Ormat Technologies Announces Resignation of Director Elon Kohlberg
29 Janeiro 2007 - 11:12AM
PR Newswire (US)
RENO, Nev., Jan. 29 /PRNewswire-FirstCall/ -- Ormat Technologies,
Inc. (NYSE:ORA) today announced the resignation of Elon Kohlberg as
a member of the Company's Board of Directors, effective January 26,
2007. Professor Kohlberg also had been a member of the Nominating
and Corporate Governance Committee of the Company. Professor
Kohlberg advised the Company that his resignation is driven by his
need to devote more time to his teaching and research commitments.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO )
The Company plans to fill Professor Kohlberg's board seat with
another independent director within the next few weeks. Dita
Bronicki, Chief Executive Officer of Ormat, stated: "We thank and
appreciate Elon Kohlberg for the time he served on our Board and
wish him continued success in his academic and teaching career."
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. Ormat is a
pioneer in Organic Rankine Cycle (ORC) technology and a leader in
the manufacture of ORC power equipment. It also designs, develops
and builds, and owns and operates, 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 approximately 70 patents.
Ormat currently operates the following geothermal power plants: in
the United States -- Brady, Heber, Mammoth, Ormesa, Puna and
Steamboat; in the Philippines -- Leyte; in Guatemala -- Zunil; in
Kenya -- Olkaria; and in Nicaragua -- Momotombo. In the U.S., Ormat
owns and operates four OREG1 Recovered Energy Generation plants.
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
Technologies, Inc.'s Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 28, 2006 and the
Prospectus Supplements filed with the Securities and Exchange
Commission on April 5 and December 14, 2006. 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 Todd Fromer / Marybeth Csaby CEO and President KCSA
Worldwide +1-775-356-9029 +212-896-1215 / 212-896-1236 /
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO
DATASOURCE: Ormat Technologies, Inc. CONTACT: Dita Bronicki, CEO
and President, Ormat Technologies, +1-775-356-9029, ; Investor
Relations, Todd Fromer, +1-212-896-1215, , or Marybeth Csaby,
+1-212-896-1236, , both of KCSA Worldwide Web site:
http://www.ormat.com/
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