Strategic partnership with GE

We are the car company of the 21st century. We develop zero emission vehicles and sustainable solutions. Today, we are proud to launch TH!NK city in new markets, something that shows that the demand for sustainable solutions and zero emission vehicles is greater than ever before. In addition to this we are pleased to present plans and visions for the years to come, says Jan-Olaf Willums, CEO of Think Global.

Think today and tomorrow

TH!NK city is a fully environmental vehicle, emission free and 95 percent recyclable. It reaches a top speed of 100 km per hour and can drive up to 180 km* on one single charge. TH!NK city is homologated for European markets.

The platform concept TH!NK Ox is the electric vehicle of the future. The crossover version TH!NK Ox will be the first five seater electric car, and has similar design and environmental solutions to TH!NK city. The concept car features TH!NK connectivity; a platform of interactive applications for battery monitoring, drive- and energy optimizing, support and entertainment.

Collaboration with GE

In an effort to enable global electrification of transportation GE has announced it has invested in Think and lithium-ion battery manufacturer A123Systems. To power its vehicles, Think has signed a commercial supply agreement with A123. In order to help A123 roll out batteries for Think, GE Energy Financial Services has invested in the company. A123 is now drawing on the research and technology development expertise of GE Global Research in Niskayuna, New York. The joint research will support A123’s battery development, including batteries for Think’s vehicles. GE Energy Financial Services and GE Global Research are backing electrification developments in the transportation sector as part of GE’s ecomagination initiative, the company’s commitment to help its customers meet their environmental challenges while expanding its own portfolio of cleaner energy products.

Think CEO Jan-Olaf Willums commented: “We see many important opportunities emerging from our new relationship with GE. This relationship will help Think – the manufacturer of the first highway-approved electric car in mass production – to stay at the forefront of electric vehicle technology.”

“Our work with A123 and Think taps GE’s unique combination of venture capital, engineering, process and commercial expertise to help burgeoning, next generation technology companies bring their innovative products to market,” said Kevin Walsh, Managing Director and leader of renewable energy investing at GE Energy Financial Services.

The time is now

The Motor Show in Geneva addresses environmental issues like never before, and there is reason to believe the demand for sustainable solutions will increase in the years to come. The first TH!NK city’s are ready this spring. They will be launched in selected European markets by the end of 2008 and throughout 2009. At the same time cities throughout the world are considering new incentives to promote zero emission vehicles in urban environments.

- We are happy people are changing the way they think about cars. The market is finally ready for electric vehicles. And we have a car and a concept that meets the requirements of a modern car, today and tomorrow, Willums concludes.

About GE Global Research

GE Global Research was the first industrial research lab in the United States and is one of the world's most diversified research centers, providing innovative technology for all of GE's businesses. Global Research has been the cornerstone of GE technology for more than 100 years, developing breakthrough innovations in areas such as medical imaging, energy generation, jet engines, advanced materials and lighting. GE Global Research is headquartered in Niskayuna, New York and has facilities in Bangalore, India; Shanghai, China; and Munich, Germany. Visit GE Global Research at www.ge.com/research.

About GE Energy Financial Services

GE Energy Financial Services’ 350 experts invest globally with a long-term view, backed by the best of GE’s technical know-how and financial strength, across the capital spectrum and the energy and water industries, to help their customers and GE grow. With US $17 billion in assets, GE Energy Financial Services, based in Stamford, Connecticut, invests more than US $5 billion annually in two of the world’s most capital-intensive industries, energy and water. More information: www.geenergyfinancialservices.com.

About GE

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

About A123Systems

A123Systems is one of the world’s leading suppliers of high-power lithium ion batteries. The company’s patented Nanophosphate™ technology enables its batteries to deliver a previously unattainable combination of power, safety and life. Applicable to a wide range of industries, A123Systems’ products remove many traditional technology constraints to provide OEMs expanded flexibility in system design. With world-class expertise and management, global manufacturing operations and one of the largest automotive lithium ion R&D teams, A123Systems and its Automotive Class Lithium Ion™ products are accelerating the automotive movement towards platform electrification. Founded in 2001 and headquartered in Massachusetts, A123Systems’ proprietary Nanophosphate technology is built on initial developments from the Massachusetts Institute of Technology. A123Systems' Advanced Research & Government Solutions Division in Ann Arbor, Michigan is nationally recognized for new materials development and cutting-edge research. For additional information please visit www.a123systems.com.

For more information, contact:

Ingvil Ladehaug
Press Spokeswoman, Think Global
ila@think.no
+47 95 75 70 71

Andy Katell, GE Energy Financial Services
+1-203-961-5773

Todd Alhart, GE Global Research
+1-518-387-7914
alhart@research.ge.com

Keith Watson, fama PR for A123Systems
+1-617-758-4142
keith@famapr.com

*When using a MES DEA Zebra battery, on European standard for mixed driving cycle for EVs.