Smart grid company Adura Technologies appoints Jack Bolick as CEO

8 May 2009

Adura Technologies, a smart-grid solutions company, has appointed former Honeywell International executive Jack Bolick as its new CEO.

Bolick, former president of Honeywell Process Solutions, replaces Adura co-founder Zach Gentry, who will become its chief strategy officer.

‘Adura Technologies is entering a growth phase of its development that requires a strong, experienced executive manager with an organisational vision and ability to deliver complex projects to customers,’ Gentry said. ‘Jack has demonstrated these attributes throughout his career, most recently at Honeywell where he grew HPS from $1.5bn to $3bn in just six years. We are fortunate to attract someone of his caliber to Adura.’

Adura Technologies applies low-power wireless mesh networking to the lighting market. Lighting accounts for 38 per cent of US electricity consumption, which is the single largest contributor to US carbon emissions, according to a company statement.

Bolick added, ‘I am excited to be joining Adura Technologies and am eager to lend my experience to guide the company, already on the leading edge of smart grid energy management for commercial buildings, to the next level. Adura has the opportunity to create meaningful jobs in a difficult economy with a solution that reduces stress on the electrical grid while delivering bottom line results to our customers.’

Adura Technologies was founded in 2004 under the auspices of research grants provided by the California Energy Commission’s Public Interest Energy Research grant programme. In 2008, Adura raised $5m in a Series A venture round from Claremont Creek Ventures and VantagePoint Venture Partners.

Copyright © 2009 newnet

Tags: energy efficiency, smart grid

This story was published on Friday, May 8th, 2009 at 11:39 am and is filed under North America, energy efficiency, energy storage. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply