Energy Focus, Inc. Strengthens its Board with the Election of Two New Directors
SOLON, Ohio, July 21, 2014—Energy Focus, Inc. (OTCQB:EFOID), a leader in LED lighting technologies, today announced the election of two new directors, William Cohen and Xin (Adam) He, to its Board of Directors.
At its annual meeting of stockholders held on July 15, 2014 at the Company’s headquarters in Solon, Ohio, stockholders elected seven members to serve on the Company’s Board of Directors, including new members William Cohen and Adam He.
“We are privileged and excited to have Bill and Adam join our Board of Directors,” said James Tu, Executive Chairman and Chief Executive Officer of Energy Focus, Inc. “Bill Cohen is a successful CEO of a global manufacturing and distribution business, an avid serial entrepreneur and a dedicated philanthropist. His business acumen and extensive networks derived from many years of experience in sales, marketing and manufacturing across the U.S. and the world will be invaluable resources for us as we expand our business lines, client base and geographical footprints. And as a stockholder of Energy Focus himself, Bill is anxious to contribute to the growth and success of Energy Focus.”
“Adam He adds to our Board’s global financial and auditing bench strength,” continued Mr. Tu. “As a Certified Public Accountant in both the United States and China, Adam brings to us long-term, well-rounded experience in corporate finance functions for publicly traded companies from both countries. His understanding of risk management, financial control, and cross-border mergers and acquisitions will aid us as we look to strengthen our collaborations with global supply and marketing partners, and to identify and evaluate M&A opportunities.”
“On behalf of the rest of the Board Directors and our shareholders, we welcome Bill and Adam to our Board of Directors. We very much look forward to having their enthusiastic and insightful contributions to help facilitate our significant and sustainable growth ahead,” concluded Mr. Tu.
About William Cohen
Mr. Cohen has served as the Chief Executive Officer of Dillon Yarn Corporation since February 2011, and President from October 1996 to February 2011. Dillon Yarn Corporation manufactures and distributes filament yarns, fabrics, flake, chip, staple fiber and non-woven fabric to many segments of the textile industry, including medical, technical, industrial, automotive, home furnishing and apparel. Mr. Cohen is alsoChairman and Chief Executive Officer of Atlas Oral Health Care LLC, Chairman and Chief Executive Officer of GAWI, LLC d/b/a Arctic Ease, a Partner in Fabricated Metals and Commodore Factors, and President of Morristown Helicopter Services Inc. He is a member of the Tel Aviv University Board of Governors and Chairman Emeritus of American Friends of Tel Aviv University. Mr. Cohen attended C.W. Post of Long Island University.
About Xin (Adam) He
Mr. He has served as Deputy Chief Financial Officer of AMC Entertainment Holdings, Inc. since May 2012, a publicly traded company principally involved in the theatrical exhibition business owning and operating theatres primarily located in the United States. From December 2010 to May 2012, he served as Financial Controller of Xinyuan Real Estate Co., a publically traded developer of large scale, high quality residential real estate projects. From August 2009 to December 2010, Mr. He served as Chief Financial Officer of China International Transportation Holding Group, a shipping and logistics company. Previously, Mr. He served as an auditor at Ernst & Young, LLP. Mr. He obtained a Master of Science in Taxation from Central University of Finance and Economics in Beijing, and a Master of Science in Accounting from Seton Hall University. He is a Certified Public Accountant in the United States and in Peoples’ Republic of China.
About Energy Focus, Inc.
Energy Focus, Inc. is a leading provider of energy efficient LED lighting products, turnkey energy efficient lighting solutions and a developer of energy efficient lighting technology. Our solutions provide energy savings, aesthetics, safety and maintenance cost benefits over conventional lighting. Our long-standing relationship with the U.S. Government continues to enable us to provide energy efficient LED lighting products to the U.S. Navy and the Military Sealift Command fleets.
Customers include national, state and local U.S. government agencies as well as Fortune 500 companies, the U.S. Navy, and many others. Company headquarters are located in Solon, OH, with additional offices in Nashville, TN, and the United Kingdom. For more information, see our web site at www.energyfocusinc.com.
Media and Investor Contact:
Energy Focus, Inc.