“Increasing our ownership in Dow Kokam will allow us to bring our market expertise and resources to this business in a way we couldn’t do before,” said Dennis Townsend, chief executive officer of Townsend Ventures. “The acquisition is a strategic fit with our other battery investments, allowing us to leverage complimentary technologies to position Dow Kokam as a leader in the emerging large-scale energy storage market.”The remaining interests in Dow Kokam are held by TK Advanced Battery LLC (a Townsend affiliate), KA Founders LLC, and Groupe Industriel Marcel Dassault. In addition to Dow Kokam, Townsend Ventures also has investments in other related businesses, including Energy Power Systems and AllCell Technologies. About Dow Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2012, Dow had annual sales of approximately $57 billion and employed approximately 54,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com. About Townsend Ventures Townsend Ventures is a private investment firm based in Maryland. For over thirty-five years Townsend Ventures and its affiliated companies have successfully invested in a broad spectrum of real estate and operating companies. The company’s investment strategy is based on leveraging the technologies of its various companies to greatly enhance the value proposition to its customers in the global energy storage market. More information about Townsend Ventures can be found at www.TownsendVentures.com.