Despatch Industries Expands US Headquarters Due to Growth

Minneapolis, Minn., - October 13, 2008 – Despatch Industries, a US-based clean technology company providing equipment and process technology for the solar and composite materials markets, is expanding its Minneapolis, Minnesota headquarters to accommodate the rapid growth of its global business.

"Our growth over the past several years has been phenomenal," states Despatch CEO Patrick Peyton. "During a time when many other companies are scaling back, we are glad to have a solid global business that is continuing to expand. Lack of space for employees due to steady growth is an issue we are happy to deal with."

In recent years Despatch has significantly expanded its business on a global scale, adding satellite offices in Berlin, Germany; Shanghai, China; Singapore and Taipei, Taiwan. Demand for Despatch products in the global solar and composite materials markets keep expansion steady at all of the company's locations worldwide. Despatch's headquarters will remain in Minneapolis. The company has leased additional office space near the home office to provide sufficient working space for all employees.

Through innovative clean technology solutions Despatch is playing a significant role in the effort to positively affect climate change. Despatch partners with leading solar manufacturers to provide the tools and technical expertise required for processing highly efficient, low cost solar cells. Carbon fiber manufacturers around the world are using Despatch technology to produce super-strong, lightweight composite material for use in fuel efficient vehicles and aerospace and wind energy applications. Despatch is driven by the challenge of providing advanced technology solutions for a sustainable future.

For more information on Despatch visit our website: www.despatch.com