Tigo Energy Adds Three Prominent Renewable Energy Industry Veterans to Board of AdvisorsJanuary 27, 2009
Los Gatos, CA – January 27, 2009 – Tigo Energy, the solar company whose unique technology significantly increases efficiency in photovoltaic solar installations, announced industry titans, Professor Takashi Tomita, Mr. Yair Cohen and Dr. Nathan Zommer, have agreed to join the company’s board of advisors.
Takashi Tomita now serves as Visiting Professor of the University of Tokyo, Research Center of Advanced Science and Technology; and as a Member of the Market Strategy Board of the International Electro-technical Commission (IEC). Prior to this, Tomita provided 34 years of successful leadership at SHARP Corporation. As an Executive Director of Sharp and head of the Solar Business Group, Tomita guided the company to become the largest solar supplier in the world for seven consecutive years, achieved a total solar business volume of $1.5bn in 2006, and established Sharp as the top residential solar supplier in Japan. Tomita has contributed new technologies into the field of crystalline silicon cell/modules, amorphous/ micro-crystalline silicon thin film processes, and 3-5 compound semiconductor cells/ concentrators. Professor Tomita is a specialist in Semiconductor Physics, Solid State Electronics, Optical Processes, and Microwave Electronics. He actively supports the Solar Industry, having served as Committee Member of Renewable Energy Portfolio Standard of METI, Advisory Board Member of the NARA Advanced and Technology Institute, and Visiting Professor of Tohoku University.
Nathan Zommer, PhD is the Chairman and CEO of IXYS, which he founded in 1983. During IXYS’ 25 year history, he has been an advocate of energy efficient technologies as strategic investment opportunities. Zommer has served as a director since 1983 and as chairman of the board, president and CEO since March 1993. Prior to founding IXYS, Zommer served in a variety of positions with Intersil, Hewlett Packard and General Electric, including as a scientist in the Hewlett Packard Laboratories and director of the Power MOS division for Intersil/General Electric. Zommer also holds many patents in Power OSFETs and IGBTs.
Yair Cohen, joined the IDB Group in 2005, bringing extensive experience in the fields of communication and IT. Previously he served as a Brigadier General in the central military intelligence unit of the Israel Defense Forces (IDF). Cohen headed the IDF’s 8200 Unit, which is responsible for developing state-of-the-art technology and is one of the most complex technology organizations in Israel. He currently provides executive leadership within Clal Energy and Elron as well as serving as a Director at several other IDB Group companies, including: Starling, Safend, RDC, Atlantium, RADLIVE, BPT, Aqwise and Ellara. He also is the Chairman of ECtel.
The three new appointees will join Gary Gerber, President of the California Solar Energy Industries Association - SEIA; and CEO of Sun, Light & Power on the Tigo Energy board of advisors.
“We are pleased that these gentlemen – each a key leader in the energy sector – have recognized the potential within Tigo Energy’s solar solution,” stated Ron Hadar, President of Tigo Energy. “Each has committed their assistance towards our goal of accelerating solar adoption.”
Mr. Cohen, Senior Vice President of IDB Group stated, “Tigo’s innovative technology and great people position the company for strong contributions to the Solar Industry. I’m happy to be part of the team.”
Speaking of the recent additions to the board of advisors and future of the company, Tigo Energy CEO Sam Arditi said, “Tigo Energy is honored to have these international industry leaders join as advisors. We will take their recommendations seriously and look forward to contributing to the growth of the industry as a whole.”
Tigo Energy builds hardware and software intelligence into solar energy installations, making them more efficient, more manageable, and safer. By maximizing the energy output of each individual module, Tigo’s advanced balance-of-system products deliver lower cost of ownership and a faster return on investment for existing and new solar installations. Started in 2007, Tigo raised six million dollars in a round led by Matrix and OVP Venture Partners, and successfully deployed beta installations across US and Europe in cooperation with prominent regional installers.