About Paladin Capital Group Portfolio Companies

Paladin III, L.P.

Paladin III invests in enterprises whose principal business centers on products and services that address homeland security issues and needs. The Fund's first priority will be to invest in existing companies with immediate solutions designed to prevent harmful attacks, defend against attacks, cope with the aftermath of an attack or disaster and recover from terrorist attacks and other threats to homeland security. The investment objective of the Fund is to generate superior long-term capital appreciation, typically through privately negotiated equity and equity-related transactions in private and, in certain cases, public companies.

Paladin III Portfolio Companies
Adapx, Inc.	Digital Bridge Communications
Initiate	Luminus Devices, Inc.
Renewable Energy Products	Royalty Pharma
Unitrends

Adapx, Inc.

Adapx sells software products that enable users in field environments to improve the accuracy, speed, reliability, and usability of their data capture. Their products let users take notes (converting them to digital text format), fill forms, and mark up maps and diagrams away from the computer, using digital pen and paper. By allowing users to keep their established business practices, digital pen and paper offers an easily adopted and effective solution for capturing, saving, updating, and sharing handwritten information. Essentially, any business process or workflow that uses pen and paper can be digitally enabled by the Adapx platform. The Company’s proprietary software allows users to automatically and digitally integrate their collected field data into leading applications such as ArcGIS, AutoCAD, Visio, Excel, PowerPoint, and Data Form applications. This ability is a significant breakthrough in the mobile field worker technology arena. Adapx’s solution allows customers to more effectively prevent, defend against, cope and recover from natural events or internal and external attacks on our country’s critical infrastructure (i.e., public utility grids). {top}
http://www.adapx.com

Digital Bridge Communications

DigitalBridge Communications provides broadband wireless services (including high-speed data, voice over IP, and locally-hosted community content) to consumers and businesses in underserved rural, suburban, military, and university communities. It utilizes WiMAX technology to provide reliable, portable high-speed connections anywhere in its service area and is an alternative to traditional DSL, cable modem, and satellite services. In addition, DBC maintains a strong commitment to work with local communities and schools to make broadband services and content available to those residents and students who are often left behind. The WiMax technology serves the homeland security market by providing a communication network that is resilient, can be deployed (or redeployed) rapidly and in harsh and diverse conditions to provide reliable and secure voice, video and data communications.{top}
http://www.digitalbridgecommunications.com

Initiate

Initiate based in Chicago, IL is a leading provider of master data management (“MDM”) software, which enables organizations to strategically leverage and share critical data assets. The company’s Master Data Management software and experience as an information exchange leader provides organizations with complete, highly accurate and real-time views of data spread across multiple systems or databases, even outside organizational firewalls, allowing companies to unlock the value of data assets for competitive advantages or operational improvements. The company has established itself as a leader in the healthcare market and has been rapidly expanding into other verticals, especially public sector (state/local and federal government organizations) and financial services. {top}
http://www.initiatesystems.com

Luminus Devices, Inc.

Luminus Devices, Inc. develops and manufactures high performance solid state light sources for a variety of illumination applications, including high definition TVs, video projectors, avionics displays, and lighting systems. Its patented PhlatLight® (Photonic Lattice) LED products are the brightest and most versatile solid-state light sources available today and are enabling innovative products and applications never before possible. Luminus Devices’ headquarters and primary manufacturing facilities are located in Billerica, Massachusetts, U.S.A.  {top}
http://www.luminus.com and http://www.phlatlight.com.

Renewable Energy Products

Renewable Energy Products (“REP”) is building a network of medium-scale biodiesel production facilities throughout the United States. Biodiesel is a renewable, alternative fuel similar to conventional diesel or petro-diesel that is non-toxic and bio-degradable and can be used as a direct substitute for petro-diesel in most standard OEM diesel engines with few or no modifications to the engine or the fuel system. Paladin believes that diversification of nation’s energy supply away from imported fossil fuels can reduce America’s vulnerability to disruptions in energy supply as well as our dependence in imported energy sources. REP’s first two plants, based in Southern California, will be operational in 2008. {top}
http://www.renewable-energyproducts.com

Royalty Pharma

Royalty Pharma invests in pharmaceutical and biotechnology product royalties and other revenue-producing intellectual property. Royalty Pharma currently owns a diversified portfolio of royalties in 22 products: 16 leading approved and marketed pharmaceutical and pharmaceutical products, 5 products in Phase II clinical trials and/or under review with the FDA and one product in early stage of clinical development. The development of critical care treatments, therapies and vaccines for life-threatening diseases, viruses and other ailments form on of the cornerstones of the “cope” and “recover” aspects of Paladin’s homeland security investment strategy. Royalty Pharma could potentially use Paladin’s investment funds to acquire interests in other treatments for various epidemic/pandemic diseases including those that could intentionally be used for bioterrorism. Neupogen/Neulasta, one of the largest products in Royalty Pharma’s current collection is a critical key medical countermeasure in the nation’s defense against terrorism in the event of a nuclear or radiological attack, such as a dirty bomb. Importantly, the drug has been granted special approval by the FDA for deployment in the event of an emergency. Accordingly, the product is a vital tool in the defense of the nation, and is the only treatment currently held in the Strategic National Stockpile for treating Acute Radiation Sickness in the event of a mass casualty event. {top}
http://www.royaltypharma.com

Unitrends

Unitrends Security Corporation Inc., based in Columbia, South Carolina, provides disk-based backup appliances (replacements for existing tape backup devices) for small and medium businesses, as well as an online backup service to backup data over the public internet to a remote datacenter. These products and services enable businesses to recover a single file or an entire server rapidly in the event of a catastrophic loss. An entire server that is destroyed can be completely recreated and made operational on a new machine with no previously installed software in about an hour. As business processes and communications become increasingly dependent upon servers, the ability to recover quickly in the event of disaster is an important component of homeland security.{top}
http://www.unitrends.com