Ravi Sharma Joins Deeya Energy’s Global Board as a Director

  Ravi Sharma Joins Deeya Energy’s Global Board as a Director

Business Wire

FREMONT, Calif. & NEW DELHI -- February 4, 2013

Deeya Energy, a leader in energy storage systems, today announced that Ravi
Sharma, a veteran in the Indian energy and telecom sectors, has joined its
global board of directors and will play a key role in the future growth of the
company.

As an industry leader, Sharma has nurtured and grown businesses in energy,
telecom and satellite technology companies over more than a decade now. Before
joining Deeya Energy, he was the CEO of Adani Power Ltd, India’s second
largest private power producer. He was also the CEO South Asia for Alcatel
Lucent, European telecom solutions giant and later Videocon Telecom, part of
the diversified Videocon Group. Sharma has held leadership roles at BT
(formerly British Telecom) and India’s UB Group, and has served on the board
of several public and private companies.

“Ravi brings deep industry experience to the company’s key growth areas. His
diverse expertise and strong track record across South Asia, the Middle East
and Africa at both startups and multinational companies will help us achieve
the next level of success. We are honored and privileged to have Ravi join the
team,” said J. Kelly Truman, Global President and CEO of Deeya Energy.

Commenting on his new position, Ravi Sharma, Director, Deeya Energy said,
“Deeya Energy offers a break-through and innovative technology that is set to
revolutionize the stationary energy storage market, estimated to be worth $500
billion globally. India’s energy needs are rising by leaps and bounds and the
country needs such break-through technologies to bridge the demand supply gap.
Deeya’s green technology will help India reduce its fuel subsidy bill and cut
operational expenses for industry which uses expensive diesel as a fuel.”

Sharma is an Electrical Engineer from Indian Institute of Technology, Roorkee
and holds a Masters in Business Administration from IMT, Ghaziabad, India. He
has worked closely with government and industry on strategic policy matters,
and has served as Co-Chairman of the Power Committee on the Federation of
Indian Chambers of Commerce and Industry and as Executive Chairman of the
Communication, Multimedia and Infrastructure Association of India.

Deeya Energy provides breakthrough energy storage technology, featuring
innovative flow battery technology, that reduces energy costs of industries up
to 70 percent by minimizing or even eliminating diesel generator use. It has
more than 60 patent applications and nine issued patents.

About Deeya Energy:

Deeya Energy is a leader in stationary energy storage using innovative flow
battery technology. Its proven Energy Storage Platform (ESP) transforms
rechargeable batteries from short-lived consumables to long-lasting capital
assets while reducing CO2 emissions. The ESP also helps companies reduce their
energy costs and operational expenses, while improving power reliability.
Deeya Energy is headquartered in Fremont, California, USA, with additional
operations in Gurgaon, India. The Company is backed by venture capital firms
including Technology Partners, NEA, BlueRun Ventures, DFJ and Element
Partners. For more information, visit http://www.deeyaenergy.com.

Contact:

Deeya Energy
Himanshu Sahu, +91 124 3998500
Sr. Director, Global Marketing and Strategy
media@deeyaenergy.com
www.deeyaenergy.com
or
Adfactors PR
Anuj Bakshi, +91 11 4056 5100
Account Manager
Mobile: +91 97 1130 6879
anuj.bakshi@adfactorspr.com
www.adfactorspr.com