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The Quercus Trust and 21Ventures Award $100K Grant to Engineers Without Borders - USA

Business Wire, May 5, 2008

NEW YORK -- The Quercus Trust and 21Ventures announced today that they have awarded a $100,000 grant to the non-profit humanitarian organization Engineers Without Borders - USA (EWB-USA). EWB-USA partners with developing communities around the world to implement environmentally, economically, and culturally sustainable projects while providing training and experience for students and professionals. The Quercus Trust is well known for regularly supporting initiatives dedicated to developing clean technology and fostering a green earth.

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"21Ventures joins today with the Quercus Trust to support Engineers Without Borders-USA and the very worthwhile work that they do on a daily basis. Like Quercus Trust, clean energy and improving the condition of the environment has been a focus of 21Ventures from the start. We are proud to be associated with Quercus Trust and EWB-USA and the fine progress both are making towards creating a better world," said David Anthony, managing partner of 21Ventures.

More than 90% of the funds raised by Engineers Without Borders-USA goes directly to support real project work in developing communities. From installing water purification systems to digging wells for a community, from building bridges and schools to creating new stoves that use less fuel, EWB-USA volunteers are making a difference in hundreds of communities across the globe.

"EWB-USA envisions a world in which all people have access to adequate sanitation, clean water, and other basic human needs. EWB-USA project participants work integrally with the communities that we serve and assess and implement projects using only the highest engineering standards. Thanks to this generous grant from 21Ventures and Quercus Trust, we will be able to better support our rapidly growing organization and ensure the quality of work that we are doing worldwide," said Gina Earles, Managing Director of Engineers Without Borders-USA.

About 21Ventures

Founded in 2004 and headquartered in New York, 21Ventures is a venture capital fund which invests in seed and early stage Israeli technology companies in the physical security, clean energy and mobile software markets. The fund's primary geographic focus is Israel, where over half of the company's investment capital has been deployed to date. 21Ventures is currently managing more than $100 million worth of investments in 20 companies in both Israel and the United States. For more information, please visit www.21ventures.net. To schedule an interview, please contact Marjie Hadad, media liaison, marjie@netvision.net.il or please call 646-335-0269.

About Engineers Without Borders

EWB-USA is a national non-profit whose mission is to partner with developing communities around the world to implement environmentally, economically and socially sustainable engineering projects, while providing training and experience to globally responsible students and professionals. Established in 2002, EWB-USA now has over 11,000 members engaged in over 300 projects around the world, providing access to basic needs like clean water, sanitation and renewable energy. For more information on Engineers Without Borders-USA or to learn how you can get involved, please visit http://www.ewb-usa.org/index.php or contact Heidi Dormody at heidi.dormody@ewb-usa.org or 720-204-3194.

Business Services Industry

The Quercus Trust and 21Ventures Award $100K Grant to Engineers Without Borders - USA

Business Wire, May 5, 2008

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