Piper Jaffray Appoints Doug Cameron to Boost Global Leadership in Renewable Energy and Clean Technology

Piper Jaffray, a global leader in renewable energy and clean technology, announced today the addition of one of the leading figures in this emerging industry, Doug Cameron, as managing director and chief science advisor. Cameron formerly served as the chief scientific officer at Khosla Ventures and was director of biotechnology at Cargill. He will work with Lois Quam, leader of strategic investing for green economy and health at Piper Jaffray, in building the firm’s global franchise in renewable energy and clean technology. "The creation and growth of companies in the green economy is the economic opportunity of our lifetime,” said Quam. "Doug operates in all the scientific and business areas related to this space. Together, we will deliver on the full breadth of opportunities in energy efficiency, clean technology and renewable energy businesses. These opportunities are driven by multiple, enduring and inter-related factors: oil supply and price issues, climate change, government actions, consumer and business demand, and world population growth.” At Piper Jaffray, Cameron will work with the firm’s industry-leading clean technology and renewable energy investment banking team in the origination and diligence of global opportunities. He will also explore alternative investments and other opportunities for the firm. "Doug’s unique position as a scientist and business person who has worked in this industry since its creation is a remarkable asset for Piper Jaffray,” said Murray Huneke, co-head of investment banking at Piper Jaffray & Co. "His experience in China and other global settings provides a great benefit to us given our significant investment banking business in clean technology and renewable energy in China. His expertise will also allow us to assist our clients in traditional industry sectors who are seeking to respond to the environmental and natural resource imperatives they face.” Cameron received his bachelor’s degree in biomedical engineering from Duke University and Ph.D. in biochemical engineering from the Massachusetts Institute of Technology. He will start with Piper Jaffray on Aug. 11 and will be based in Minneapolis. "I am delighted to join a global financial services firm with a long history, breadth of offerings, and thought leadership in renewable energy and clean technology,” said Cameron. "I look forward to working with my colleagues to achieve the full potential of this space and enhance the firm’s global leadership.” Piper Jaffray & Co. has been the number one U.S clean technology underwriter since 2006(a) and boasts an international clean technology and renewables team that stretches from Asia to Europe to the United States and includes project finance, investment banking, research, and sales and trading professionals. In addition, the firm’s private capital team launched the first U.S.-based clean technology fund of funds in 2005. Cameron’s appointment follows the hiring of Michael Covington as the head of Piper Jaffray Ltd’s European clean technology and renewables investment banking earlier this year. (a) Source: Thompson Financial. Ranked by number of deals as of 12/5/2007 About Piper Jaffray Piper Jaffray Companies (NYSE: PJC) is a leading, international middle-market investment bank and institutional securities firm, serving the needs of middle-market corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, Piper Jaffray provides a comprehensive set of products and services, including equity and debt capital markets products; public finance services; mergers and acquisitions advisory services; high-yield and structured products; institutional equity and fixed-income sales and trading; and equity and high-yield research. With headquarters in Minneapolis, Piper Jaffray has 25 offices across the United States and international locations in London, Hong Kong, and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (http://www.piperjaffray.com) © 2008 Piper Jaffray & Co., 800 Nicollet Mall, Suite 800, Minneapolis, Minnesota 55402-7020