WORCESTER, Mass., April 24, 2013 (GLOBE NEWSWIRE) -- World Energy Solutions, Inc. (Nasdaq:XWES), a leading energy management services firm, today announced it has named Martha Danly as its Chief Operating Officer, promoting her from Chief Product Officer, a position she had held since joining the Company in September 2012. As COO, Danly will oversee company-wide operations, product strategy, product marketing, software development, IT and the ongoing delivery of the Company's signature online energy platform, the World Energy Exchange®.
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With 30 years in the high-technology industry, Danly has held leadership positions at a wide range of Silicon Valley startups focused on online trading, cloud computing, cleantech, social media, consumer video and ad networks. Known for bringing user-centric product design to emerging technologies, she helped pioneer two successful e-commerce platforms – the first online auction at Onsale and vertical B2B marketplaces at Ventro Corporation.
"We are incredibly fortunate to have Martha Danly on our team," said Phil Adams, CEO, World Energy Solutions. "I have known Martha since 1988 and believe she is one of the sharpest people I have ever had the pleasure of working with. Her capacity to solve complex problems – deftly applying process and technology to make solutions repeatable and scalable – is a hallmark of her career, as is her ability to energize and drive teams to deliver breakthrough results. Martha is one of a kind, and we are delighted to have her."
Added Danly, "With over 5,000 customers and the industry's leading auction platform, World Energy offers me a tremendous opportunity to play a hands-on role in the Company's transformation of energy brokerage and management. With such a strong foundation to build on, I am eager to expand our solution set for energy management and extend the Company's legacy of process and technology innovation into the mid-market."
About World Energy Solutions, Inc.
World Energy Solutions, Inc. (Nasdaq:XWES) is an energy management services firm that brings together the passion, processes and technologies to take the complexity out of energy management and turn it into bottom-line impact for the businesses, institutions and governments we serve. To date, the Company has transacted more than $40 billion in energy, demand response and environmental commodities on behalf of its customers, creating more than $2 billion in value for them. World Energy is also a leader in the global carbon market, where its World Energy Exchange® supports the Regional Greenhouse Gas Initiative (RGGI), the first mandatory market-based regulatory program in the U.S. to reduce greenhouse gas emissions. For more information, please visit http://www.worldenergy.com/">www.worldenergy.com.
This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the following: our revenue and backlog are dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; the potential impact on our historical and prospective financial results of a change in accounting policy may negatively impact our stock price; and other factors outside our control that affect transaction volume in the electricity market as well as our overall business. Additional risk factors are identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.
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