For Immediate Release

Frank Alix of Powerspan and Mary Johanna Brown of Brown & Company attended a December 6 reception to launch e-cares, a philanthropic initiative created by high-technology leaders in New Hampshire. (Union Leader photo.)

Powerspan Initiates Charitable Giving Programs

NEW DURHAM, N.H., January 5, 2001—Chairman and CEO of Powerspan Corp., Frank Alix, along with 17 other prominent technology leaders, recently announced the creation of e-cares, a new venture philanthropy initiative supported by the New Hampshire Charitable Foundation. In connection with the launch of e-cares, Powerspan is initiating programs that encourage employees to donate time and money to nonprofit organizations that benefit the community.

Under a new matching gifts program, the Company will donate up to $50 per employee per year to match employees' gifts to charities such as educational, health care, environmental, cultural, and civic organizations. In addition, Powerspan encourages employees to donate time to philanthropic efforts in their communities by allowing paid time off for volunteer activities.

"Our people are committed to developing technology to clean and preserve our environment," said Powerspan CEO Frank Alix. "It is a natural extension of this commitment to become involved in making the local community a better place to live. With these initiatives Powerspan will actively support our employees and community."

E-cares was formed as a vehicle for the high-tech community to support New Hampshire's nonprofit organizations by fostering a "culture of giving." Through corporate giving programs and liaisons with community nonprofit organizations, e-cares hopes to harness the energy that characterizes the state's high-technology industries and use it to drive philanthropic efforts.

At a launch reception on December 6, attended by New Hampshire Governor Jeanne Shaheen and state business leaders, the e-cares website and logo were unveiled. The website, www.e-cares.org, will provide a marketplace for the exchange of resources between nonprofit charities and the member companies. Governor Shaheen called e-cares "a model program that other states will want to emulate."

E-cares member companies have raised $125,000, which will be returned to the community through grants to nonprofit organizations. New Hampshire Charitable Foundation will administer the funds, arrange grants, and provide expert advice on corporate giving programs. Membership dues, strategic grants, paid time off for volunteers, and a range of other giving options allow e-cares companies to help their own communities. E-cares provides a link between the high-technology business world and the many organizations working to improve the lives and hopes of people in need.

Powerspan Corp. is engaged in the development and commercialization of an innovative multi-pollutant control system for the electric power industry that reduces acid rain precursors and air toxics from coal-fired power generation. The Company is a pioneer in building cost-effective and timely solutions for the existing power generating base. For more information about Powerspan, please visit the Company's website, www.powerspancorp.com.

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Powerspan Corp.
Contact: Kay D. Harrison
Corporate Communications Associate
Phone: 603-859-2500, ext. 35
E-mail: kharrison@powerspancorp.com