Sinvent AS 1 SINTEF Innovation Concept

Sinvent AS 2 1.SINTEF Group 2.SINTEF Innovation concept 3.SINTEF spin-offs. Examples

Sinvent AS 3 The Foundation for Scientific and Industrial Research at the Norwegian Institute of Technology

Sinvent AS 4 SINTEF Business concept: The objective of the SINTEF Group’s objective is to supply research-based knowledge and related services to its Norwegian and international clients, in cooperation with the Norwegian University of Science and Technology (NTNU) and the University of Oslo (UiO). We aim to support the development of new companies and existing industries with growth potential. The vision: Technology for a better society Social perspective: The SINTEF Group aims to support the process of wealth creation throughout society Locations: The SINTEF Group has approximately 1900 employees, 400 in Oslo and 1500 in Trondheim.

Sinvent AS 5 SINTEF Unimed SINTEF Telecom and Informatics SINTEF Industrial Management SINTEF Materials Technology SINTEF Applied Chemistry SINTEF Electronics and Cybernetics SINTEF Civil and Environmental Engineering SINTEF Applied Mathematics SINTEF Fisheries and Aquaculture SINTEF Petroleum Research SINTEF Energy Research Sinvent AS Marintek Share of turnover by Research Institutes and Research Companies SINTEF Group turnover: NOK 1.7 billion Mill. Kr.

Sinvent AS 6 SINTEF-Group turnover in 2001 Strategic programs from The Research Council of Norway 4% Contracts 93% - Industrial and commercial enterprises 47% - Public sector 12% - International contracts 14% - The Research Council of Norway (project grants) 11% - Other sources 10% Basic grants from The Research Council of Norway 3% Turnover: NOK 1.7 billion

Sinvent AS 7 Sources of finance Abroad Other activities Public-sector Industry and commerce Research Council of Norway

Sinvent AS 8 Scientists: 1236 (68,5%) of which 37,9% have doctorates Administrative staff/ leaders: 242 (14,6% ) Technical staff: 117 (7,0%) Engineers: 163 (9,8%) Employees of the SINTEF Group’s research institutes 1657 employees on December 31, 2001 The SINTEF Group also includes the Sinvent concern which has 272 employees at the end of 2001

Sinvent AS 9 The Norwegian University of Science and Technology, NTNU: full-time students ca scientific employees University of Oslo, UiO, Faculty of mathematics and natural sciences: full-time students ca 645 scientific man-years NTNU and The SINTEF Group Collaboration in R & D Our partners Joint use of laboratories and instruments SINTEF employees teach at NTNU NTNU-personnel working on SINTEF projects NTNU-personnel working on SINTEF projects

Sinvent AS 10 1.SINTEF Group 2.SINTEF Innovation concept 3. SINTEF spin-offs. Examples

Sinvent AS 11 SINTEF Innovation Concept

Sinvent AS 12 Legal structure SINTEF Foundation Sinvent AS SINTEF Venture AS 100 mill NOK Sinvent Venture AS 55 mill NOK Strategic ownerships 100%

Sinvent AS 13 SINVENT AS SINTEFs Innovation and Commercialization tool Holder of all SINTEFs venture and strategic ownerships Focus on investments, innovation and patents 5 employees. The management consist of: Nils Spidsøe (51), Managing Director Master of Science NTNU, 23 years in SINTEF in various positions, including Research Director of SINTEF Civil and Environmental Engineering Anders Lian (42), Investment Director/Managing Director BBA NHH, Norsk Hydro (7 years; Norway, England and France), Gjensidige NOR (10 years; Group financials, life insurance, investor relations and private equity) Jostein S. Bjøndal (37), Investment Manager BBA NHH, MIB NHH, SINTEF (5 years; R&D and management), Leiv Eiriksson Nyfofek (3 years; innovation and investment processes), Fokus Bank (2 years; Sales corporate market), Danske Securities (1 year; Corporate Finance)

Sinvent AS 14 Investment companies Sinvent Venture AS 55 mill in assets 20 investments Follow up investments only The board consists of the deputy CEO and four other SINTEF executive directors SINTEF Venture AS Established Q mill in committed capital 0 investments as per October 2002 The board consists of the deputy CEO and four other SINTEF executive directors

Sinvent AS 15 1.SINTEF Group 2.SINTEF Innovation concept 3. SINTEF spin-offs. Examples

Sinvent AS 16 Spin-offs Some examples:

Sinvent AS 17 Kongsberg Maritime AS Starting out as a spin-off from SINTEF in 1984, Seatex AS expanded through M&As to the maritime and aviation positioning and instrumentation company Navia ASA. The company was listed in 1993 and sold to Kongsberg Gruppen ASA in Current product line: Positioning: Vessel Reference Systems Satellite Reference Systems Vessel Tracking Systems Instrumentation: Interactive Fire Alarm Systems Condition monitoring sensors

Sinvent AS 18 Dynal Biotech ASA Based on the discovery of Professor John Ugelstad in the making of uniform polystyrene spheres of exactly the same size. Prof. Ugelstad and his colleagues made these spheres magnetisable and, moreover, superparamagnetic Current product areas: Immunology Molecular biology Microbiology Tissue typing

Sinvent AS 19 Powel ASA Norway second in Europe to deregulate energy markets Powel spun out in 1998 from strong SINTEF energy R&D institute Its modular software products and services in regular use by more than 150 utilities Several products, including systems that support decision-making within generation planning, forecasting, power trading and risk management. provide documentation, planning, operation and maintenance of power supply installations.

Sinvent AS 20 Metaphor AS Provides tools for broadcasting of weather: Software, hardware, meteorological data, maps, and symbols. The Metacast®Ultra software is used today by over 100 television stations and Meteorological Institutes worldwide to ingest data and create "ready to air" weather shows. A new daughter company: WeatherOne will provide every possible product needed for the broadcast of weather. This new venture further proves the commitment of Metaphor AS to be the world leader in weather broadcasting.

Sinvent AS 21 Mison AS The city of Trondheim is an internationally recognized centre of excellence for ultrasound technology MISON´s core technology is the combination of ultrasound and navigation Two products: SonoWand and SonoDoppler. Main features: optimize ultrasound image quality for surgical applications track the position of ultrasound probes and surgical instruments acquire high precision 3D ultrasound images

Sinvent AS 22 Nacre AS Nacre is developing and plan to develop several products based on its unique digital sound technology. PARAT is an adaptive intelligent hearing protector and communication terminal. PARAT will be developed in several verisons to fit military, aviation and industrial customers.