Press releases

ISE Corporation Announces Appointment of Richard Sander as CEO and David Mazaika as Chairman of the Board

SAN DIEGO, CA, July 16, 2008 — ISE Corporation today announced the appointment of Richard Sander as Chief Executive Officer and the appointment of David Mazaika as Chairman of the Board. Both appointments are effective August 1, 2008. Mr. Sander will retain his previous title of President and succeed Mr. Mazaika as Chief Executive Officer. Mr. Mazaika will take on the new role of Chairman of the Board and responsibilities for advising ISE on key technology development projects and strategic growth opportunities.

Under Mr. Mazaika's vision, ISE has experienced rapid growth in sales and production and has been a pioneer in many advanced hybrid technologies, including ISE's unique gasoline hybrid technology and hydrogen hybrid technology. Mr. Mazaika co-founded ISE with Michael Simon and has served as a director and executive officer since ISE's incorporation in 1995. As Chairman, Mr. Mazaika will continue to play a key role in shaping strategic growth.

Over the past 13 years, ISE has grown to be a recognized leader in hybrid drive systems for heavy duty buses and trucks. "The company is now evolving to a volume manufacturer of hybrid systems," said Mr. Mazaika. "Rick's extensive experience in manufacturing in the transportation industry will enable the company to meet both the high quality standards and rapid growth being demanded in the marketplace. His experience at Bombardier's aircraft division and heavy duty truck experience at Kenworth, provide the ideal skill set to take the company to the next level."

ISE will continue its focus on being the leading designer, developer and manufacturer of the highest quality and technologically advanced hybrid drive systems in the industry.

Mr. Sander brings over 24 years of extensive manufacturing, supply chain management, quality, engineering and general management. Mr. Sander holds a MBA from San Diego State University and a BS in Engineering from Oregon State University.

"There is strong and growing demand for hybrid drive systems in the heavy duty vehicle market," said Mr. Sander. "We continue to be leaders in hybrid technologies, and we are learning what it means to be a quality supplier of these technologies to our vehicle OEMs and government agency customers. Our challenge is to constantly advance the technology, but more importantly to produce our products with the highest quality and reliability, ship those products on time and provide the strongest support possible in the field."

About ISE Corporation:
ISE Corporation, based in San Diego, CA, is a leading supplier of hybrid drive systems and components for heavy-duty vehicles such as buses, trucks and military vehicles. ISE is a world leader in electric, hybrid-electric, and fuel cell technologies, and the only authorized distributor of Siemens ELFA® electric and hybrid-electric drive components for the U.S. transit bus market. www.isecorp.com

Contact:
Gary Willms
Vice President of Business Development, ISE Corporation
gwillms@isecorp.com

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