New Sky and Colorado School of Mines Form New Partnership

BOULDER, CO--(Marketwire - January 28, 2010) - New Sky Energy and the Colorado School of Mines announced this week that they have entered into a sponsored research agreement to build a fully operating, scalable model of New Sky's electro-chemical and carbon capture technology.

"We are extremely pleased to be working with a leading academic and engineering institution like the School of Mines to bring our technology to market," Dr. Deane Little, CEO of New Sky Energy said. "Mines is a very practice-oriented university, so this represents another important milestone in our development and accelerates our progress towards commercial operation."

The joint project will proceed under a 1-year, $200,000 Sponsored Research Agreement funded by Boulder-based New Sky Energy. The project will allow New Sky and Mines to rapidly develop a showcase facility that implements New Sky's technology to capture and convert CO2 into useful products. "I am highly confident that the project will be cost effective and technically successful," said Dr. Nigel Sammes, who will lead the project for Mines. Sammes, who will co-manage the project with Little, is the Coors Distinguished Professor of Ceramic Engineering at Mines and has 10 years of private-sector experience in the electro-chemical industry. Other project researchers include Dr. Ryan O'Hayre from the School of Mines and Dr. Joe Kosmoski from New Sky Energy.

New Sky Energy, Inc. is a carbon negative manufacturing company that captures and converts CO2 into useful chemical feed stocks. Using a proprietary chemical process New Sky scrubs CO2 from the air, flue gas or other exhausts and converts it into competitively-priced, chemically stable solids widely used in industry and agriculture. New Sky's process is cost-competitive, produce s no chlorine, and is more energy efficient than existing methods of production.

Colorado School of Mines is engineering the way to the future with unparalleled academic and research programs, expert faculty, and the best and brightest students. The school is a global leader in engineering and the applied sciences, with a one-of-a-kind mission in earth, energy, materials and environment, and a 135-year history of service to industry and society.

Contact Information: CONTACT: New Sky Energy: Michael S. Ashford, EVP (720) 239-1174