WALTHAM, Mass., June 3 /PRNewswire-FirstCall/ -- American DG Energy Inc. (NYSE Amex: ADGE), a leading OnSite Utility, offering clean electricity, heat, hot water and cooling solutions to hospitality, healthcare, housing and athletic facilities, today announced that Deanna M. Petersen was elected to the Board of Directors during the Company's annual meeting of stockholders held on Thursday, May 27, 2010.
Ms. Petersen is Vice President of Business Development for Shire Human Genetic Therapies, where she initiates and manages partnering, licensing and merger and acquisition activities worldwide. Previously, she was Vice President of Business Development for Antigenics Inc. and Coley Pharmaceutical Group, Inc. Ms. Petersen is Co-Chair of the Business Development Committee for the Massachusetts Biotechnology Association and previously the Treasurer on the Board of Directors for the Healthcare Businesswomen's Association, Boston Chapter. Ms. Petersen holds a Bachelor of Science in Biology from Iowa State University and a Master of Business Administration from The University of Iowa.
"We are excited to have Deanna as a new member of our Board of Directors. Her knowledge and expertise in strategic planning, business development and market development will be a great benefit to our Board of Directors and will help us build additional value for our shareholders," said John N. Hatsopoulos, Chief Executive Officer of American DG Energy.
The Board determined that Ms. Petersen is an independent director and she will serve as a member of the Company's audit, compensation and nominating and governance committees.
About American DG Energy
American DG Energy supplies low-cost energy to its customers through distributed power generating systems. The Company is committed to providing institutional, commercial and small industrial facilities with clean, reliable power, cooling, heat and hot water at lower costs than charged by local utilities – without any capital or start-up costs to the energy user – through its On-Site Utility energy solutions. American DG Energy is headquartered in Waltham, Massachusetts. More information can be found at www.americandg.com.
This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Important factors could cause actual results to differ materially from those indicated by such forward-looking statements, as disclosed on the Company's website and in Securities and Exchange Commission filings. This press release does not constitute an offer to buy or sell securities by the Company, its subsidiaries or any associated party and is meant purely for informational purposes. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
SOURCE American DG Energy Inc.