1Sinvent AS

SINTEF Innovation Concept

2Sinvent AS

1. SINTEF Group

2. SINTEF Innovation concept

3. SINTEF spin-offs. Examples

3Sinvent AS

Technology for a better society

4Sinvent AS

The Norwegian University of Science and Technology, NTNU: - 20000 full-time students- 973 scientific employees

University of Oslo, UiO, Faculty of Mathematics and Natural sciences:- 4500 full-time students - 518 scientific employees

NTNU and the SINTEF Group Collaboration in R & D

Joint use of laboratories and

instruments

SINTEF employees teach at NTNU

NTNU personnel working on

SINTEF projects

Our partners

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Size of projects and proportion of turnover (5640 projects in total)

Less than 50 001- 200 001- 500 001- Over 50 000 200 000 500 000 1000 000 1000 000

Proportion of projects

Proportion of total turnover

Project size in NOK

Projects in the SINTEF Group completed in 2005

10%12%

17%

8%

27%

7%

30%

14% 16%

59%

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Educational background of research personnel employed by the Foundation

Cand. real. (M.Sc.) 3.1%

Bachelor of science 2.9%

Master of business 1.4%

Cand. psychol. (M.Sc.) 1.0%

Other 4.1%

66,7% Master of Science

11,3% Cand. scient

9,5% Cand. polit

12,5% Other

39% of the 1264 researchers in the SINTEF Group have a doctorate.

Of this group, 22% are women and 78% are men. (31.12.2005)

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Investments in knowledge and scientific equipment, and results as percentage of net revenue

Result

Scientific equipment

Knowledge

SINTEF Petroleum Research

SINTEF Energy Research

SINTEF Fisheries and Aquaculture

MARINTEK

SINTEF ICT

SINTEF Materials and Chemistry

SINTEF Health Research

SINTEF Technology and Society

SINTEF Holding

-5% 0 5% 10% 15% 20% 25%

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The SINTEF Group revenues

Research Council strategic programmes 3%

Research Councilbasic grants 3%

Other income 7%

Research Council project grants 14%

Publicsector 16%

Industry 42%Internationalcontracts 15%

The SINTEF Group turnover in 2005: NOK 1.8 billion

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The SINTEF Group

Research Divisions

SINTEFHealth Research

SINTEFTechnology and

Society

SINTEFICT

SINTEFMaterials and

Chemistry

SINTEF Buildingand Infrastructure

SINTEFPetroleum and Energy

SINTEF Petroleum ResearchSINTEF Energy Research

SINTEFHolding

PresidentExecutive Vice Presidents

SINTEF’s CouncilSINTEF’s Board

Corporate Staff

SINTEF MarineMARINTEK

SINTEF Fisheries and Aquaculture

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Social perspectiveSINTEF wishes to contribute to the creation of value and to a society in healthy sustainable development.

Business conceptSINTEF sells research-based knowledge and related services to Norwegian and international clients.

Fundamental valuesHonesty, Generosity, Courage and Solidarity

SINTEF has 1800 employees, of whom about 1400 are based in

Trondheim and 300 in Oslo. SINTEF also has offices in Bergen, Stavanger, Kristiansund, ÅlesundRaufoss, Mo i Rana, Hirtshals (Denmark) and Houston (USA).

The SINTEF Group

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1. SINTEF Group

2. SINTEF Innovation concept

3. SINTEF spin-offs. Examples

12Sinvent AS

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Legal structure

SINTEF Foundation

Sinvent AS

SINTEF Venture AS100 mill NOK

Sinvent Venture AS

55 mill NOK

100%

100%

Spin offs pre April 9 2002 Spin offs post April 9 2002

SINTEF Holding AS

100%

Companies within the SINTEFGROUP

100%

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SINVENT AS SINTEFs Innovation and Commercialization tool

Focus on investments, innovation and patents

5 employees. The management consist of:

Anders Lian , 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)

Nils Spidsøe , Director

Master of Science NTNU, 23 years in SINTEF in various positions, including

Research Director of SINTEF Civil and Environmental Engineering

Jostein S. Bjøndal , Investment Manager

BBA NHH, MIB NHH, SINTEF (5 years; R&D and management), Leiv Eiriksson

Nyfotek (3 years; innovation and investment processes), Fokus Bank (2 years;

Sales corporate market), Danske Securities (1 year; Corporate Finance)

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Investment companies Sinvent Venture AS

Established 2002, with 55 mill in assets, 25 portfolio companies 13 exits as per May 2005 Follow up investments only

SINTEF Venture AS Established 2002 100 mill in committed capital 5 investments as per December 2005

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1. SINTEF Group

2. SINTEF Innovation concept

3. SINTEF spin-offs. Examples

17Sinvent AS

Spin-offs – some examples

Name Phase Industry

Kongsberg Maritime AS Stable growth World leader in several fields of maritime information technology.

Part (60% of turnover) of Kongsberg Gruppen ASA.

In 2000 acquired SINTEF spin-off Navia ASA for NOK 840 mill.

http://www.kongsberg.com

Dynal Biotech ASA Growth Biotechnology company focusing on magnetic particle technology for isolation of cells, proteins and nucleic acid. License from SINTEF.

Turnover 2003: NOK 527 mill. http://www.dynalbiotech.com

Powel ASA Growth Energy software and services provider.

Turnover 2001: NOK 147 mill http://www.powel.com

Mison AS Venture Medical technology, surgery equipment. Some test sales.

Turnover 2003: NOK 9 mill. http://www.mison.no

Nacre AS Seed Development of a combined hearing protection and communication system. http://www.nacre.no

Revolt Technology AS Seed High quality battery technology.

http://www.revolt.no

Biosergen AS Seed Antibiotics against fungus infections

http://www.biosergen.no

ResMan AS Seed Service provider offering unique chemical solutions for continuous inflow monitoring in hydrocarbon reservoirs wells . http://www.resman.no

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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 2000.

Current product line: Positioning:

Vessel Reference Systems Satellite Reference Systems Vessel Tracking Systems

Instrumentation: Interactive Fire Alarm Systems Condition monitoring sensors

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Dynal Biotech ASA

Based on the discovery of Professor John Ugelstad in 1979 - 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

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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.

21Sinvent AS

Metaphor AS Provides tools for broadcasting of

weather: Software, hardware, meteorological data, maps, and symbols.

Its products are 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.

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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

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Nacre AS Nacre sells products based on its

unique digital sound technology.

QuietPro is an adaptive intelligent hearing protector and communication terminal. QuietPro will be developed in several verisons to fit military, aviation and industrial customers.

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ReVolt Technology AS

SINTEF and Viking Venture have set up a new company which will develop and market high quality batteries

The new batteries result from SINTEF research within materials, battery and fuel cell technology

Target market no 1: Batteries for cell phones, portable PCs and

digital cameras. The ReVolt battery is 4-5 times more

efficient than current leading edge technology

Other markets: Transportation Power generation industry

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Biosergen AS Company established 29. November 2004

Genetic engineering from SINTEF and NTNU

International cooperation with Karolinska Innovations AB regarding commercialization

Shareholders: SINTEF Venture AS Karolinska Institutet Holding AB

Business concept: Development and license of Nystatin derivates for use in production of antibiotics against fungus infections

Large and growing market – 4,3 mrd USD today

Norwegian Company – Research and development in Trondheim. Swedish CEO and Chairman.

26Sinvent AS

ResMan AS Company established 12. May 2005

A start-up company based on technology from SINTEF and IFE.

The company established with active support of Statoil Innovation AS

Investors: SINTEF, IFE, Statoil Innovations & management

ResMan AS will produce chemical intelligent materials to monitor flows in oil and gas wells. The whole process will take place without the use of cables.

ResMan will be tackling a large global market, and current market contacts indicate a high level of interest in its product from several countries.