WebGen Systems Named Finalist of SBANE’S 2005 New England Innovation Awards

Cambridge, Mass., (May 4, 2005) – WebGen Systems, Inc., provider of advanced software for energy conservation and control in commercial buildings, announced today that its Intelligent Use of Energy (IUE ®) system has been selected as a finalist for the New England Innovation Award 2005 presented by SBNA.

With its prestigious New England Innovations Awards program, SBANE recognizes companies that are not merely successful, but whose success is due to innovation and leadership. Since 1986, more than 100 companies have been honored, representing the many different faces of innovation. In 2005, a total of seventeen finalists were selected among more than 150 New England Companies that have either received or been nominated to receive an award for their innovation and thought leadership. W inners of these awards will be announced at the SBANE’s gala event, Evening Of Innovation, this Wednesday, May 11, 2005, in Newton, Massachusetts.

“In recent years, SBANE has bestowed its Innovation Award upon some of the most prestigious and innovative firms across a variety of industries,” said Mark Noyes, president and CEO, WebGen Systems “We are honored that SBANE has chosen to include us as a finalist for this year’s New England Innovation Award.”

WebGen flagship product, Intelligent Use of Energy (IUE), provides building owners and managers with a predictive, automated energy management solution that applies best practices in energy management, including precise forecasting tools, to measure and optimize energy consumption. This results in reduced energy costs and improved energy efficiency while also maintaining the comfort of the building occupants.

About WebGen Systems, Inc.

Headquartered in Cambridge, Mass., WebGen Systems, Inc. provides advanced software for energy conservation and control in commercial buildings. WebGen combines the highest level of industry expertise with a reliable suite of open-protocol software tools, called IUE ®, to provide real-time command of energy use to generate savings. Its system connects all aspects of building energy management to automatically measure, monitor, and control energy consumption - building by building, system by system, meter by meter, and device by device. WebGen offers the most effective Enterprise Energy Management solution on the market today. Additional information can be found on the company website: www.webgensystems.com

Contact:

Selly Kruthoffer

WebGen Systems Inc.

617-349-0724

skruthoffer@webgensystems.com