Microfield Group Appoints Kurt Yeager as Director
PORTLAND, Ore.–(BUSINESS WIRE)–Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News) announced today that it has appointed Kurt E. Yeager as a director of the company effective May 10, 2007.
Mr. Yeager has more than 30 years of experience in energy industry and energy research, and was the past President and Chief Executive Officer of the Electric Power Research Institute (”EPRI”), the national collaborative research and development organization for electric power. Under Mr. Yeager’s leadership, EPRI evolved from a non-profit electric power research institute into a family of companies encompassing collaborative and proprietary R&D as well as technical solution applications for the electricity enterprise in the U.S. and over 40 other countries. As CEO, Mr. Yeager also led the electricity enterprise-wide collaborative development of the landmark Electricity Technology Roadmap, and the Electricity Sector Framework for the Future. For the past two years Mr. Yeager has been the chairman and spokesperson for the Galvin Electric Initiative, a program to reduce the cost and improve the reliability and efficiency of electric power supply and delivery.
“Kurt has devoted his career to advancing the development of energy technologies and evolving energy policies that improve reliability, efficiency, and competitiveness of the nation’s electric energy industry. We are truly excited that Kurt has become part of our team,” said Rod Boucher, Microfield’s CEO, “He brings the insight of a very few individuals who have attained the reputation for world energy prominence for their outstanding contributions in energy and electrical applications.”
“Microfield, through its subsidiary EnergyConnect, Inc., has shown remarkable progress in developing demand response by proactively engaging electric energy consumers with new and creative technology and programs. I look forward to working with Rod Boucher and the company’s management as we expand on the company’s successes and develop the electric system of the future,” remarked Yeager.
EnergyConnect, Inc. is the leading provider of Energy Automation services. More than just demand response, EnergyConnect’s Energy Automation solutions proactively engage energy market participants, Independent System Operators, Regional Transmission Organizations and Electric Utilities. EnergyConnect is on the web at www.EnergyConnectInc.com.
About Microfield Group, Inc.
Microfield Group combines selling wholesale services to regional power grids with traditional electrical contracting and design and integration of infrastructure for wind, solar and other distributed power systems. This combination provides the platform to be a contributor to the growing alternative energy industry and to provide business processes and software capabilities that link the adjustment of consumer energy consumption to the wholesale electric market. Microfield utilizes consumers of electricity to generate revenue from the regional grids and serves this market through proprietary software and models that enable consumers to adjust use, provide prices to determine beneficial actions, and automate all aspects of the process. Microfield is headquartered in Portland, Oregon, and its common stock is traded on the OTC Bulletin Board under the symbol “MICG.” Additional information about Microfield is available at www.microfield.com.
Forward-Looking Statements
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
Contact:
Microfield Group, Inc. Randy Reed, CFO, 503-419-3364 or Cary Halsted, Investor Relations, 408-832-8063
Posted on Tuesday, May 15th, 2007 - Press Releases