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Perpetua Power Source Technologies Announces Manufacturing Expansion Plans


May 9, 2011

CORVALLIS, OR— Perpetua Power Source Technologies, Inc. (Perpetua), a leading developer of renewable energy solutions for the wireless sensor network industry, today announced plans to expand its manufacturing capabilities and build a new final assembly and production facility.

Through a recently developed relationship with the local Coquille Indian Tribe, the final assembly and production facility will be located on the 50-acre Tribe-owned Ko-Kwel Wharf in North Bend, Oregon. Additional growth plans also include expanding manufacturing capabilities of its thermoelectric technology at the Corvallis, Oregon company headquarters.

“Our new business relationship with the Tribe will support our local and global growth expansion plans,” said Nicholas Fowler, Perpetua’s CEO. “In addtion to assisting us in building a new production site, Perpetua anticipates several financial and operational advantages reserved for Tribes, as well as reactivation of the Foreign Trade Zone designation for the facility.”

“Investing in Perpetua’s production facility continues development of the Tribe’s waterfront property and also begins development of an innovation center that can make use of Tribal advantages to grow a new generation of businesses that create solid employment opportunities for our South Coast communities,” Calvin Mukumoto, Chairman and CEO of the Mith-ih-kwuh Economic Development Corporation commented. “Our planning includes creating a workforce training program that would prepare local residents for job opportunities anticipated at the new production facility.”

About Perpetua Power Source Technologies, Inc.: Perpetua (www.perpetuapower.com) is dedicated to offering high quality, cost-effective, and easy-to-use renewable energy products that last as long as the electronics they power. By extending the life of batteries and in some cases replacing batteries altogether, Perpetua’s products enable wireless network users to collect more data over time and offer more opportunities to operate autonomously in diverse environments.

About Mith-ih-kwuh Economic Development Corporation: The Mith-ih-kwuh Economic Development Corporation (MEDC) is a federally chartered corporation wholly owned by the Coquille Indian Tribe that serves as a holding company for a variety of job-creating investments. Mith-ih-kwuh is a Miluk-Coos language term that can be translated as “morning star.”

About the Coquille Indian Tribe: Comprising a people whose ancestors lived in the lands that include the Coquille River watershed and lower Coos Bay, the Coquille Indian Tribe today has over 900 members and a land base of 7,043 acres. After the United States reinstituted federal recognition to the Tribe and restored its full sovereignty rights in 1989, the Coquille Tribal government created an administrative program that now provides housing, health care, education, elder care, law enforcement and judicial services to its members. The Tribe is the second largest employer in Coos County, Oregon, successfully managing business ventures in forestry, arts and exhibits, gaming and hospitality, assisted living and memory care and high-speed telecommunications.

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