SAN DIEGO -- (April 9, 2010) -- ISE Limited (TSX: ISE), a leading developer, manufacturer and distributor of heavy duty hybrid-electric drive systems, today announced ISE's Board of Directors' appointment of David R. Goodman, 63, as Chairman of the Board effective May 1, 2010. Goodman replaces David M. Mazaika, 46, who will remain a director on the Board.
"On behalf of everyone at ISE, I would like to thank David Mazaika for his years of leadership and guidance," stated Rick Sander, CEO and President of ISE. "As a founder of ISE, David helped form the basis of what the company is today, and we are excited he will remain on our board while he also focuses on his duties as Chief Operating Officer of Quantum Technologies."Sander continued, "As a board member since June of 2001, David Goodman has provided his invaluable expertise in energy technology and alternative energy as the company evolved and grew through various stages. We welcome David to his new role as Chairman of the Board. We look forward to working with him as Chairman, and the rest of the Board, as we build on our leadership position in hybrid-electric drive systems, focusing on providing innovative energy storage systems and next generation hybrid systems."
"I am excited to assume the role of Chairman of ISE Limited, particularly at this important stage in the company's growth," stated Goodman. "I am encouraged by the progress ISE has made in improving our technologically advanced hybrid electric drive systems and financial performance as well as further penetrating the transit bus market. I will continue to work with the management team to rollout our advanced energy storage systems and energy management solutions."David R. Goodman, principal of North Arrows LLC, is the former Chairman and CEO of United American Energy Corp (UAE), which he founded in 1980. Goodman is a 39-year participant in the power generation and construction industries. Prior to UAE, Goodman was employed for seven years by Grow Tunneling Corp., a leader in constructing large municipal underground public works projects. Goodman earned a B.S. (Civil Engineering) from Antioch College in 1969 and an M.B.A. from Stanford University in 1971. He is a member of the American Society of Civil Engineers, member of the Moles, former president of the New York Alliance for Hydroelectric Energy, former director of the National Hydropower Association, former member and director of the Electric Power Supply Association and member of the New York Independent Power Producers Association. He is presently a member of the NRDC Global Leadership Council (National Resources Defense Council) and a member of the American Solar Association.
About ISE LimitedISE Limited (www.isecorp.com) is a leading developer, manufacturer and distributor of heavy duty hybrid-electric drive systems based on our core proprietary technology, which is focused on three critical subsystems: energy storage, controls software and power electronics. ISE specializes in series hybrid-electric and all-electric/zero emission technologies, and offers industry-leading energy storage systems and hybrid system components. Over the past 10 years, ISE has sold over 300 hybrid-electric drive systems that have demonstrated reliability and performance in over 12 million miles of fleet operation.
Established in 1995, ISE is headquartered in San Diego, California. ISE's history of innovation and technological leadership has resulted in the design and development of systems and components that deliver superior operating performance. For more information visit www.isecorp.com.Investor Contact:
Kirsten Chapman/Becky Herrick
Lippert/Heilshorn & Associates
+1 415-433-3777
bherrick@lhai.com
David Morash
Chief Financial Officer
ISE Limited
+1 858-413-1720 x655
Carolyn Paynton
Mktg. & Comm. Mgr.
ISE Limited
+1 858-213-8613
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