RANCHO PALOS VERDES, Calif.,
Aug. 8, 2014 /PRNewswire/
-- Powerstorm Capital Corporation (OTC: PSTO) CEO,
Mike J. Freni, today
announced the appointment of Dr. Sandeep "Sandy" Muju
to a one-year term on Powerstorm Capital Corp.'s Board of
Advisors.
Mr. Muju brings over 20 years of accomplished global leadership
background with Fortune 500 and high-growth companies.
Leveraging his engineering expertise, Mr. Muju has worked
throughout the complete business value chain and has significant
M&A and post M&A integration experience.
He brings extensive experience in driving vision, strategy and
execution, resulting in over $1
billion in business financial results generation thus far.
He has launched new businesses, developed products and
technologies, launched products and services, captured markets,
acquired customers, developed organizations, and implemented
transformational business performance improvements.
Mr. Muju's contributed to supply chain transformation of a
$30 billion defense OEM and a
$4 billion annual material spend
optimization as well as restructuring of a large engineering and
R&D workforce. He also contributed to developing
globalization initiatives for Honeywell China/Mexico/India,
which since 2001 has grown to well over $1
billion in global locations.
He was also tapped to help with large scale post-merger
integration of a multi-billion dollar transaction involving
AlliedSignal-Honeywell, as well as strategized and along with top
management team drove nearly $450M
valuations increase (2X) for Moser
Baer, as well as M&A acquisition of Philips Lab in
Holland, and many such other
transactions during his tenure.
"I am gratified and honored to add Sandy Muju as member of our
growing advisory team. We are at an important juncture in the
development of our energy storage solutions to power the mobile
industry and deliver alternative energy to communities. We foresee
unprecedented growth and need for energy storage and provision of
power to people, as well as a spurt in the emerging
economies. Nearly everyone and everything in those markets is
becoming connected by mobile. This has implications not only for
individuals and businesses around the world, but also for mobile
operators and other players across the ecosystem. Together, with a
team of world class experts in their respective fields, their
innovations are at the very foundation of the success of PSTO's,"
said Mike Freni. "I am delighted to
have the opportunity to work with Sandy, an innovative senior
executive who shares the same goals and vision to draw our road map
and long-term focus to ensure success," added Mike Freni.
"In joining PSTO to support a great management team and a
world-class board, my intention is to contribute to a continuous
growth strategy and furthering technological advancements across
the business value chain, utilizing my strategic and operational
experience to tackle challenges. I welcome our endless
opportunities ahead," Mr. Muju said
Mr. Muju earned a Ph.D. from The Ohio State
University in Mechanical Engineering and MBA from
Arizona State University, W.P. Carey School of Business, both with summa
cum laude honors as well as a Bachelor's in Engineering from the
Indian Institute of Technology,
Kanpur. Sandy also received his Lean Enterprise training and
Six Sigma Blackbelt Certification from Honeywell.
Powerstorm Capital Corp. (http://www.powerstormcapital.com)
maintains offices in Los Angeles,
New York, and The Netherlands, headed by Powerstorm Capital
Corp.'s president, Ana-Maria
Pruteanu, who takes the responsibility and overseas NEMA
territories and works with her team to find the most efficient way
to meet Powerstorm's pipeline and execution goals.
Powerstorm Capital has developed a containerized Energy Storage
Solution for tower operators in the emerging markets. The
foundational and innovative technology from Powerstorm Capital is
protected with several patents pending. Powerstorm's optimized
containerized plug-and-play solution is CAPEX/OPEX reducing,
environmentally sound and easily installed in challenging
environments. The system is built and ready to utilize –a
"mini-grid" that brings opportunity and quality of life to Off-Grid
Communities for the enormous numbers
This release contains forward-looking statements concerning
market developments for our products and corresponding value
propositions for our customers. These forward-looking statements
reflect Powerstorm's current expectations as contemplated under
section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Any such
forward-looking statements are based on Powerstorm's assumptions
relating to its financial forecasts and expectations regarding its
product development efforts, manufacturing capacity, and market
demand.
These statements involve risks and uncertainties that may cause
Powerstorm's actual results to be materially different, including
general economic and regulatory changes, detrimental reliance on
third parties, successfully achieving our business plans and
achieving and sustaining profitability. For a detailed discussion
of these and other risk factors that could affect Powerstorm's
future performance, please refer to Powerstorm's most recent Annual
Information on Form 10K. Readers should not place undue reliance on
Powerstorm's forward-looking statements and Powerstorm assumes no
obligation to update or release any revisions to these forward
looking statements, other than as required under applicable
legislation.
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SOURCE Powerstorm Capital Corporation