WaterFurnace Renewable Energy, Inc. Selected To Elite Cleantech Index (CTIUS)

    FORT WAYNE, IN, July 9 /CNW/ - WaterFurnace Renewable Energy, Inc., has
been selected by the Cleantech Group(TM), LLC to join its prestigious
Cleantech Index(TM) (AMEX:   CTIUS) of public cleantech companies, effective
June 30, 2008.
    The Cleantech Group's Cleantech Index is the first, and only, equity
index to offer investors and index licensees an easy, liquid and
cost-effective way to track and invest in the broad cleantech category. Unlike
indices that specifically track narrow sectors such renewable energy or water,
the Cleantech Index includes the leading companies from a broad range of
sectors such as advanced materials, agriculture, transportation,
manufacturing, in addition to energy efficiency, renewables and water.
    Now comprised of 76 publicly traded companies, the Cleantech Index is the
industry gold standard upon which a growing range of financial products are
based. In 2007, the Index outperformed the S&P 500 Index by 37.4%, over the
last 12 months by 26.3%, and in 2008 (through June 27) by 6.5%.
    Bruce Ritchey, WaterFurnace CEO, stated, "We are very pleased to be
selected for the Cleantech Index. This selection reaffirms our positioning as
a socially responsible and successful investment. WaterFurnace is a highly
successful company in the renewable energy market. In the past year we have
also been included in the Ardour Index and selected as one of the 10
outstanding Clean Technology Companies in Canada by Corporate Knights
    WaterFurnace manufactures geothermal heat pumps. The geothermal units use
the renewable solar energy stored just five feet below the surface to
dramatically reduce the energy consumed by buildings for heating, cooling and
hot water. The Environmental Protection Agency and the Department of Energy
have concluded that geothermal systems are the most environmentally friendly
way to heat and cool our buildings.
    "WaterFurnace Renewable Energy, Inc.'s addition to the Cleantech Index
reflects the significance of the company to global cleantech investors," said
Rafael Coven, Managing Director of Cleantech Indices for the Cleantech Group,
LLC, and Index Advisor.
    With its inclusion in the Cleantech Index, WaterFurnace (WFI on the
Toronto Stock Exchange) is also now being traded in funds based upon CTIUS,
including the PowerShares Cleantech Portfolio ETF (Amex:   PZD) and KSM
Cleantech ETF (Bloomberg: KSMCLNT: IT) in Israel, among others.
    For more information on the Cleantech Index:

For further information:

For further information: Bruce Ritchey, President and CEO, (260)

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