FitzsimonsRedevelopmentAuthorityOpensNewAcceleratorFacility,SignificantlyExpanding CapabilitiesatitsBioscienceParkCenterintheFitzsimonsLifeScienceDistrict

FitzsimonsRedevelopmentAuthority(FRA)opensitsnew$8millionAcceleratorfacilitytoday,expandingits BioscienceParkCenter(BPC)byroughly50%withthisstateoftheart37,000squarefootstructure.Thenew acceleratorspaceisleasingtoexistingtenantsgraduatingfromtheadjacentIncubatorBuildingandothercompanies inthegrowthstage. Aurora,CO,August22,2012 FitzsimonsRedevelopmentAuthority(FRA)officiallyopensitsnew$8million,37,000 squarefootAcceleratorBuildingtoday,adjacenttoitsoriginalIncubatorBuildingattheBioscienceParkCenter(BCP)in theFitzsimonsLifeScienceDistrict.TheannouncementismadebySteveVanNurden,FRAPresident&CEO,whosays, "TheadditionofthisAcceleratorwilloffercompaniesgrowingintheIncubatoranopportunitytoexpandandcontinue theirexpansionnearby." TheFRA'soriginalIncubatorBuildingopenedin2000andnowhouses35companiesindifferentstagesofdevelopment. Theexpansionwillenablecompaniestomoveintolarger,longtermspace.Thenewspaceincludes: Builttosuitspaceswithaccesstoincubatorservicesandamenities Worldclassresourcesatyourfingertipsuniversityresearchfacilitiesandmajormedicalcenters Collaborativeenvironmentwithcomplimentarybusinessandnetworkingopportunities

"TheBioscienceParkCenterisdesignedtofosteracollaborativeenvironmentbyhavingestablishedcompaniesin closeproximitytoincubatorstartupsfurtherpromotinganessentialatmospherethatmakestheFitzsimonsLife ScienceDistrictanimportanthubintheoverallgrowthofColoradosbioscienceindustry,"VanNurdenexplains. "CompaniesrelocatingtotheAcceleratorinclude:Mitomics,TouchofLifeTechnologies,LightLabsandGreffex." ConcurrentwiththeAccelerator'scompletion,JonesLangLaSalle(JLL)hasbeenretainedbytheFRAtomarketitsnew facilityadjacenttotheBusinessIncubator.Speakingonbehalfofthenationalfirm,JLLBrokerLindsayGilbertsays, "Colorado'sBioscienceIndustryispoisedforgrowth,particularlyattheresearchandpatientcentriclifesciencesdistrict atFitzsimons.OurfirmisthrilledtobepartneringwithFitzsimonsRedevelopmentAuthorityatthistimeofexplosive growthforthedistrict." Amplifyingtheimportanceofthedistrict,DonaldM.Elliman,Jr.,FRABoardMemberandChancelloroftheUniversityof ColoradoDenver,wasrecentlyquotedintheDenverPostsaying:"ThelandnorthofMontviewontheFitzsimons propertyrepresentsoneofthegreateconomicdevelopmentopportunitiesinColorado,maybethegreatestinthe state."Visit:http://www.denverpost.com/search/ci_18108184. AboutFRAPresident/CEOSteveVanNurden Followinganextensivenationalsearch,FitzsimonsRedevelopmentAuthority(FRA)namedSteveVanNurdenasitsnew PresidentandChiefExecutiveOfficer,inMarch2012.HetookovertheofficeinlateMay.Theannouncementwasmade byJohnM.Shaw,ChairoftheFRABoardofDirectors,whosaid:"Steve,aseasonedleaderinthelifescience/bioscience space,comestousfromMayoClinicinRochester,Minnesota."TheappointmentofVanNurdenisfurtherevidenceof theFRA'scontinuedcommitmenttosupportthedevelopmentoflifesciencecompaniesinColoradoinpartnershipwith theStatesresearchinstitutions.Hewillbeworkingwithuniversities,localeconomicdevelopmentagencies,stateand localgovernments,andthebioscienceindustrytopromotethesuccessfuldevelopmentofthe180acreColorado Science+TechnologyPark,whichisadjacenttotheUniversityofColoradosAnschutzMedicalCampusinAurora. More

Page2 SteveHogan,MayoroftheCityofAuroraandFRABoardmemberstatedatthetimeofVanNurden'sappointment, Steveisthepartnerweneedtofulfillthepromiseofthebioscienceindustrypark.Hisworkingrelationshipsspan nationallyandinternationally,whichwillbeagreatadvantageforus. VanNurdencametotheFRAfromMayoClinicVentures,theinventionarmforMayoClinic.Underhisdirection,this divisionwasresponsibleforpatentingandcommercializingMayosdiscoveries,inventionsandotherintellectual property.UndertheguidanceofVanNurden,Mayostechnologybasedventureseffortsresultedintheformationof45+ MayoClinicstartupcompanies.PriortojoiningtheMayoClinic,VanNurdensindustryexperienceincluded managementpositionsatCargill,Inc.,USBank,andAerodromeAirlineServices,Inc.VanNurdenholdsdegreesin AccountingandFinanceandaMastersDegreeinBusinessAdministration. BruceBenson,PresidentoftheUniversityofColoradoandamemberoftheFRABoard,commentedontheappointment bystatingStevehasthesophisticatedunderstandingofthelinkagebetweenouroutstandingresearchprogramsand thetranslationofnewdiscoveriesintonewdrugs,devices,andtherapies.WehavealwaysenvisionedtheFRAasakey partnerinourcommercializationeffortsandStevebringstheperfectbackgroundtomakethispartnershipsuccessful. AbouttheColoradoScience+TechnologyPark TheColoradoScience+TechnologyParkisthecenterofTheFitzsimonsLifeScienceDistrict,oneofthenationslargest biosciencedevelopmentsandtheheartofColorado'sbiosciencecommunity.TheDistrictoffersafullrangeofpurchase, leaseandbuildtosuitopportunitiesforworldclassresearch,resourcesandfacilitiesina184acre,walkable environmentfeaturingopenspaceandotheramenitiesdesignedtoenhancethequalityoflifeforemployersandtheir employees. AboutFitzsimonsRedevelopmentAuthority TheFRAdirectsthecommercialdevelopmentsintheFitzsimonsLifeScienceDistrict,alongwithitspartner,ForestCity Science+TechnologyGroup.Inthisrole,theFRAisdedicatedtoprovidinglifesciencecompanies:anenvironment wheretheycanthrive;successenhancingresourcesliketheDistrictsbusinessincubatorandacceleratorfacilities;and servicesthathelpformconnectionsbetweenprivateindustryandtheUniversityofColorado.AurorasFitzsimonsLife ScienceDistrictisbecomingwhatitsfoundersenvisioned:afunctioningcommunitythatdirectlysupportsthehealthand wellbeingoflifesciencecompanies.Formoreinformation,visit:http://www.fitzscience.com. ### Contacts: VickiJenings,CPM,FRADirectorofBusinessRelationshttp://www.fitzscience.com7208594108 vjenings@colobio.com MaggieChamberlinHolben,APR,AbsolutelyPRhttp://www.absolutelypr.com3039849801 maggie@absolutelypr.com