GridPoint

GridPoint Appoints New Advisors, Electric Vehicle Pioneer Kenneth R. Baker and Former CIA Director George J. Tenet

WASHINGTON – Oct. 22, 2008 – GridPoint Inc., a leading clean tech company whose smart grid software platform benefits electric utilities, consumers and the environment, announced the appointment of electric vehicle pioneer Kenneth R. Baker and former Director of Central Intelligence George J. Tenet to its board of advisors.

“With the arrival of electric vehicles and their consequent impact on the power grid, as well as the rising importance of energy security, GridPoint will benefit tremendously from the expertise and insight of these distinguished men,” said Peter L. Corsell, CEO, GridPoint.

Baker, an accomplished auto industry executive, is widely recognized as the "father" of the EV-1, General Motors' ground-breaking all-electric vehicle. During his 30-year career at GM, he was recognized as one of the top 25 research leaders in the world. He held key roles at the company including Program Manager, GM Electric Vehicles; Vice President, GM Research and Development; and Vice President & General Manager, GM Distributed Energy Business Unit. Baker is Founding Chairman of the United States Advanced Battery Consortium.

Currently, Baker serves as President and CEO of TechBroker LLC, and previously as President and CEO of Altarum. He is a member of the Board of Directors of AeroVironment, Ener1, Millennium Cell, and the National Coalition for Advanced Manufacturing (NACFAM). He is also a member of the Board of Governors of the Cranbrook Institute of Science.

Tenet is a Managing Director with Allen & Company, where he is responsible for the firm’s international merchant banking business. Tenet served as the 18th Director of Central Intelligence from 1997 to 2004. In this position, he led the United States Intelligence Community, a team of 14 foreign intelligence organizations, and presided over the daily activities of the Central Intelligence Agency. Prior to his appointment, he served as Deputy Director of Central Intelligence, Acting Director and in a number of positions regarding national security. Most recently, Tenet was a member of the Faculty of the Edmund A. Walsh School of Foreign Service at Georgetown University as Distinguished Professor in the Practice of Diplomacy and Senior Research Associate in the Institute for the Study of Diplomacy.

Tenet has received many awards for his public service and efforts to strengthen global security. In December 2004, President George W. Bush awarded him the Presidential Medal of Freedom, the United States’ highest civilian honor. He holds the two highest decorations for leadership from the CIA and the intelligence community: the Distinguished Intelligence Medal and the National Intelligence Distinguished Service Medal. The Anti-Defamation League awarded him its highest honor, the America's Democratic Legacy Award. Among Tenet’s foreign decorations are the Commander’s Cross of the Order of Merit of the Federal Republic of Germany; the Polish Commander’s Cross with Star; the Order of the Star of Romania in the rank of Grand Officer; and the Jordanian Independence Medal of Honor. He is the first American to receive the Egyptian Order of Merit (First Class) and the first non-Canadian to be awarded the Canadian Security Intelligence Service Gold Medal.

Tenet holds a BSFS from the Georgetown University School of Foreign Service and an MIA from the School of International Affairs at Columbia University. He also holds honorary doctorates from Georgetown University, the University of Oklahoma, the Rochester Institute of Technology and the Joint Military Intelligence College.

Baker and Tenet join a seasoned list of GridPoint advisors including technology visionary Esther Dyson and CERA chairman and Pulitzer Prize winner Daniel Yergin. For more information on all GridPoint advisors, visit www.gridpoint.com/company/advisors.

GridPoint is working with utilities nationwide including Duke Energy and Xcel Energy. GridPoint’s software platform applies information technology to the electric grid to provide utilities with an intelligent network of distributed energy resources that controls load, stores energy and produces power. The software platform offers utilities a single interface, located in a utility’s control room, for managing a variety of distributed energy assets including plug-in electric vehicles, solar panels, wind turbines, advanced storage technologies and household devices such as thermostats, electric water heaters, pool pumps, etc.

A 2008 World Economic Forum Technology Pioneer, GridPoint was also named the overall winner by AlwaysOn GoingGreen 100 Top Private Companies 2007 and winner of the 2007 North American Frost & Sullivan Award for Green Excellence. GridPoint has been featured in several books including the newly released Perfect Power: How the Microgrid Revolution Will Unleash Cleaner, Greener, More Abundant Energy, by Robert Galvin and Kurt Yeager, as well as Earth: The Sequel and The Clean Tech Revolution. Corsell is profiled in this month's issue of MIT's Technology Review magazine as one of the world's top innovators under the age of 35. He also serves as chairman of the World Economic Forum's Global Agenda Council on Alternative Energies.

About GridPoint

GridPoint Inc., a leading clean tech company, is the pioneer of an innovative smart grid platform that aligns the interests of electric utilities, consumers and the environment through an intelligent network of distributed energy resources that controls load, stores energy and produces power. The platform applies information technology to the electric grid to enable distributed energy resources to perform the same as central-station generation. During peak periods, utilities efficiently balance supply and demand by discharging stored power from distributed generation assets or reducing customers' non-essential loads through demand response programs. Additionally, utilities effectively optimize baseload generation assets and relieve stress on T&D assets. The platform's modular, scaleable and upgradeable architecture enables utilities to deploy proven technologies, (e.g., load control devices and advanced batteries) while creating a practical path for integrating new technologies (e.g., plug-in hybrid electric vehicles (PHEVs) and fuel cells). For consumers, the platform provides protection from power outages, increases energy efficiency through online energy management and integrates renewable energy, paving the way for the commercial success of solar and wind energy sources. On the Net: www.gridpoint.com.