Tegal Corporation (NASDAQ: TGAL) today announced that Sequel Power, its portfolio company dedicated to the development and operation of large scale photovoltaic (PV)-based solar utility projects, has established a strategic alliance with Table Rock Capital (TRC), an independent private equity fund manager focusing on investments in infrastructure assets located in the U.S. and other OECD countries.

The alliance is designed to accelerate the development of several utility-scale projects currently in Sequel Power’s pipeline. Currently, Sequel Power has more than a dozen active projects with major partners in various stages of analyzing and developing solar utilities in six different countries within the global sunbelt. TRC, which has financed, developed and managed more than 200 large-scale energy projects, is focusing initially on Sequel Power’s projects in the Americas.

“This partnership brings together the proven investment capabilities of TRC, the innovative utility-scale development approach of Sequel Power and several decades of capital equipment expertise of Tegal,” said Thomas Mika, Tegal’s President and Chief Executive Officer. “We expect the combination of all these attributes to provide a significant value to Sequel Power projects for years to come.”

“Sequel Power’s growing pipeline is largely made up of PV-based utility-scale solar projects of 1,000+ megawatts (1GW) – all of which are designed to be cost-competitive with conventional energy sources,” said Sequel Power President and Chief Executive Officer Ferdinand Seemann. “At that scale, there are few partners who have the financial and technological capabilities of TRC. We are extremely pleased to be joining forces with TRC on some of the most important solar power initiatives in the world.”

TRC invests in Brownfield, Rehabilitative Brownfield and Greenfield transactions within its targeted sectors, which include transportation, social infrastructure, water and waste treatment, energy and communications. San Francisco-based TRC was formed to capitalize on the significant experience of its management team, which has been sourcing, evaluating, structuring, managing and divesting infrastructure investments for more than three decades.

“TRC has a long, successful track record in asset formation, capitalization and management of substantial infrastructure investments,” said Peter Luchetti, Managing Partner of TRC. “Sequel Power’s large, utility-scale solar power projects have extraordinary potential, and they are an excellent fit for TRC.”

About Tegal

Since its founding in 1972, Tegal Corporation has been dedicated to the development and application of emerging technologies. Often on the forefront of major inventions, Tegal’s process and capital equipment know-how enabled the development and manufacturing of leading-edge devices – from early microprocessors to advanced memory and LEDs, as well as to newest filtering and sensing devices that are present in the most advanced smart phones. Through its recent investment in Sequel Power, Tegal is engaged in the promotion of solar power plant development projects worldwide and other renewable energy projects. In addition, Tegal is actively evaluating opportunities for partnerships with other diversified technology-based companies in order to exploit our shared experience and to enhance our value as a public company. Tegal is headquartered in Petaluma, California. Please visit us on the web at www.tegal.com.

About Sequel Power

In 2011, Tegal formed, along with Se2quel Partners LLC, a new company dedicated to the development and operation of large scale photovoltaic (PV)-based solar utilities in the United States, Latin America, the Middle East and Africa. Currently, Sequel Power has more than a dozen active projects in six countries with major partners in various stages of analyzing and developing solar utilities. More information may be obtained at www.sequelpower.com.

About Table Rock Capital

Table Rock Capital (TRC) is an independent private equity fund manager focusing on investments in infrastructure assets located in the U.S. and other OECD countries. More information may be obtained at www.t-rockcap.com.

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