Roger W. Gale and Elon Kohlberg Join Ormat Technologies' Board of Directors
31 Outubro 2005 - 11:49AM
PR Newswire (US)
SPARKS, Nev., Oct. 31 /PRNewswire-FirstCall/ -- Ormat Technologies,
Inc. (NYSE:ORA) today announced the appointment of two new
independent directors to its Board: Roger W. Gale, President and
CEO of GF Energy, LLC, and Elon Kohlberg, Royal Little Professor of
Business Administration, Harvard Business School. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO ) Mr. Gale
will serve as a member of the Audit Committee and Mr. Kohlberg will
become a member of the Nominating and Corporate Governance
Committee of Ormat Technologies, thereby replacing departed Board
member Edward Muller. "We are very happy to have Roger Gale and
Elon Kohlberg on our company's Board. Their expertise in the energy
and financial fields will further enhance Ormat's already strong
Board," said Dita Bronicki, President and Chief Executive Officer
of Ormat. "We look forward to working with Roger and Elon to build
upon our successes and believe their experience and vision will
help Ormat execute its strategy and strengthen the Company's
position in the growing Geothermal and Renewable energy business."
Gale, Ph.D, was previously with PA Consulting Group's global energy
practice and chaired the firm's Western Hemisphere region. He was
also Director of External Affairs for the US Federal Energy
Regulatory Commission, and held other federal government positions.
He is currently a director at the US Energy Association and the
Consumer Energy Council of America and was a director of
Constellation Energy. Elon Kohlberg, Ph.D., is a professor at
Harvard Business School and teaches classes in Harvard's M.B.A.,
Ph.D. and executive programs. He currently serves on the Board of
Directors of Teva North America and Medinol. About Ormat
Technologies Ormat Technologies, Inc. is a vertically integrated
company primarily engaged in the geothermal and recovered energy
power business. The Company designs, develops, builds, owns and
operates geothermal power plants. It also designs, develops and
builds, and plans to own and operate, recovered energy-based power
plants. Additionally, the Company designs, manufactures and sells
geothermal and recovered energy power units and other power
generating equipment, and provides related services. Ormat products
and systems are covered by more than 70 patents. Ormat currently
has operations in the United States, Israel, the Philippines,
Guatemala, Kenya, and Nicaragua. Safe Harbor Statement Information
provided in this press release may contain statements relating to
current expectations, estimates, forecasts and projections about
future events that are "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally relate to Ormat's plans,
objectives and expectations for future operations and are based
upon its management's current estimates and projections of future
results or trends. Actual future results may differ materially from
those projected as a result of certain risks and uncertainties. For
a discussion of such risks and uncertainties, see "Risk Factors" as
described in Ormat's Annual Report on Form 10-K/A filed with the
Securities and Exchange Commission on April 12, 2005. These
forward-looking statements are made only as of the date hereof, and
we undertake no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise. Ormat Technologies Contact: Investor Relations
Contact Dita Bronicki Jeff Corbin/Todd Fromer CEO and President
KCSA Worldwide +1-775-356-9029 212-896-1214/212-896-1215 /
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO
DATASOURCE: Ormat Technologies, Inc. CONTACT: Dita Bronicki, CEO
and President, of Ormat Technologies, +1-775-356-9029, ; or Jeff
Corbin, +1-212-896-1214, ; or Todd Fromer, +1-212-896-1215, , both
Investor Relations of KCSA Worldwide Web site:
http://www.ormat.com/
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