Science & Technology
Science and Technology
Science and Technology
Fri, February 27, 2009
Thu, February 26, 2009
Octus Recruits Senior Managers to Pursue Energy Efficiency and Alternative Energy Opportunities
DAVIS, Calif.--([ BUSINESS WIRE ])--[ Octus Inc. ] (OTCBB:OCTI) today announced that, effective February 24, 2009, it has hired Chris Soderquist as Chief Executive Officer of the Company and George Ecker as Chief Financial Officer. Soderquist and Ecker were also elected Directors of the Company.
Octus, which will do business under the banner of Octus Energy, seeks to establish itself as a leader in the alternative energy creation and conservation industries based on its "Repower, Renew, Results" strategy. The company will actively seek to license, acquire and commercialize industry-leading energy-efficiency solutions, in addition to pursuing the development and management of energy creation and conservation projects. As part of the transaction, Mr. Ecker and Mr. Soderquist have entered into three-year employment agreements with the Company and were subsequently each issued 15,000,000 shares of common stock for the contribution of services to the Company.
Mr. Soderquist has 17 years experience founding, managing, capitalizing and selling companies. Most recently, he co-founded and served as Managing Director of Crescendo, which was acquired in 2008 by Abercrombie and Kent. He also created and sold a marketing strategy firm, founded several software companies, managed two business incubators (Venture Lab and Technology Development Center), and served on the board of directors of Sierra Energy, Sacramento Entrepreneurship Academy, Sacramento Area Regional Technology Alliance, and UC Davis Connect. He earned a BS from Cal Poly, San Luis Obispo, and an MBA from the University of California, Davis.
Mr. Ecker is the President and Director of Nova Mobility Systems, a company specializing in the design and manufacture of rugged handheld mobile computers. He has more than 25 years of entrepreneurial and management experience in international and domestic ventures. Previously, Mr. Ecker was the President and Managing Director of Channel Financial Group, a financial services company providing corporate consulting and strategic services to international private equity managers. He holds a Bachelor of Science degree in Finance, with honors, from the University of the State of New York.
"We intend for Octus to be a uniquely positioned clean energy company that commercializes energy-efficiency solutions as the owner and developer of energy creation and conservation projects and products," explained Ecker. "We intend to acutely focus on deploying and capitalizing market-ready solutions that produce immediate and sustainable economic and environmental benefits."
"Economic, innovation and public policy developments are creating an opportune environment for Octus," said Soderquist. "Organizations are seeking pragmatic and immediate measures to reduce their energy costs. Innovative alternative energy and energy efficiency solutions are primed for commercialization. And, the Federal Stimulus Plan has more than $16 billion in relevant funding, including $4.5 billion to increase the energy efficiency of federal buildings, $6.3 billion in state energy-efficiency and clean- energy grants, and $6 billion in loan guarantees. There is an immediate, paramount opportunity for Octus to create and conserve energy through our proactive strategy."
