Cycle Capital Management Welcomes a New Partner

MONTREAL, June 9, 2011 /CNW Telbec/ - Ms. Andrée-Lise Méthot, Founder and Senior partner of Cycle Capital Management (Cycle Capital) Inc., has the pleasure of announcing the arrival of Colin Ryan, ing., MBA, as the newest partner in the Cycle Capital team.

Mr. Ryan, who is an engineer and businessman, has over 20 years' experience in clean and industrial technologies. In recent years, he has worked principally as an angel investor in the cleantech sector at Cansolv Technologies where, among other positions, he was Vice President of Marketing and Sales as well as the founder and chair of the board of the Chinese subsidiary Cansolv Technologies (Shenzen). Cansolv Technologies was acquired by Royal Dutch Shell in 2008.

Ms. Méthot believes that the arrival of Mr. Ryan fits perfectly into the Fund's strategy, which focuses, among other things, on accompanying entrepreneurs on the world markets in the cleantech and renewable energy sector. "His experience and expertise will certainly contribute to accelerating the development of the businesses in Cycle Capital's portfolios," she said. Mr. Ryan will principally be working on the Seed Fund Cycle-C3E, LP.

About Cycle Capital Management (Cycle Capital)

Cycle Capital is a pioneer among Canadian venture capital funds focused on the cleantech sector. The fund invests in companies developing and commercializing clean technologies and projects in renewable energy generation that are focused on reducing greenhouse gas emissions, optimizing resources use, and decreasing impacts over their entire life cycle.

With nearly $125 million under management, Cycle Capital invests primarily in north-eastern North America. The fund has assembled a team of investment professionals, advisors and strategic partners, internationally respected for their combined experience in building, nurturing and growing world-class companies. Cycle Capital benefits from a privileged relationship with its strategic partners including Brookfield Renewable Power, Rio Tinto Alcan, Cascades, The Master Group L.P, Lonza, Gaz Métro and Systemex Energies.

SOURCE Cycle Capital Management

For further information: Isabelle Perras, (514) 282-4630, isabelle.perras@cossette.com

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