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Toyota Tsusho America Joins Pangaea Ventures as a Strategic Limited Partner.

Toyota Tsusho America, Inc. has invested in Pangaea Ventures Fund II, LP, an advanced materials venture fund based in Vancouver, British Columbia. Toyota Tsusho America is participating as a strategic limited partner in the fund, joining BASF, Solvay and Ciba Specialty Chemicals.

"Toyota Tsusho America is committed to expanding its technology business development efforts in North America" according to Takashi Hasegawa, President and CEO of Toyota Tsusho America. He added, "We believe Pangaea’s expertise in advanced materials investing and strong deal flow will provide a window into key, early-stage advanced materials sectors while complimenting our in-house efforts." Peter Bastien of Toyota Tsusho America’s Technology Business Development Group, will join Pangaea’s Advisory Board.

Chris Erickson, Principal of Pangaea Ventures commented, "I believe that Pangaea’s focus on early stage advanced materials and clean technology companies is a perfect fit with the business strategy of Toyota Tsusho America."

About Toyota Tsusho America, Inc.
Over the past four decades, Toyota Tsusho America has evolved from a trader in a limited number of commodities and finished goods to a multi-business enterprise with expanded capabilities and a broadened experience base. Toyota Tsusho America maintains seven operating divisions: Metals; Automotive; Machinery, Electronics and Auto Parts; Chemicals and Plastics; Logistics and Manufacturing Support; Food and Agricultural Products; and Consumer Products, Services and Automotive Materials. These operating divisions pursue a broad range of activities which combine international trading functions with domestic source and supply activities, supply chain and logistics services, and processing and manufacturing functions in both the industrial and consumer sectors.

About Pangaea Ventures
Pangaea Ventures invests early-stage cleantech and advanced material companies. Pangaea Ventures believes that breakthroughs in advanced materials are critical for the continued growth of clean technology and many other large markets. It has offices in Vancouver and New Jersey and makes investments across the United States and Canada. Pangaea Ventures manages two funds.

For more information regarding Toyota Tsusho America and its investment in the Pangaea fund, please contact Mr. Peter Bastien at peter_bastien@taiamerica.com..