Ormat Launches New Corporate Branding Strategy and Website
September 18 2017 - 3:57PM
Ormat Technologies, Inc. (NYSE:ORA) today launched a new corporate
branding strategy, highlighting its mission to become a leading
global renewable energy company by maintaining its leadership in
the geothermal market and expanding into new markets and
technologies. Following a significant and strategic rebranding
process, Ormat launched its new website www.ormat.com, reflecting a
cohesive new array of branding elements, including a modernized
logo.
Ormat’s modern corporate branding is the culmination of the
transformation started in mid- 2014. After 50 years of building an
established and strong brand as a leader in the geothermal
industry, the new generation of senior leadership outlined an
updated strategy and defined the company’s mission statement.
“Ormat’s new corporate branding strategy is
built on our rich corporate history as an established industry
leader and incorporates the growing opportunities our leadership
team is pursuing going forward,” noted Isaac Angel, Ormat’s Chief
Executive Officer. “Building on decades of experience, we are
leveraging our core capabilities and industry expertise to create
significant, business value for all our stakeholders by advancing
beyond Geothermal to energy management and storage solutions.
Ormat’s brand stands for more than building renewable power plants.
Together with our employees, customers and shareholders, Ormat is
building a sustainable future.”
Click here to learn more on Ormat rebranding
story.
ABOUT ORMAT TECHNOLOGIES
With over five decades of experience, Ormat
Technologies, Inc. is a leading geothermal company and the only
vertically integrated company engaged in geothermal and recovered
energy generation (REG), with the objective of becoming a leading
global provider of renewable energy. The company owns, operates,
designs, manufactures and sells geothermal and REG power plants
primarily based on the Ormat Energy Converter – a power generation
unit that converts low-, medium- and high-temperature heat into
electricity. With 73 U.S. patents, Ormat’s power solutions have
been refined and perfected under the most grueling environmental
conditions. Ormat has 530 employees in the United States and 720
overseas. Ormat’s flexible, modular solutions for geothermal power
and REG are ideal for the vast range of resource characteristics.
The company has engineered, manufactured and constructed power
plants, which it currently owns or has installed to utilities and
developers worldwide, totaling over 2,200 MW of gross capacity.
Ormat’s current 727 MW generating portfolio is spread globally in
the U.S., Guatemala, Guadeloupe, Indonesia and Kenya. Ormat also
intends to expand its operations and provide energy management and
energy storage solutions, by leveraging its core capabilities and
global presence as well as through its Viridity Energy Solutions,
Inc. subsidiary, a Philadelphia-based company with nearly a decade
of expertise and leadership in demand response, energy management
and storage.
ORMAT’S SAFE HARBOR
STATEMENT
Information provided in this press release may
contain statements relating to current expectations, estimates,
forecasts and projections about future events that are
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
generally relate to Ormat's plans, objectives and expectations for
future operations and are based upon its management's current
estimates and projections of future results or trends. Actual
future results may differ materially from those projected as a
result of certain risks and uncertainties. For a discussion of such
risks and uncertainties, see "Risk Factors" as described in Ormat
Technologies, Inc.'s Annual Report on Form 10-K filed with the
Securities and Exchange Commission on March 1, 2017.
These forward-looking statements are made only
as of the date hereof, and we undertake no obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise.
Ormat Technologies Contact: Smadar Lavi Head of
Investor Relations 775-356-9029 (ext. 65726) slavi@ormat.com
Investor Relations Agency Contact: Rob
Fink/Brett Maas Hayden - IR 646-415-8972/646-536-7331
rob@haydenir.com / brett@haydenir.com
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