Ravi Sharma Named Chairman of the Board for Deeya Energy, Inc.

Ravi Sharma Named Chairman of the Board for Deeya Energy, Inc. 
FREMONT, CA and GURGAON, INDIA -- (Marketwired) -- 04/30/13 --  Deeya
Energy, Inc., a leader in stationary energy storage systems, today
announced that Ravi Sharma, a member of the global Board of
Directors, has been named the Non-Executive Chairman of the Board of
Sharma joined Deeya Energy's Board of Directors in late 2012,
bringing industry leadership and success in businesses in the energy
and telecommunications markets. Before joining Deeya Energy, he was
CEO of Adani Power Ltd, India's second largest private power
producer, CEO South Asia for Alcatel Lucent, and CEO of Videocon
Telecom, part of the diversified Videocon Group, as well as holding
other key industry management positions. He has also served on the
board of several public and private companies. 
"The appointment of Ravi Sharma as Chairman of Deeya Energy's Board
of Directors will greatly benefit the reach and strategy of our
business, given his deep expertise in our major growth areas and his
extensive experience in South Asia, the Middle East, and Africa
region," said Kelly Truman, President and CEO of Deeya Energy, Inc.  
Mr. Sharma said of his new role, "I am excited and honored to serve
in this new position. My focus will be on driving adoption and
accelerating global revenue growth for Deeya's breakthrough energy
Sharma went on to say, "This breakthrough energy solution is the
first of its kind and is currently being used in telecom tower sites.
It has proven to reduce diesel fuel consumption by more than 50% and
completely eliminate diesel generator use wherever grid power is
available for at least eight hours a day, providing huge operating
cost savings and a cleaner environment. In India alone telecom towers
consume more than 5 billion litres of diesel fuel annually to produce
power that is very polluting. The Deeya Energy solution could easily
be extended to railways, rural electrification and data centers,
helping these industries with more reliable power that is economical,
clean and green." 
Ravi Viswanathan, General Partner at NEA who serves on Deeya's Board
of Directors, said, "Ravi Sharma brings the right blend of technology
leadership and industry knowledge to this new role at 
the company. He
will be pivotal in leading Deeya Energy through its next growth phase
and beyond." 
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 NEA, Technology Partners, Blue Run, DFJ and
Element Partners.  
Contact Information:  
Deeya Energy
Himanshu Sahu 
Sr. Director, Global Marketing and Strategy
+91 124 3998500
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