Cuculus strengthens Supervisory Board

December 5th, 2011

Illmenau, Germany - Cuculus GmbH, developer of smart metering and home control solutions, is pleased to announce the appointment of Dr Neuhaus and Mr Trienekens to its supervisory board, where they will join Chairman Dr Albert Fischer, Managing Director of Yellow&Blue Investment Management BV.

Dr Gottfried Neuhaus is the founder of Neuhaus Partners, one of Europe's leading venture capital firms, which invests primarily in companies in the information technology sector. The firm has a strong track record and, since its inception in 1998, has entered into 55 investments and 47 of these as a lead investor. During his time at the helm, Dr Neuhaus has overseen two IPOs, nineteen trade sales, three buy backs, and ten insolvencies. Prior to this, Dr Neuhaus established another company, Neuhaus Computer KGaA, in 1979, which produced hardware and software for process automation. In the mid 1990s, he successfully sold Neuhaus Computer to a strategic investor, French electronics and telecommunications company SAGEM. His activities at Neuhaus Computer ended in 1997.

Pieter Trienekens, also joining the Supervisory Board, is a seasoned executive who has held several Executive positions at Gasunie. He is also a member of the Supervisory Board of KEMA, an energy consultancy firm with worldwide operations, and of two local Dutch healthcare organisations. His extensive experience in the gas industry spans 25 years and includes positions as CEO of Gas Transport Services (GTS) and executive director at GTS parent company Gasunie, a key player in the European gas industry. While at  Gasunie, he was responsible for major investments such as the Dutch liquefied natural gas (LNG) terminal and the recently opened Northstream gas pipeline. Through this, as well as his work in international sales for Gasunie, he built an extensive network of contacts worldwide. Prior to this, he spent 8 years at the Dutch Ministry of Economic Affairs where he was responsible for energy policy and upstream arrangements with Dutch oil and gas producers.

Dr Albert Fischer, Chairman of the Cuculus Supervisory Board, commented: "I am delighted that Gottfried and Pieter have decided to join us on the Cuculus Supervisory Board, which will be considerably strengthened by the appointments. Dr Gottfried Neuhaus has a wealth of experience in venture capital as well as in entrepreneurship as the founder of two highly successful companies. His knowledge of the technology sector and understanding of the challenges facing young businesses will be invaluable in developing Cuculus' business strategy and market position.

"Pieter Trienekens, our other addition to the supervisory board, has a strong background in business development and international sales and negotiations in the energy sector and will help us to forge new industry connections and build business. In addition, his experience in government policy will make him a valuable source of advice on regulatory issues facing energy companies. As Chairman of the Board, I very much look forward to working with them both."

Notes to editors:

About Cuculus GmbH: 

Cuculus helps utilities deliver Smart Metering by connecting electric, gas and water meters to ZONOS, a robust IT platform that can be integrated with utilities existing back-end systems. The Company has also developed the infrastructure and products required to support the management of home appliances ("Home Control") for utilities and Internet Service Providers (ISPs). The ZONOS platform is open and vendor independent thus making it possible to work with the meters and communication structure of choice. The system is scalable and can be implemented as a managed service or running in a company's system environment. This creates the opportunity for simple and cost effective to roll out of services. The integration of smart metering and home control furthermore provides opportunities for demand management and other advanced services. The Company was spun out from Ilmenau University of Technology and IDEO Laboratories GmbH in 2007.

For further information:

Albert Fischer
Cuculus Supervisory Board Chairman MD, Yellow&Blue Investment Management MD

 +31 (0) 88 0102 400

Kjartan Skaugvoll
Cuculus CEO

 +49 (0) 36 77 66 85 30

Matt Ridsdale
Tavistock Communications

 +44 (0)20 7920 3150

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