Comverge Hires Former Automated Meter Reading Association
FLORHAM PARK, NJ-January 31, 2003-Comverge Technologies, Inc., a subsidiary of Data Systems & Software Inc. (NASDAQ: DSSI), announced today that it has hired Ron Chebra, former President of AMRA, to be director of AMR initiatives.
Mr. Chebra has generated numerous industry contacts over his twenty-five year experience in the energy industry and now adds his expertise to the Comverge team.
Ron holds numerous US and foreign Patents for telemetry communications systems, and has applied his knowledge of these applications developing products and services for organizations such as Applied Data Research, Base Ten Systems, Bell Atlantic Utility Systems. In addition to his technical expertise, Ron has provided management consulting services to this industry with firms such as Stone and Webster, AT&T Solutions, RW Beck and Telemacs, LLC. He helped formulate a consortium of utilities to offer retail services to the residential marketplace. He recently was a member of the Board of Directors of two private firms offering products to the energy industry and currently serves as the Chairman of the AMRA's Strategic Leadership Council and is a member of their Executive Committee and Board of Directors. Ron is also a member of the IEEE and the Institute of Management Consultants (IMC) and is quoted frequently in industry journals and has been keynote speaker at leading industry conferences.
"Ron's participation will help further establish us as a leader in the Energy Intelligence industry," states Robert M. Chiste, chief executive officer of Comverge. "Ron brings a great depth of experience, talent, and industry credibility to Comverge. We are very pleased to have attracted someone of Ron's caliber to join us; he will be instrumental in the development and roll-out of our Maingate C&I product and other company initiatives."
About Comverge, Inc.
Comverge, Inc., The Power in Power TechnologyTM, services more than 500 energy companies accounting for over 5 million end-user devices, in 15 countries around the globe. Comverge has offices, research facilities, representatives and agents located worldwide. Comverge's End-to-End Energy IntelligenceTM software suite, PowerCAMPTM, combined with its field-proven hardware development and manufacturing expertise, enables scalable information infrastructures-custom-designed to meet the needs of today's innovative energy suppliers. Comverge Technologies Group provides integrated, full-spectrum solutions for direct or voluntary load control programs, remote meter reading, price-responsive programs, time-of-use billing, distributed generation monitoring, theft/outage detection and more. Comverge Enterprises Group provides innovative business solutions including owned and operated systems, negawatt power purchase agreements, and joint ventures. For more information visit www.comverge.com.
About Data Systems & Software
In addition to the energy management solutions business conducted through Comverge, Data Systems & Software is a provider of computer consulting and development services, and is an authorized direct seller and value added reseller of computer hardware. Through its DSIT subsidiary, DSSI provides IT solutions. For additional information on DSSI, visit: www.dssiinc.com or www.nfnonline.com/dssi. For additional information on DSIT, visit www.dsi.co.il.
CONTACT
Comverge, Technologies, Inc.: Sky Filippi, director of marketing, (973) 360-2220, x267, filippi@comverge.com, www.comverge.com. Investor Relations: National Financial Network, Gary Geraci, (781) 644-3629 or (800) 343-4874, garyg@nfnonline.com, www.nfnonline.com/dssi.
This release contains forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934, which are subject to risks and uncertainties, including risks associated with (i) implementation by Comverge (ii) conditions in the market for utility solutions, (iii) the marketing of Comverge's hardware and software to utility customers and (iv) the pace and consequences of deregulation. Actual results may vary from those projected or implied by such forward-looking statements. The contract announced in this release is not indicative of any future operating results of Comverge or DSSI. The contract announced in this release is for the deployment of a limited number of units. Deployment of additional units by Comverge, if any, will depend upon many factors. There is no assurance as to when, or whether, there will be any deployment of additional units to these customers. A more complete discussion of risks and uncertainties which may affect the accuracy of these statements and Comverge's business generally is included under the captions "Factors Which May Affect Future Results-Risks Related to the Utility Solutions Segment" and "Factors Which May Affect Future Results-General Factors" in DSSI's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.