|By PR Newswire||
|August 8, 2014 07:00 AM EDT||
RANCHO PALOS VERDES, Calif., Aug. 8, 2014 /PRNewswire/ -- Powerstorm Capital Corporation (OTC: PSTO) CEO, Mike J. Freni, today announced the appointment of Dr. Sandeep "Sandy" Muju to a one-year term on Powerstorm Capital Corp.'s Board of Advisors.
Mr. Muju brings over 20 years of accomplished global leadership background with Fortune 500 and high-growth companies. Leveraging his engineering expertise, Mr. Muju has worked throughout the complete business value chain and has significant M&A and post M&A integration experience.
He brings extensive experience in driving vision, strategy and execution, resulting in over $1 billion in business financial results generation thus far. He has launched new businesses, developed products and technologies, launched products and services, captured markets, acquired customers, developed organizations, and implemented transformational business performance improvements.
Mr. Muju's contributed to supply chain transformation of a $30 billion defense OEM and a $4 billion annual material spend optimization as well as restructuring of a large engineering and R&D workforce. He also contributed to developing globalization initiatives for Honeywell China/Mexico/India, which since 2001 has grown to well over $1 billion in global locations.
He was also tapped to help with large scale post-merger integration of a multi-billion dollar transaction involving AlliedSignal-Honeywell, as well as strategized and along with top management team drove nearly $450M valuations increase (2X) for Moser Baer, as well as M&A acquisition of Philips Lab in Holland, and many such other transactions during his tenure.
"I am gratified and honored to add Sandy Muju as member of our growing advisory team. We are at an important juncture in the development of our energy storage solutions to power the mobile industry and deliver alternative energy to communities. We foresee unprecedented growth and need for energy storage and provision of power to people, as well as a spurt in the emerging economies. Nearly everyone and everything in those markets is becoming connected by mobile. This has implications not only for individuals and businesses around the world, but also for mobile operators and other players across the ecosystem. Together, with a team of world class experts in their respective fields, their innovations are at the very foundation of the success of PSTO's," said Mike Freni. "I am delighted to have the opportunity to work with Sandy, an innovative senior executive who shares the same goals and vision to draw our road map and long-term focus to ensure success," added Mike Freni.
"In joining PSTO to support a great management team and a world-class board, my intention is to contribute to a continuous growth strategy and furthering technological advancements across the business value chain, utilizing my strategic and operational experience to tackle challenges. I welcome our endless opportunities ahead," Mr. Muju said
Mr. Muju earned a Ph.D. from The Ohio State University in Mechanical Engineering and MBA from Arizona State University, W.P. Carey School of Business, both with summa cum laude honors as well as a Bachelor's in Engineering from the Indian Institute of Technology, Kanpur. Sandy also received his Lean Enterprise training and Six Sigma Blackbelt Certification from Honeywell.
Powerstorm Capital Corp. (http://www.powerstormcapital.com) maintains offices in Los Angeles, New York, and The Netherlands, headed by Powerstorm Capital Corp.'s president, Ana-Maria Pruteanu, who takes the responsibility and overseas NEMA territories and works with her team to find the most efficient way to meet Powerstorm's pipeline and execution goals.
Powerstorm Capital has developed a containerized Energy Storage Solution for tower operators in the emerging markets. The foundational and innovative technology from Powerstorm Capital is protected with several patents pending. Powerstorm's optimized containerized plug-and-play solution is CAPEX/OPEX reducing, environmentally sound and easily installed in challenging environments. The system is built and ready to utilize –a "mini-grid" that brings opportunity and quality of life to Off-Grid Communities for the enormous numbers
This release contains forward-looking statements concerning market developments for our products and corresponding value propositions for our customers. These forward-looking statements reflect Powerstorm's current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any such forward-looking statements are based on Powerstorm's assumptions relating to its financial forecasts and expectations regarding its product development efforts, manufacturing capacity, and market demand.
These statements involve risks and uncertainties that may cause Powerstorm's actual results to be materially different, including general economic and regulatory changes, detrimental reliance on third parties, successfully achieving our business plans and achieving and sustaining profitability. For a detailed discussion of these and other risk factors that could affect Powerstorm's future performance, please refer to Powerstorm's most recent Annual Information on Form 10K. Readers should not place undue reliance on Powerstorm's forward-looking statements and Powerstorm assumes no obligation to update or release any revisions to these forward looking statements, other than as required under applicable legislation.
SOURCE Powerstorm Capital Corporation
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