Business Wire
http://www.arraypower.com
October 06, 2011 07:00 AM Eastern Daylight Time 

ArrayPower Builds Executive Team with VP Appointments

Company adds former leaders from Satcon, Innovalight, eIQ Energy

SUNNYVALE, Calif.--(BUSINESS WIRE)--ArrayPower, a Silicon Valley-based power electronics company, today announced the appointment of three members to its core leadership team. Joining the company as vice presidents are Nick Cravalho, Kris Jernstedt and Milan Ilic, who bring to ArrayPower more than 60 years of combined experience in the solar, semiconductor and power electronics industries.

“Together, we are well positioned to expand the company’s presence in the international solar market and build a strong network of customers and partners around the globe.”

This news comes on the heels of ArrayPower’s launch of its Sequenced Inverter technology, which is fully integrated into solar photovoltaic (PV) modules to enable a simple, reliable and affordable solution to enhance system performance.

Milan Ilic was named vice president of systems design for ArrayPower, where he will drive the company’s development and system solution efforts. With more than 25 years of experience in the engineering field, Ilic most recently served as the senior director of research and development for inverter manufacturer Satcon. His additional experience includes technical positions with General Electric, Advanced Energy and Ascent Power Technology, among others. Ilic earned his doctorate in electrical engineering from the University of Colorado at Boulder.

Kris Jernstedt joins ArrayPower as vice president of sales and applications support. In this role, he will be responsible for overseeing sales strategy and customer relations. Jernstedt comes to ArrayPower from eIQ Energy, where he acted as vice president of worldwide sales and field operations. Prior to this, he served in various leadership positions with publicly held companies such as Advanced Energy and Xantrex Technology. Jernstedt holds a master’s degree in business administration from Pepperdine University.

Nick Cravalho was appointed vice president of business development for ArrayPower to accelerate company growth by drawing on his extensive solar and semiconductor industry expertise. Before joining ArrayPower, Cravalho served as vice president of business development and marketing for silicon ink manufacturer Innovalight, which was recently acquired by DuPont. He also previously held a variety of management positions for solar companies including MiaSolé and Applied Materials. Cravalho received a master’s in management and engineering from the Massachusetts Institute of Technology.

“As we prepare to officially unveil our Sequenced Inverter technology, ArrayPower is fortunate to add Milan, Kris and Nick to its already exceptional team of business and technology experts,” said Wendy Arienzo, CEO of ArrayPower. “Together, we are well positioned to expand the company’s presence in the international solar market and build a strong network of customers and partners around the globe.”

About ArrayPower

Based in Sunnyvale, Calif., ArrayPower produces Sequenced Inverter technology for application in solar energy systems to maximize module performance, simplify installation and improve capital returns. Sequenced Inverters are fully integrated with the solar module to create AC power that is grid-ready and commercial grade. The result is a durable, safe and integrated system that delivers more power at optimal costs. ArrayPower was founded in 2008 and is led by an executive team with extensive international experience in the solar, power electronics and semiconductor industries.

Contacts

Antenna Group for ArrayPower
Kimberly Setliff, 415-977-1942
arraypower@antennagroup.com

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