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NEW YORK — Oct. 16, 2006—Piper Jaffray & Co. is pleased to announce it will host its second annual Opportunities in Solar and Cleantech Symposium Feb. 21, 2007, in New York. The one-day symposium will feature presentations by more than 30 companies covering issues and trends in the solar and cleantech industry. Last year, the first symposium of its kind, dedicated toward the industry, included management presentations by 21 of the leading solar power and cleantech companies and drew more than 400 attendees for the one-day event.

“We look forward to hosting the symposium and providing clients with unique insight into ways to invest in this emerging growth industry,” said Jesse Pichel, senior research analyst at Piper Jaffray, where he covers technology growth companies with a focus on solar power and clean technology. “Solar power has the wind at its back with respect to public support, government subsidy, and technology and cost improvements. We anticipate that solar industry units will exceed semiconductor industry units in 2008.”

Some of the companies that presented last year included: BP Solar International (subsidiary of BP), Conenergy AG, DayStar Technologies, Emcore Corp., Energy Conversion Devices, ErSol Energy AG, Evergreen Solar, Inc., Konarka Technologies, Inc., LDK Solar Hi-Tech Co. Ltd., Magnetek, Inc., MEMC Electronic Materials, Inc., Nanosolar, Inc., PowerLight Corp., Solaicx, Solar Integrated Technology, SOLON AG, Spire Corporation, SunPower Corp., Suntech Power Holdings Co., and Xantrex Technology. Company and investor participation in the Opportunities in Solar Power and Cleantech Symposium is by invitation only. Clients interested in attending should contact their Piper Jaffray representative. Members of the media who would like to attend should contact Susan Beatty at 612 303-5680 or susan.l.beatty@pjc.com.

About Piper Jaffray,br> Piper Jaffray Companies 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, Madrid and Shanghai. Piper Jaffray & Co. is the firm's principal operating subsidiary. (NYSE: PJC; http://www.piperjaffray.com )

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C O N T A C T
Susan Beatty
Media Relations
Piper Jaffray & Co.
Tel: 612 303-5680