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 Directors. 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 solution." 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 email@example.com www.deeyaenergy.com
Ravi Sharma Named Chairman of the Board for Deeya Energy, Inc.