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Acorn Energy to Host 2011 Third Quarter Conference Call on Thursday, November 10, 2011 at 11:00 am ET » MoreOctober 17, 2011
Acorn Energy Initiates Quarterly Dividend and Special Year-End Dividend » MoreSeptember 28, 2011
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06.02.09
CoaLogix Expands Management Team with New Hire
Randy Sadler joins CoaLogix as Director of Sales and Marketing for North America
Charlotte, N.C. – June 2, 2009 -- CoaLogix, owned by Acorn Energy, Inc. (NASDAQ: ACFN), and EnerTech Capital, today announced that Randy Sadler has joined the company as its Director of Sales and Marketing for North America. CoaLogix is proud to welcome Mr. Sadler, a dynamic professional who will help guide the Company's continued growth.
Mike Mattes, Executive Vice President of CoaLogix, stated “We are excited and extremely pleased to have Randy join our team. He brings extensive knowledge of the Selective Catalyst Reduction (SCR) industry and clean coal technologies. Randy will be an integral part meeting our customers needs in the SCR market and facilitating the continued growth and success of CoaLogix.”
As Director of Sales and Marketing for North America, Sadler is charged with all facets of sales, marketing and customer service activities for CoaLogix Inc. and SCR-Tech, LLC. Sadler brings over 20 years of experience in the areas of business development, market expansion and revenue and profit management. Most recently, Sadler was the Manager of Marketing and Sales for Power Plant Industries for Johnson Matthey Catalysts LLC. Prior to Johnson Matthey Catalyst LLC, Sadler was Manager of North American Sales at Dialight Corporation, Inc., where he directed sales operations across all distribution channels. Mr. Sadler also served as Vice President of USA Sales and Marketing for Contact Electronics, where he was responsible for strategic planning for the Company. Sadler completed his Masters of Business Administration from Strassford University and a Bachelor of Science in Organizational Management from Saint Paul’s College.
Randy Sadler commented “I am extremely excited about joining CoaLogix and the significant opportunity for growth in sales. It is crystal clear that utility companies have accepted the technology of regenerated catalyst and my previous experience with new SCR catalyst (plate and honeycomb) will only add to a very knowledgeable and professional team here in Charlotte.”
About CoaLogix
CoaLogix is focused on providing cutting-edge services to coal-fired generating facilities to reduce their environmental footprint through technology, optimization and efficiency improvements. CoaLogix owns SCR-Tech which is a leading provider of selective catalytic reduction (SCR) management services and catalyst regeneration technologies used by coal-fired power plants to reduce nitrogen oxides (NOx) emissions. Currently, coal-fired power plants contain approximately $1 billion of catalyst in their SCR systems. CoaLogix also provides a technology named MetalliFixTM which captures and remediates mercury from coal-fired plants. MetalliFixTM provides a cost effective solution, with lower capital, disposal and removal costs than those of activated carbon technologies, CoaLogix integrates leading edge technologies, a highly skilled workforce, and more than 100 years of combined experience in the environmental and power generation industries to provide innovative, cost-effective solutions that help our customers achieve and maintain compliance with increasingly stringent environmental regulations.
About Acorn Energy
Acorn Energy, Inc. is a publicly-traded holding company with equity interests in CoaLogix, Coreworx, DSIT and GridSense. These companies leverage advanced technologies to transform and upgrade the energy infrastructure around the world. Acorn companies are focused on three problems in the energy sector: improving the efficiency of the energy grid, reducing the risk for owners of large energy assets, and reducing the environmental impact of the energy sector. Acorn's strategy is to take primarily controlling positions in companies led by great entrepreneurs. For more information visit http://www.acornenergy.com
About EnerTech
EnerTech Capital has been successfully investing in energy and clean energy technology companies since 1996. The Firm focuses on early to expansion stage ventures that dramatically improve the profitability of producing and consuming alternative and incumbent fuels and electricity. The company manages three funds totaling $380 million. www.enertechcapital.com
Safe Harbor Statement
This press release includes forward-looking statements, which are subject to risks and uncertainties. For disclosure of risks and uncertainties which may affect CoaLogix's business and prospects and Acorn Energy, Inc.’s business generally, see the information under "Risk Factors" in Acorn Energy's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K as filed with the Securities and Exchange Commission. For more information about CoaLogix, call (704)827-8933, email info@CoaLogix.com. Or visit www.CoaLogix.com