WALTHAM, Mass., March 8, 2011 /PRNewswire/ -- EuroSite Power Inc., an On-Site Utility, offering clean electricity, heat, hot water and cooling solutions to healthcare, multifamily housing and hotel properties in the United Kingdom and Europe, today announced the appointment of James C. Devas to the Company's Board of Directors. Mr. Devas joins John N. Hatsopoulos, Chairman, Barry J. Sanders, CEO of EuroSite Power, and Dr. Ahmed F. Ghoniem, who was named to the board in January.
"With the economy still in recovery, rising cost of energy and the focus on green initiatives, the time is right for EuroSite Power to offer its On-Site Utility energy solution to the British and European markets," stated Mr. Devas. "We have the technology, team and business model to succeed."
Mr. Devas is currently, Chairman of Vividas Ltd, Director and Trustee of Longleat Enterprises, Director at SM Investors International, and Managing Director of Convergent Group. Previously, Mr. Devas held Managing Director and Director positions at Lazard Brothers, Capital Markets Division and EF Hutton London, respectively.
"James' insight and extensive knowledge of the UK and European landscape will provide an invaluable resource to EuroSite Power," said John N. Hatsopoulos. "We look forward to benefiting from his experience as we continue to expand our Company."
About EuroSite Power
EuroSite Power provides institutional, commercial and small industrial properties 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. EuroSite Power, formed to introduce the On-Site Utility solution into the European market, is a subsidiary of American DG Energy Inc. (NYSE Amex: ADGE) which is headquartered in Waltham, Massachusetts. More information can be found at www.eurositepower.co.uk.
SOURCE EuroSite Power Inc.