Press release

Enecsys appoints Michael (Mike) J. Fister as Chief Executive Officer and Board Member

Cambridge, UK, August 23, 2011: Enecsys Limited, a leading provider of reliable solar micro inverter systems, has appointed Michael (Mike) J. Fister to the position of Chief Executive Officer and Board Member. He replaces Henrik Raunkjaer effective August 22, 2011.

Fister joins Enecsys with over 30 years of experience in leading technology companies including five years as CEO of the publicly-listed EDA software company, Cadence Design Systems, Inc. where he was responsible for growing the company from $1.1 billion to $1.6 billion in annual revenue, while substantially improving the financial performance of the company. Prior to that he spent over 20 years with Intel Corporation where he most recently served as senior VP and GM of the Enterprise Platforms group reporting to the CEO. Here he was responsible for growing Intel’s Solutions Business with revenue of approximately $3 billion for high-performance processor lines, server chipsets, board-level products and related software tools. He drove the development and adoption of industry-standard server and server blade technology with strategic partners as well as establishing the high-performance computing category using industry standard processors.

“We selected Mike as the CEO of Enecsys because of his strong technical vision, his drive to understand and meet customer needs and his leadership skills that will be key to achieving our vision and growth strategy,” stated Executive Chairman, Mossadiq S. Umedaly. “Mike has the experience and skills necessary to make Enecsys micro inverters a world leading product and Enecsys into a world leading solar inverter company.”

“I am honored to be selected by Enecsys to lead the team and to execute its growth strategy,” said Fister. “Enecsys has solved one of the most challenging problems in solar PV by developing micro inverters that harvest more energy and are as reliable and long-lasting as solar modules to which they are connected, without adding cost. I strongly believe that the Enecsys patented micro inverter will help accelerate the adoption of solar electricity around the world by lowering the cost per harvested KWh.”

About Enecsys

Enecsys Limited, develops, manufacturers, and markets world-leading, highly reliable, grid-connected solar micro inverters and monitoring systems that offer an outstanding value proposition for solar PV systems. The micro inverter accepts DC power from each solar module and converts it into clean AC power for supply to the electricity grid. The advantages of Enecsys solar micro inverters include: maximized energy harvest, improved safety, increased lifetime and reliability, enhanced performance monitoring, and simplified PV array design and installation. The monitoring system tracks, in real-time, the performance of each PV module and transmits the information through a robust built-in wireless communication system that connects to the Internet via a gateway. Headquartered in Cambridge, UK, the company also has sales and support offices in Bad Homburg, Germany; Redwood Shores, California, USA; and Taipei, Taiwan. For more information, please visit www.enecsys.com.

Press contacts:

North America
Katherine Madariaga, Atomic PR
+1 415-593-3337
E-mail: enecsys@atomicpr.com

Europe
Annette Wiedemann, Atomic PR
+49 89 96 01 34 88
E-mail: enecsyseurope@atomicpr.com