[February 04, 2013]

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

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 (News - Alert), 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, GlobalPresident 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 (News - Alert), DFJ and Element Partners. For more information, visit http://www.deeyaenergy.com.

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