Published: February 02, 2011
Boston-Power Names Keith Schmid as CEO
WESTBOROUGH, Mass. - (BUSINESS WIRE) - Boston-Power,
Inc., the rapidly growing provider of next-generation lithium-ion
battery cells, battery modules and battery management systems, today
announced that Keith Schmid has been appointed as chief executive
officer. His addition to the management team comes as Boston-Power
expands its product and business development, sales and marketing
activities in key industry sectors that include transportation, utility
energy storage and portable power.
Boston-Power Names Keith Schmid as CEO (Photo: Business Wire)
With customers that include worldwide brands such as HP, Saab, Asus and
NASA, and more to be announced in the first half of 2011, Schmid brings
to Boston-Power a track record for growing companies into industry
leaders coupled with an extensive background in the power systems and
energy storage industries. He joins from Power Distribution, Inc., a
leading provider of power distribution equipment and services, where he
served as president and CEO. Under his leadership, revenues more than
tripled. Schmid is credited with spearheading the diversification of the
product portfolio; executing and integrating strategic acquisitions; and
establishing sales channels in Europe, Asia and Latin America. Earlier
in his career, he held a series of executive-level positions at Exide
Industrial Energy, GNB Technologies, Philips Consumer Communications and
AT&T/Lucent Power Systems.
With the addition of Schmid as CEO, company founder Dr. Christina
Lampe-Önnerud will become Executive Chairman of Boston-Power. In this
position, working closely with Schmid, she will continue her focus on
guiding the company's vision, strategy and
innovation-to-market-development initiatives and serving as a key
spokesperson.
"Demand for energy storage has never been greater - for transportation,
smart grid, mobile devices or countless other applications," said Bandel
Carano, managing partner, Oak Investment Partners. "Boston-Power's
disruptive lithium-ion battery products are being adopted by market
leaders capitalizing on their best-in-class capabilities in performance,
safety, long life, fast charge and environmental sustainability. Keith's
prowess in leading fast growing companies in competitive, high growth
markets positions Boston-Power well to extend its reach into an even
larger community of customers and partners. He will provide an excellent
complement to Christina, as she continues to define the vision for what
lies ahead for battery technology and steers our next generations of
technology into commercialization."
Additional Resources
Boston-Power Recognition
Images/Graphics/Videos
About Boston-Power
Boston-Power,
Inc. is an award-winning systems provider of next-generation
lithium-ion battery technology. Designed to fuel a wide range of
applications, its flagship offerings, Swing and Sonata, serve as the
foundation for a new era of longer lasting, faster charging, safer and
environmentally sustainable batteries. The company's Swing product
delivers unmatched capabilities for Battery Electric and Plug-In Hybrid
Electric Vehicles (BEV/PHEV), and utility energy storage applications.
Sonata delivers industry leading performance to the portable power and
notebook computer markets.
Founded in 2005 by Executive Chairman, Dr. Christina Lampe-Önnerud, an
internationally recognized innovator, entrepreneur and technology
advisor with regard to portable power, energy storage and climate
change, Boston-Power has more than 130 patents filed on its breakthrough
technology. To date, the company has raised $191 million in venture
funding and has earned accolades for its executive leadership and
technology from organizations that include The Wall Street Journal, the
World Economic Forum, Ernst & Young Entrepreneur of the Year and the
Royal Swedish Academy of Engineering Sciences (IVA). Boston-Power is
headquartered in Westborough, Massachusetts, and has Six Sigma-level
mass manufacturing operations in Asia.
Boston-Power, Sonata and Swing are trademarks of Boston-Power, Inc.
Other brand names or product names are trademarks or registered
trademarks of their respective owners.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6595957&lang=en
CHEN PR for Boston-Power
Chris Carleton
o: 781-672-3115
m:
857-891-2989
ccarleton@chenpr.com
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