HPEV Announces Accomplished Investor & Entrepreneur to Join Strategic Advisory Board
June 19 2014 - 6:51AM
Marketwired
HPEV Announces Accomplished Investor & Entrepreneur to Join
Strategic Advisory Board
Andrew Scherr Joins Board to Consult on Strategic Development
and Positioning
TAMPA, FL--(Marketwired - Jun 19, 2014) - HPEV, Inc. (OTCQB:
WARM), an innovator in energy efficiency and heat removal
technologies, announced today that investor, entrepreneur, and
corporate advisor Andrew B. Scherr has joined its Strategic
Advisory Board. The Advisory Board is integral in advising HPEV's
management and Board of Directors in its plan for positioning as
well as the proliferation of its technology as the Company
commercializes it in the initial three verticals: mobile
generation, motors and generators and pumps.
Andrew Scherr has served on a number of public and private
company boards of directors. Currently, Scherr serves as a Director
to Massive Interactive, Inc., and Constellation Health Group. Mr.
Scherr also manages equity and debt investments in a number of
companies including Premium Wine Acquisitions, Capital Guardian,
and Turbine Asset Holdings, LLC. Mr. Scherr received his B.S. in
Electrical Engineering and Computer Science from Johns Hopkins
University, his JD from the University of Maryland, and his Masters
in Management degree from Yale University.
"With Andrew's engineering background and knowledge of the
energy, alternative energy and vehicle markets, he truly
understands the fit and impact for HPEV's technology in both OEM
and end user markets," commented Timothy Hassett, HPEV's Chairman
and CEO.
Formerly, Mr. Scherr was responsible for Fund Derivatives and
Structured Products at Nomura Securities International, Inc. He
also held a senior structuring role at Fortis Prime Fund Solutions
(USA) LLC (now Credit Suisse). At both companies, he provided
structured solutions to institutional investors and family offices
with a focus on alternative investments. Mr. Scherr was also an
investment banker at Deutsche Bank and at Salomon Smith Barney. As
a management consultant at Accenture, he advised companies on
strategic issues. In addition, Scherr has experience in venture
capital, asset management, and corporate law.
"HPEV's technology is truly revolutionary and has tremendous
growth potential. Management is currently moving forward by helping
OEMs achieve significant competitive advantages in three different
markets," noted Scherr. "I am looking forward to advising the
Company as it leverages its technology in the initial three markets
and the many that will follow."
"We are very pleased to have Andrew join our team," said
Theodore Banzhaf, HPEV's President. "Andrew will provide valuable
perspective as our business grows and we expand into new
markets."
About HPEV, Inc. HPEV, Inc. is an intellectual property and
product development company that employs a license and royalty
model. The company has expertise in thermal dispersion technologies
and their application to various product platforms. The Company is
currently commercializing its patented thermal technology and has
additional patents-pending for various OEM applications of its
proprietary heat removal technologies. The markets that will be
addressed by these technologies include myriad of industries such
as pumps, fans, compressors, batteries, motors, generators and
bearings
Safe Harbor Statement. This release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
These statements are based on plans and expectations of management
and are subject to uncertainties and risks that could affect the
company's plans and expectations, as well as results of operations
and financial condition. A listing of risk factors that may affect
the company's business prospects and cause results to differ from
those described in the forward-looking statements can be found in
company reports and documents filed with the Securities and
Exchange Commission. The company undertakes no obligation to update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
For more information about the media inquiries, contact: HPEV,
Inc. ir@hpevinc.com
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