June 1, 2011

Start-Up Veteran Joins Polaris and Tata-Backed MIT Spin-Out Focused on Clean Energy Technology Development

CAMBRIDGE, Mass., June 1, 2011 - Sun Catalytix Corporation, an energy storage and renewable fuels company, today announced that Mike Decelle has joined the company as its president and chief executive officer. Mr. Decelle’s extensive business and technical experience will play a crucial role in leading the company through its next phase of technology development and commercialization.

“As we make the important transition in the company from scientific leadership to technology development, we are uniquely fortunate to have attracted a leader of Mike Decelle’s caliber and experience. Mike shares our vision for transforming our energy infrastructure by making renewable fuels a viable alternative,” said Art Goldstein, chairman of Sun Catalytix and chairman and CEO Emeritus of Ionics, Inc.

Mr. Decelle was most recently CEO of LumenZ, a Boston-based, venture capital- backed start-up developing next-generation LEDs for the illumination industry. Previously, Mr. Decelle was CEO of three other companies developing breakthrough technologies for the photonics industry: NoblePeak Vision, Apogee Photonics and ASIP. These companies have raised more than $50 million in financing and achieved product sales exceeding $100 million. Mr. Decelle started his career as a member of the technical staff at AT&T Bell Labs, eventually becoming a senior executive at Lucent Technologies, leading some of the company’s largest sales teams and lines of business.

“Sun Catalytix’ breakthrough technology has the potential to dramatically change the game by providing cheap, highly available renewable energy,” said Decelle. “I am impressed by the depth and breadth of the team at Sun Catalytix and look forward to leading the company as it continues its progression toward commercialization.”

Added Daniel Nocera, the Henry Dreyfus Professor of Energy and Professor of Chemistry at MIT and founder of Sun Catalytix, “We have demonstrated the feasibility of a cheap and reliable means of capturing and storing the energy from the sun using low-cost, earth-abundant materials. Sun Catalytix, with the added leadership provided by Mike Decelle, will commercialize this discovery to provide to the world a source of inexpensive, distributed and highly available renewable energy.”