ST. PETERSBURG, Fla., July 9 /PRNewswire-FirstCall/ -- World EnergySolutions, Inc. (OTC Bulletin Board: WEGY), a company focused on energyconservation technologies and environmental sustainability, announced todaythat George Lauro has been appointed to the Board of Directors of World EnergySolutions.
Ben Croxton, CEO of World Energy Solutions said, "George's experience inInvestment Banking coupled with his vast knowledge of the technology industrywill prove invaluable to World Energy as we pursue exciting marketopportunities that lie ahead of us. We are very pleased to have him join theBoard."
Lauro is founding partner of Alteon Capital Partners, a SiliconValley-based firm that provides direct venture investment, equity fundraisingand M&A advisory to companies in the electronics and information technologyindustries. He also is Senior Advisor to Needham & Company, a technologyinvestment bank.
"I look forward to working with World Energy Solutions," said Lauro."World Energy has a unique suite of technologies with exciting commercialpotential and I believe that the time is right for bringing them to themarket."
Lauro has served on the Board of Directors of 15 public and privatecompanies since 1997. He has also been awarded 23 patents on inertialguidance, GPS, RFIC's and radio identification products.
Earlier in his career, Lauro was Managing Director of two venture capitalfunds, Techfarm Ventures, a venture capital fund that invests inearly-to-mid-stage technology companies, and Wasserstein Perella Ventures, atechnology venture capital and leveraged buyout fund. He opened and managedWasserstein's west coast office in Palo Alto.
Before becoming a venture capitalist, Mr. Lauro was Director of RapidCommercialization for IBM where he led a group responsible for bringingadvanced technologies from IBM's development labs to market. He also wasDirector of New Business Development for Motorola where he conceived theworld's first handheld GPS navigation product (Traxar GPS) and launchedMotorola's RFIC and GPS businesses.
Mr. Lauro holds an MBA from the Wharton School of Business and a BSEE fromBrown University, and completed graduate work at MIT in Digital Control andAeronautics
About World Energy Solutions
World Energy Solutions, Inc. (OTC Bulletin Board: WEGY) is an EnergyServices Company and electronics manufacturer. WES's primary business focus isthe development of technology for lowering electrical, gas and water usage forcommercial, government and residential facilities. As a pioneer in themanufacturing of the finest TVSS systems available in the market today, WESuses cutting edge technologies and unsurpassed design standards to provide itscustomers with full lifetime warranties on its products.
For more information about WES please visit its website athttp://www.worldenergysolutionsinc.com .
Forward-Looking Statements
Certain matters discussed in this press release are "forward-lookingstatements." These forward-looking statements can generally be identified assuch because the context of the statement will include words such as"expects," "should," "believes," "anticipates" or words of similar import.Similarly, statements that describe World Energy Solutions' future plans,objectives or goals are also forward-looking statements. Such forward-lookingstatements are subject to certain risks and uncertainties, including thefinancial performance of World Energy Solutions, which could cause actualresults to differ materially from those currently anticipated. Although WorldEnergy Solutions believes the expectations reflected in any forward-lookingstatements are based on reasonable assumptions, they cannot give any assurancethat their expectations will be attained. Shareholders, potential investorsand other readers are urged to consider these factors carefully in evaluatingany forward-looking statements. Certain factors could cause results andconditions to differ materially from those projected in these forward-lookingstatements, and some of these factors are discussed below. These factors arenot exhaustive. New factors, risks and uncertainties may emerge from time totime that may affect the forward-looking statements made herein. Theseforward-looking statements are only made as of the date of this press releaseand World Energy Solutions does not undertake any obligation to publiclyupdate such forward-looking statements to reflect subsequent events orcircumstances.
SOURCE World Energy Solutions, Inc.