Konarka Named to AlwaysOn™ List of Top 100 Private Companies for Second Consecutive Year

Photovoltaic Innovator Again Honored for Its Top Performance

Lowell, Mass. – July 13, 2004 – Konarka Technologies, Inc., an innovator in developing and manufacturing breakthrough products that convert light to energy, today announced its inclusion in the AlwaysOn (AO) Top 100 Private Companies list for the second consecutive year. AlwaysOn, an open source media company focused on technology and business innovation, and KPMG's emerging business practice, KPMG 1Start, compiled the second-annual AO100 list. The two groups surveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, who nominated more than 700 companies to determine the AO100 winners. The full list of winners can be found at http://www.alwayson-network.com. AlwaysOn and KPMG 1Start identified the 2004 AO100 companies based on their demonstrated leadership and innovation in two key areas: market traction measured by revenue or customer growth and new approaches and technologies that are likely to cause significant change to existing markets and well-established players. “Private company innovation is incredibly strong and continues to flourish. Over 50 of last year's AO100 companies returned to this year's list and 50 new companies have been selected that are well positioned to significantly contribute to the second generation of the Internet,” notes Tony Perkins, AlwaysOn founder. “Konarka is using its unique photovoltaic nanotechnology to create sources of renewable power for the next generation of communications devices,” said Howard Berke, chairman and CEO, Konarka. “We're meeting an expanding need, and as a result, growing our business, attracting new customers and disrupting the market by enabling manufacturers to offer truly wireless devices. This second, consecutive AO100 award is particularly gratifying to our team as it recognizes the leadership position we've established for ourselves.” AO100 winners will be honored at a reception on Tuesday, July 13, 2004 at the AlwaysOn Innovation Summit, taking place July 13-15 at the Frances C. Arrillaga Alumni Center on the Stanford University Campus. The event will feature more than 60 keynote-level speakers, 15 sessions, 30 CEO pitches and two days of conversation about what's driving the next wave of innovation. Konarka Chairman and CEO Howard Berke will present a CEO pitch on Thursday, July 15, at 9:45 a.m. PDT. For more information, visit http://www.alwayson-network.com/events.

About Konarka Technologies, Inc. Konarka builds products that convert light to energy - anywhere. Konarka is the leading developer of polymer photovoltaic products that provide a source of renewable power in a variety of form factors for commercial, industrial, government and consumer applications. Konarka's photovoltaic nanotechnology is focused on delivering lightweight, flexible, scalable and manufacturable products. Konarka has a broad portfolio of patents, technology licenses and an accomplished technical team. Nobel Laureate Professor Alan Heeger (UC Santa Barbara) is a chief scientist for Konarka and Dr. Michael Grätzel (Ecole Polytechnic Fédérale de Lausanne) is a senior scientific advisor. Konarka Technologies is headquartered in Lowell, Mass., U.S.A., and has subsidiaries in Austria and Switzerland. For more information, visit http://www.konarka.com or contact Tracy Wemett, BroadPR, at 617-868-5031 or .

About AlwaysOn AlwaysOn (AO) is an “open source media company” dedicated to connecting global leaders and technology industry insiders whose ideas and innovations are shaping the always-on world. Founded in January of 2003, AO is the first and only media brand to combine participatory journalism (blogging), with a powerful social network-the AO Zaibatsu. AO believes that individuals and businesses will increasingly use interactive media applications to “step over the head of the media” and communicate directly to customers, suppliers and employees. AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.