ClearEdge Power Appoints IT Industry Veteran to Board of Directors

ClearEdge Power, a manufacturer of scalable, continuous onsite power systems, today announced the appointment of David B. Wright, a distinguished veteran in the technology industry, to its board of directors. In this position, Wright will play a critical role in driving adoption of ClearEdge Power's distributed energy generation solutions in businesses and data centers throughout the world.

"As an esteemed veteran in the data storage industry, David Wright brings to ClearEdge Power a strong understanding of the operational needs of large enterprises," said ClearEdge Power President and CEO Russell Ford. "Over the course of his 30-year career, David has established new and burgeoning industries by successfully delivering innovative technologies to market. Because of this experience, we believe David will bring a keen ability to drive adoption of fuel cells, including the ClearEdge CP, our newest system designed to offer continuous, critical power for data centers and telecommunications applications."

Wright has more than three decades of experience leading technology and data storage companies. Currently, Wright serves as executive vice chairman of GridIron Systems, the Big Data acceleration company that improves data center performance. Before GridIron Systems, Wright served as chairman and chief executive officer for Verari Systems Inc., a developer of platform-independent blade servers and storage systems. Wright has also held executive leadership positions at EMC Corporation, Legato Systems Inc., and Amdahl Corporation. Wright also serves on the board of directors of Verisk Analytics, Geeknet, Inc. and Silicon Valley Leadership Group.

"Enterprises around the world, which depend on power-hungry data centers to run their business, are increasingly seeking alternative energy solutions," said David Wright. "ClearEdge Power brings tremendous technology, a clear vision for powering the enterprise of the future and a laser focus on operational excellence and execution. Having developed a clear understanding of their technology approach, I am convinced ClearEdge Power can have a significant impact on the clean energy revolution, and I look forward to helping them change how companies access power."

This appointment builds on ClearEdge Power's strong momentum in 2011. Recent highlights include the expansion of its portfolio of continuous onsite power systems, including industry-first innovations in reliability, scalability and flexibility, and a new system developed for the data center market. The company also successfully completed a $73.5 million Series E financing round and secured a DOE grant to support the adoption of fuel cell technologies in different vertical markets. In addition, ClearEdge Power has seen strong customer adoption in a variety of industries, including multi-tenant housing, hospitality, education, utility, public sector and residential.

About ClearEdge Power

ClearEdge Power provides distributed energy generation solutions to commercial, institutional and residential customers. The company designs, manufactures and sells a family of continuous onsite power systems that uses fuel cell technology to efficiently deliver predictable, clean and cost-effective power and heat. This enables customers to increase independence from the electricity grid, save money and reduce greenhouse gas emissions. For more information, please visit http://www.clearedgepower.com .