JSR Expands Green Energy/Smart Technology Practice by Signing a Joint Development Agreement with Capstone Metering LLC

New water meter incorporates lithium ion capacitor technology to expand features

SUNNYVALE, CA – Nov. 29, 2011- JSR Corporation, along with its US operations, JSR Micro, Inc, and Japan-based subsidiary JM Energy Corporation, announced today that it has signed a Joint Development Agreement with Capstone Metering LLC, a Texas-based technology company that is changing the way global water industries think about managing, controlling and conserving water.

Through this agreement, the JSR group companies will provide an innovative lithium ion capacitor (LIC) electrical energy storage device, resulting in an improved power capture rate compared to conventional batteries.

For more than a decade, JSR has continually worked to expand our green and smart technology capabilities,” said Nobu Koshiba, president of JSR. “Capstone Metering is a great example of a company that has an innovative, game-changing technology and the specific industry expertise to build a thriving business around that technology.”

Capstone’s IntelliHzO@ water meter’s current features include remote on/off capability, two-way communications, pressure sensing and reporting, self-calibration, remote communication, and self-power generation.

“This new storage device is better suited to the uneven flow rate of the water meter, allowing quicker charging with more voltage than a conventional battery,” said James Rice, Chief Operations Oflicer of Capstone. “With our power generatoq coupled with the ability to capture more energy, our next generation meter will provide more features than ever before.”

About JSR Corporation:

Tokyo-based JSR Corporation is an advanced manufacturer of high-performance chemicals. JSR operates a wide array of global businesses ranging from petrochemicals, including synthetic rubber, to cutting-edge information processing and electronic materials, including the manufacture of semiconductor and liquid crystal display materials. For further growth, JSR is focusing on the full scale launch of its Strategic Businesses, including precision materials and processing, environment and energy, and biomedical materials.

ABOUT CAPSTONE:

Capstone Metering LLC (“Capstone”) is a Texas-based technology company that is changing the way that global water industries think about managing, controlling and conserving water by creating dialogue about the significant value of water and how industry-changing advances in technology can raise water conservation awareness.

Founded in 2006 by a team of individuals with rich wireless technology backgrounds in the water industry, Capstone’s roots lie in the development of remote, distributed wireless communications networks. For more information on Capstone Metering, please go to www.capstonemetering.com.