Ormat Technologies -- Jacob J. Worenklein to Step Down from Board of Directors on March 31, 2010
20 Janeiro 2010 - 7:09AM
PR Newswire (US)
RENO, Nev., Jan. 20 /PRNewswire-FirstCall/ -- Ormat Technologies,
Inc. (NYSE:ORA) today announced that Mr. Jacob J. Worenklein, a
member of the Company's Board of Directors and Audit Committee
since November 2004, has informed the Company that he will step
down from the Board of Directors on March 31, 2010. Mr.
Worenklein's resignation comes as a result of his joining the law
firm of Bingham McCutchen LLP as a partner, and that Firm's policy
preventing its partners from serving as directors of public
companies. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO) The
Company has begun the search for a new director. Commenting on Mr.
Worenklein's resignation, Lucien Bronicki, Chairman of Ormat
Technologies, said, "Jay Worenklein has been a dedicated and
valuable member of Ormat's Board. On behalf of everyone at Ormat, I
would like to thank him for all of his work and past contributions
to the Company, and wish him success in his new position as Partner
in the Bingham firm." About Ormat Technologies Ormat Technologies,
Inc. is the only vertically-integrated company primarily engaged in
the geothermal and recovered energy power business. The Company
designs, develops, owns and operates geothermal and recovered
energy-based power plants around the world. Additionally, the
Company designs, manufactures and sells geothermal and recovered
energy power units and other power-generating equipment, and
provides related services. The Company has more than four decades
of experience in the development of environmentally-sound power,
primarily in geothermal and recovered-energy generation. Ormat
products and systems are covered by 75 U.S. patents. Ormat has
built over approximately 1,200 MW of plants half for its own
account and half as supplies to utilities and developers. Ormat
current generating portfolio includes the following geothermal and
recovered energy-based power plants: in the United States - Brady,
Heber, Mammoth, Ormesa, Puna, Steamboat, OREG 1 and OREG 2; in
Guatemala - Zunil and Amatitlan; in Kenya - Olkaria; and in
Nicaragua - Momotombo. 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 2, 2009.
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
KCSA Strategic Communications 775-356-9029 212-896-1215 (Todd) /
212-896-1236 (Marybeth) / -------------------
http://www.newscom.com/cgi-bin/prnh/20040422/LATH066LOGO
http://photoarchive.ap.org/ DATASOURCE: Ormat Technologies, Inc.
CONTACT: Dita Bronicki, CEO of Ormat Technologies, +1-775-356-9029,
; or Investor Relations, Todd Fromer, +1-212-896-1215, , or
Marybeth Csaby, +1-212-896-1236, , both of KCSA Strategic
Communications, for Ormat Technologies Web Site:
http://www.ormat.com/
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