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Octus Energy: Octus Energy Adds Two Energy Industry Executives to Its Management Team

^{Published on 2009-07-09 07:55:51, Last Modified on 2009-07-09 07:56:01 - Market Wire}
 

DAVIS, CA--(Marketwire - July 9, 2009) - Octus Energy (OTCBB: [ OCTI ]) today announced the addition of two energy industry executives to its management team, strengthening the company's commercialization of the Octus Smart Energy Platform (OctusSEP). Joining the company are Tobin J.M. Richardson as Senior Advisor, Energy Markets, and Siva Gunda as Senior Engineer, Smart Energy Solutions.

"Smart energy is a dynamic space, and Tobin and Siva are dynamic energy industry executives," said Chris Soderquist, Octus CEO. "They bring a wealth of relevant, seasoned and contemporary experience and relationships to Octus that we believe will catalyze commercialization of OctusSEP and spring innovation within the company."

Richardson has 15 years' experience in strategy and business development with energy and technology companies. He is Director of the ZigBee Smart Energy Initiative, where he drives adoption of energy efficiency technology in key smart energy markets. In 2008, Richardson directed Pacific Gas and Electric Company's smart meter upgrade RFP, following three years with the California utility working with the executive team on the company's transformation process, managing stakeholder and regulatory relationships. Prior to PG&E, he directed business development for organizations including Affiliated Computer Services, CenterBeam, Pandesic, Georgetown University, and numerous U.S. federal agencies. He earned a master's degree from Georgetown University, and a bachelor's degree from the University of California, Davis.

Gunda is the Southern California Edison International Energy Efficiency Fellow and an Emerging Venture Analyst with the UC Davis Energy Efficiency Center, where he commercializes energy efficiency technologies germinating from the California Lighting Technology Center and Western Cooling Efficiency Center. Previously, he was an industrial designer with General Electric and held positions with Pacific Gas and Electric, the California Air Resources Board, and the California Fuel Cell Partnership, where he garnered invaluable experience in both design and policy in energy efficiency. Gunda is completing his Ph.D. in mechanical engineering, with a focus on energy systems, at UC Davis.

About Octus

Octus Energy (OTCBB: [ OCTI ]) is a smart energy management company headquartered in Davis, California. Octus develops, markets and sells energy-efficient lighting and cooling solutions that enable public sector and private organizations to significantly reduce their energy expenses. The company delivers solutions through OctusSEP (Smart Energy Platform), a turnkey energy savings and demand response management program targeting a $40 billion annual market in the United States.