DRAKER LABORATORIES SECURES CAPITAL AND PARTNERS FOR UPCOMING PRODUCT LAUNCH

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) August 11, 2008 --

Burlington, VT—August 4, 2008—Draker Laboratories (“Draker”) announces a series of partnerships and the securing of a significant investment today. These partnerships and investment greatly improves Draker’s ability to grow the company’s position in the renewable energy monitoring industry. This exciting development includes strategic alliances with Campbell Scientific and the Nathaniel Group as well as investments from FreshTracks Capital II L.P and the State of Vermont through its Clean Energy Development Fund. Draker is now on track to complete the development of a next generation renewable energy monitoring product that will be unveiled at the Solar Power 2008 conference in San Diego, CA this fall. “We are excited about the strategic infrastructure Draker has assembled through this transaction,” said AJ Rossman, founder and CEO of Draker, “these partnerships allow Draker to better serve the commercial renewable energy sector through improved hardware, software and customer support”

“Campbell Scientific dataloggers have been an integral part of Draker’s product line since its inception and solidifying this relationship signals the strong endorsement we have for Draker’s superior product offering, as well as for the rapidly growing renewable energy industry,” commented Joshua Campbell.

The Nathaniel Group, based in Vergennes, VT, has been a critical partner in Draker’s product development; their financial commitment to Draker represents an informed and powerful vote of confidence in Draker’s product line.

The Clean Energy Development Fund, an agency fund housed at the Department of Public Service and chartered to promote the development and deployment of cost-effective and environmentally sustainable electric power resources, also invested in this round.

“We have been watching Draker for close to 3 years now, and have been impressed with their progress in the market,” noted Lee Bouyea, Managing Director of FreshTracks Capital. The increased productization of their monitoring solution when combined with a number of new key accounts and sales wins indicated to us that Draker had met a critical inflexion point, and that it was the right time to invest.” Bouyea also joined Draker’s Board of Directors at the closing of the transaction.

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