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RTDC Announces that Environmental Operating Solutions (EOS) Has Secured $2.5M Venture Capital Financing to Accelerate Expansion of Operations

WOODS HOLE, Mass., March 18, 2008— The Regional Technology Development Corp. (RTDC) of Cape Cod announced today that Environmental Operating Solutions, Inc. (EOS) (www.eosenvironmental.com), an early-stage environmental technology company based in Bourne, Massachusetts, has secured $2.5 million in its first round of institutional financing. EOS will apply the proceeds to expand operations and advance commercialization of its novel “green” denitrification products engineered to improve the safety, cost-effectiveness, and environmental impact of removing pollutant nitrogen in wastewater. The financing was provided by Stuart Mill Venture Partners of Virginia.

RTDC worked with EOS to obtain the venture financing, which is expected to generate a number of new technology jobs in the Cape Cod region. The RTDC serves as an innovation accelerator and is working with local and regional research institutions to launch new technology-based companies on Cape Cod while providing business management and development guidance to existing early-stage companies.

“The RTDC provided invaluable assistance in obtaining this financing,” said Eric Stoermer, President and Chief Executive Officer of EOS. “From strategic business development assistance through helping us position and present the company to investors and, eventually, negotiate terms, they helped us navigate the process successfully. Immediately upon receiving this funding, we plan to hire three or four new people to work here on Cape Cod.”

“The support RTDC was able to provide EOS in securing this growth financing underscores the organization’s role not only in accelerating the formation of new local technology-based startups, but in boosting the efforts of developing companies on the Cape as they transition to a new stage of sustainable growth,” said Robert A. Curtis, Pharm.D., Chief Executive Officer of the RTDC. “Assisting local companies in securing financing for an expansion or in identifying and licensing emerging commercializable technologies that are a fit with their existing businesses is the fastest way we know of to grow employment on the Cape.”