Comverge Hires Western Sales Regional Director
FLORHAM PARK, NJ-February 3, 2003-Comverge Technologies, Inc., a subsidiary of Data Systems & Software Inc. (NASDAQ: DSSI), announced today that it has hired John Benson to be western regional sales director.
John Benson has over 20 years experience in the electric utility information technology industry, including starting two pioneering businesses. John has worked in utility automation, meter information management and automatic meter reading for Landis & Gyr and Siemens. John was a key member of the team at Landis & Gyr that started the small SCADA System business and had a lead role in the creation of Siemens North American AMR business. John has strong qualifications in utility process automation, data communication technology, and information technology.
"John's broad knowledge of the California market will be invaluable to Comverge's business growth as that market rapidly gains acceptance of load management programs and time-of-use pricing. His vast experience in metering and load management at Landis & Gyr and Siemens will help us realize our strategy to be the premier provider of End-to-End Energy IntelligenceTM and Virtual Peaking CapacityTM solutions," states Robert M. Chiste, chief executive officer of Comverge."
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.
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.