Mike J. DeLoye Named Chief Technology Officer of EnerNow's Digital Media Division.Business Editors/High Tech Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. & FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--May 7, 2002 EnerNow Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :INPM INPM International Network on Personal Meaning ) has named Mike J. DeLoye chief technology officer of the company's Digital Media Technologies Division. In his new position, DeLoye will oversee all of the technology-related initiatives within EnerNow's division that provides advanced digital media distribution products and services. He will report directly to Larry L. Light, acting president of the division. EnerNow's Digital Media Technologies division develops and markets advanced digital media distribution products that provide video and movies on demand, Web access, email and interactive TV services delivered through the television. The company markets its Interactive Media Terminals(TM), home media gateways, and other products. Philips Electronics (for AOLTV (America OnLine TV) An Internet TV service from AOL that provides access via a phone line or through the DirecTV satellite from Hughes Electronics. Versions of the AOLTV set-top boxes also include the TiVo technology for digitally recording TV programs. )(TM), LodgeNet Entertainment, Skylight Systems, Get Well Network, and KoolConnect Interactive Media currently use EnerNow products. DeLoye has more than 25 years of product development experience in all aspects of the information technology industry, ranging from competitive analysis, product and resource planning to cost estimation and product performance analysis. DeLoye initially joined EnerNow, formerly Inprimis, in 1999 and served as the director of quality assurance. Prior to joining EnerNow, DeLoye was a senior system architect at Xpoint Technologies, in Boca Raton, FL, where he led the development of intelligent networking products for the high-end client/server market. He also has held various engineering positions at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , where he worked for 18 years. While at IBM, DeLoye directed the design and development of several generations of PS/2 and ValuePoint desktop personal computers, including the company's best-selling PS/2 model 55SX and the company's highly regarded ValuePoint products. He also was responsible for developing the power supplies for the original IBM PC and PC-XT PC-XT Personal Computer - eXtended Technology . DeLoye has been granted two U.S. and three European patents for memory access operations in personal computers and the control of personal computer power supplies. DeLoye holds a bachelor's in electrical engineering from Case Western Reserve University in Cleveland, Ohio. About EnerNow Inc. EnerNow Inc. (OTCBB:INPM), based in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , is part of the Ener1 Holdings family of companies. EnerNow is the current trade name for the former Inprimis, Inc. EnerNow has three lines of business: Digital Media Technologies - develops and markets advanced digital media distribution products that provide video & movies on demand, Web access, e-mail and interactive TV services delivered through the television with EnerNow Digital Media Technologies' Interactive Media Terminals(TM), home media gateways, and other products. Engineering Consulting Services - provides software and hardware design and development services for companies in the interactive TV, semiconductor, video, Internet and multimedia industries. Clients include Liberate, National Semiconductor, Conexant, Philips, AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Legato Video, Pegasus, and others. EnerWatch - is developing proprietary technology for operation with differential and integral components of the electromagnetic field electromagnetic field Property of space caused by the motion of an electric charge. A stationary charge produces an electric field in the surrounding space. If the charge is moving, a magnetic field is also produced. A changing magnetic field also produces an electric field. , and plans to offer a range of safety solutions related to power production, electronics, medicine and biotechnology. For more information, visit the company's Web site at http://www.enernow.com or call 561.997.6227. About Ener1 Holdings Ener1 Holdings, Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Fort Lauderdale, Fla. Its companies are developing advanced lithium battery and electromagnetic protection solutions and providing a host of interactive TV-based systems and services. For more information on the Ener1 group of companies, please visit http://www.ener1.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This release contains forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward looking statements involve risks and uncertainties, including, but not necessarily limited to, the change in control of EnerNow and dilution to existing shareholders of EnerNow caused by Ener1's investment, the history of operating losses incurred by EnerNow and its need for additional capital, the receipt of revenue from new contracts, the rate of development of the information appliance market, the successful development and market acceptance of new products and services, the degree of competition in the market for such products and services, competitive pricing practices, dependencies upon key personnel, and low barriers of entry into the software development and services markets. Further, a significant portion of the company's sales is derived from a limited number of customers, the loss of one or more of which could adversely impact operating results. Some of these and other risks are detailed in EnerNow's annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2001, as well as in the company's other filings with the Securities and Exchange Commission. Such risks and uncertainties could cause actual results or performance to differ materially from any future results or performance expressed or implied in the forward-looking statements included in this release. |
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