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Altergy Names Terry D. Carlone Chief Administrative Officer

GOLD RIVER, California – July 1, 2005 – Altergy Systems President and CEO Eric S. Mettler today announced the appointment of Terry D. Carlone, J.D., as the Company’s Chief Administrative Officer (CAO). In this role, Mr. Carlone will oversee the organization’s legal, human resource, corporate development, government relations, business development, sales, marketing, and accounting functions. Mr. Carlone will report to Mr. Mettler. Mr. Mettler continues direct management of the Company’s product and process engineering, manufacturing, research & development, supply chain, facilities and strategic and operational planning functions, in addition to his duties as President and CEO.

Mr. Carlone is well-versed in the operations of the Company, having served as Chairman of the Board since 2003. He continues in that role, in addition to his new duties as CAO.

Mr. Carlone brings to Altergy wide-ranging experience as both an attorney and senior executive. As an attorney, he has served both in private practice and as in-house counsel with a concentration on capital formation and offerings, securities law compliance, antitrust, mergers and acquisitions, strategic alliances and licensing. In private practice, he headed the expansion of McDonough Holland & Allen's Sacramento high tech and biotechnology business; chaired Weintraub Genshlea & Sproul’s Technology and Intellectual Property Group; practiced with Pillsbury Madison & Sutro in San Francisco and established the firm’s Washington D.C. office where he focused on energy regulation; and founded Capital Law Group, specializing in representation of early stage technology-based growth companies.

In addition, he has served as General Counsel to Synergex International Corporation, a California-based software company with end users in all 50 U.S. states and more than 80 nations; and Ventria Bioscience, a leading biopharmaceutical company producing plant-made pharmaceuticals for human therapeutics and nutrition. He also was senior legal counsel for Alexander & Baldwin, Inc., a publicly-traded multinational corporation involved in ocean shipping, agriculture, and real estate development and management.

Mr. Carlone also has broad executive and entrepreneurial experience in both public and private companies including co-founder and President of a technology licensing and consulting firm; co-founder and President of an international manufacturer and marketer of biomedically-based skin treatment products; co-founder and Chief Administrative Officer of a professional employer organization offering turnkey human resource solutions for emerging growth companies; and corporate asset manager of a real estate management and development subsidiary of a publicly traded company.

Mr. Carlone received a B.A. from Northwestern University and a J.D. from Georgetown University. He is a member of the State Bar of California, District of Columbia Bar (inactive), and Hawaii State Bar Association (inactive). He serves on the board of directors and executive committee of the Golden Capital Network, and has served on the boards of the Sacramento Valley Forum for Growth Companies, the Sacramento Entrepreneurship Academy, and the Sacramento Region Chapter of the International Association for Corporate Growth.

About Altergy

Altergy Systems® engages in the design, manufacture, marketing and service of proprietary fuel cell power products that are changing the way the world gets its power. Altergy's Freedom Power™ products provide freedom from the grid, freedom from foreign oil, freedom from traditional energy solutions, freedom from batteries and freedom from pollution. These low cost, robust, fully integrated, and high efficiency fuel cell systems generate power at the point-of-use, making low cost, distributed power generation a reality. Altergy's Freedom Power products are a solution to the serious global shortage of premium power and growing demand for low cost, high quality power.

More information about Altergy Systems is available at www.altergy.com .

Altergy, Altergy Systems and Freedom Power are trademarks of Altergy Systems.
Copyright © 2001-2008 Altergy Systems. All Rights Reserved.


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Media Contact:

Nancy Frank
916.768.7805
nancy.frank@altergy.com

Investor / Analyst Contact:

ir@altergy.com


 
  
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