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Power Analytics Names Michael Nark President and Chief Executive Officer
[August 29, 2012]

Power Analytics Names Michael Nark President and Chief Executive Officer

SAN DIEGO --(Business Wire)--

Power Analytics™ today announced its Board of Directors has named Michael J. Nark as the Company's new President and Chief Executive Officer effective Aug. 22, 2012. Mr. Nark will also serve on the Board of Directors of the Company. He succeeds Mark A. Ascolese who has served as CEO since 2008. The Company has elevated Mr. Ascolese to the position of Executive Chairman of the Board.

Mr. Nark brings extensive experience in sales, marketing and operations for software and technology-enabled service delivery businesses. Prior to joining Power Analytics, Mr. Nark was President and CEO of Prenova, a privately-held technology-enabled energy management services provider to the commercial and industrial marketplace. Before Prenova he was President and CEO of GEOCOMtms, providing fleet management software solutions to the oil and gas markets. He has also served as Senior Vice President of Worldwide Sales Operations for Datastream, an enterprise asset managment software solutions provider to mission critical markets (now part of Infor), and Executive Director of Sales Operations for Honeywell (News - Alert) International. Mr. Nark holds a B.S. in engineering from Miami University of Ohio.

"We are extremely pleased to have Michael join Power Analytics as our new President and CEO. His strong entrepreneurial skills and experience in power and energy markets make him the perfect person to lead us to the next level of growth," said Mr. Ascolese, Executive Chairman of Power Analytics' Board of Directors. "He has a keen understanding of how our software applications and solutions can reduce our customers' power and energy-related spending and how we can best bring these solutions to market."

About Power Analytics Corporation


Used by the power industry for more than 25 years, Power Analytics' software solutions have surged to the forefront of the electrical system planning, operation and smart grid market space for use in energy intensive, mission-critical facilities and microgrids. Paladin products currently protect more than $100 billion in customer assets including financial data centers, air traffic control sites, military installations, deep sea oil platforms, and power generation and distribution facilities. The company is headquartered in San Diego, Calif. and has a smart grid center of excellence in Raleigh, N.C.

Paladin, Paladin DesignBase, Paladin Live, Paladin SmartGrid, and Power Analytics are trademarks of Power Analytics Corporation. For more information about Power Analytics and its products, visit www.PowerAnalytics.com.


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