ClearEdge Power: Delivering Smart Energy Today

VMware and Sun Microsystems Executive to join ClearEdge Power;
Expansion of senior team brings additional opportunities to marketing and sales

August 3, 2010 ClearEdge Power Press Release

PORTLAND, Ore. – 3 August 2010 – Former VMware and Sun Microsystems executive Dane C. Smith joins Hillsboro-based ClearEdge Power as senior vice president of sales, marketing and business development. The global leader in microCHP fuel cell design and manufacturing adds Smith as an integral part of the senior management team to leverage his expertise in market development and rapid expansion.

“We have made significant strides forward this year with the release of our ClearEdge5 fuel cell, and Dane will help position our company for both rapid growth and development into new markets and geographies,” said ClearEdge Power CEO and President Russell Ford. “Dane’s track-record at VMWare clearly demonstrates his ability to not only drive revenue, but also successfully develop new customer channels. We’re excited to have him join our team.”

During Smith’s five-year tenure at VMware, as vice president and general manager for the Americas and later as global vice president of systems integration and outsourcing, he helped build one of the fastest growing software companies in history, according to IDC and Gartner. In three years, Smith grew business in the Americas from less than $200 million to approximately $1 billion, and he led the teams responsible for closing many of the largest software and services contracts in the company’s history. He was also a key member of the VMware executive team that, in August 2007, produced one of the largest technology IPOs in the history of the New York Stock Exchange – second only to Google.

“I’ve had the opportunity to work closely with some of the nation’s largest energy providers, as well as the US Department of Energy and the US Environmental Protection Agency, while at VMware and Sun,” said Smith. “I look forward to continuing those relationships to further alternative energy solutions in the U.S. and abroad as a leader for the ClearEdge Power team.”

About ClearEdge Power
With facilities in California and Oregon, ClearEdge Power is a privately held, technology company leading the way for smarter, cleaner on-site energy systems focused on commercial, institutional and residential buildings. The company designs, manufactures and markets the ClearEdge5 system, a unique, proven fuel cell appliance that cleanly converts natural gas to electricity and heat, offering both significant financial and energy savings, as well as a greatly reduced impact on the global environment. The ClearEdge Power corporate management systems are certified to ISO 9001 and ISO 14001. For more information, please visit www.ClearEdgePower.com.

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ClearEdge Power Signs exclusive agreement with LS Industrial Systems (LSIS) to Distribute ClearEdge5 Fuel Cells in Korea

June 08, 2009 ClearEdge Power Press Release

PORTLAND, Ore., June 8, 2010 – ClearEdge Power, a global provider of microCHP (combined heat and power) fuel cells systems today announced an exclusive, three-year distribution agreement for the ClearEdge5 system with LS Industrial Systems, a 1.5 billion (USD) Korea-based company focused on electric power generation, distribution and automation worldwide. The 40 million (USD) agreement will focus on the sale, distribution and service for over 800 ClearEdge5 fuel cell units in Korea.

After a worldwide, exhaustive review by LSIS the ClearEdge5 five kW system was chosen for its high efficiency, high temperature hybrid PEM design. The system leverages the availability of the natural gas or directed biogas infrastructure to offer buildings a source of base-load power that is created on-site. Without burning fuels as other conventional systems do, the ClearEdge5 reduces carbon emissions by more than 35% while reducing energy requirements and costs for customers. The system is self-contained and requires a minimal footprint for installation and service and is safe and quiet enough for residential or highly populated areas.

“ClearEdge Power offers available alternative energy options on a global scale that will change power generation for decades to come,” said CEO and President of ClearEdge Power, Russell Ford. “We are proud to partner with LSIS where together we can offer the country of Korea a broad platform on which to build a cleaner energy environment.”

“With the recent federal Korean legislation, which encourages new buildings to begin using alternative power sources such as fuel cells to reduce the carbon footprint,” said Senior Executive Vice President for the Electric Power Group Jong-Woong Choe, “the ClearEdge5 is well-sized for the Korean market. The proven ClearEdge Power technology and its unique design make the proprietary fuel cell platform a foundational solution we can offer to our customers now and into the future.”

LSIS, which was created from the LG Group and re-launched as the LS GROUP in 2005, will integrate the ClearEdge5 fuel cell as a clean alternative energy option for over 80% of Korea’s energy customers. The company, focused on solutions that maximize energy efficiency, applications in the automation field, and green solutions, is partnered with the Korean government to offer energy solutions and services nationwide.

About ClearEdge Power
With facilities in California and Oregon, ClearEdge Power is a privately held, technology company leading the way for smarter, cleaner on-site energy systems focused on commercial, institutional and residential buildings. The company designs, manufactures and markets the ClearEdge5 system, a unique, proven fuel cell appliance that cleanly converts natural gas to electricity and heat, offering both significant financial and energy savings, as well as a greatly reduced impact on the global environment. The ClearEdge Power corporate management systems are certified to ISO 9001 and ISO 14001. For more information, please visit http://www.clearedgepower.com.

About LS Industrial Systems
LS Industrial Systems is a leading, global company servicing the industrial electric & automation fields. The organization is focused on providing their customers with total solutions. As a company, they strive to provide distinctive and eco-friendly products that present a “win-win strategy” in a variety of fields including Power Transmission & Distribution; Electric Equipment; Automation Equipment & Systems and Industrial IT Systems.

LS Industrial Systems is currently developing and applying future technology to their customers’ needs with deep consideration and innovative thinking to offer the highest standards of digital industrial electronic machinery and systems possible. In the future, the company plans on further developing its business portfolio to focus on; energy solutions for the information technology market; ubiquitous RFIP infrastructures, power semiconductors, wired/wireless communication, USN and sensors, the industrial infrastructure needed for hybrid car ESA, new & renewable energy sources, and total business automation. Please visit http://eng.lsis.biz/, for more information about LS Industrial Systems.

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ClearEdge Power Management Systems Attain ISO Certifications for Quality and Environmental Impact

December 03, 2009 ClearEdge Power Press Release

HILLSBORO, Ore., December 3, 2009 – ClearEdge Power, a leading manufacturer of MicroCHP (combined heat and power) fuel cells for homes and businesses, announced today that the company’s management systems have been certified to ISO 9001 and 14001 from the International Organization for Standardization, the world’s largest standard developing organization. Based on a survey conducted by industry consultant, Quality Systems Enhancement, Inc, less than 2% of companies passed ISO certification audits for both ISO 9001 and ISO 14001 with zero nonconformities first time around.

The ISO 9001 certification of ClearEdge Power’s management system validates the company’s internal business practices ensuring the company has a core set of procedures that cover all management processes, including monitoring programs to ensure effectiveness, adequate record keeping, and continual improvement programs.

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