Arbor Fuel selected for the Tyler Cooper Award for the Most Angel Capital Raised from the Angel Investor Forum by the Connecticut Technology Council and also recognized as one of the 100 technology "Companies to Watch"

FARMINGTON, CT: September 17, 2008 - Arbor Fuel won the Tyler Cooper Award for the Most Angel Capital Raised from the Angel Investor Forum at the Second Annual Innovation Pipeline Awards and technology showcase in front of over 350 guests at the Dolce Innovation Center. The Connecticut Technology Council (CTC), the state's industry association for the technology sector, annually recognizes companies with sales under $10M, an innovative product and a business model that demonstrates potential for future success. Arbor Fuel was also recognized as one of Connecticut's top 100 technology "Companies to Watch" for 2008.

Matthew Nemerson, the CTC President and CEO, notes "we look at hundreds of new ideas and start-ups every year and the companies recognized here are the ones we feel are not only the most exciting but have a real chance to become fast growing new firms."

Awards are the result of a nomination and judging process that engages dozens of technology leaders from corporations such as Pitney Bowes, GE, UTC and Open Solutions and firms such as law firms Cantor Colburn, LLP, Edwards Angell Palmer and Dodge, LLP and the accounting firm Fiondella, Milone, and Lasaracina.

Steven Henck, President and CEO of Arbor Fuel, said "This is a great honor and it is wonderful to be recognized for the hard work and successes we have achieved. So many investors have approached us that our first round of financing is full and we have had to turn potential investors away."

About Arbor Fuel

Arbor Fuel is developing yeast strains and processes which will enable the production of both ethanol and butanol from renewable, non-food biomass sources. The technology it is developing will produce both bioethanol and biobutanol while helping to alleviate the current unintended consequences of the utilization of food crops for the production of biofuels, such as the production of bioethanol from corn or sugarcane.

About the Connecticut Technology Council

The Connecticut Technology Council is the state's industry association for the technology sector. CTC's mission is to "connect people, ideas and opportunities to the global technology and innovation community." CTC provides members with business assistance and specialized programs, in addition to promoting and supporting public policies that position Connecticut to have a globally recognized "culture of innovation" that helps attract great ideas and entrepreneurs to in turn develop new jobs and wealth for the state.