Michael Petrucelli, Acting Director of U.S. Citizenship and Immigration Services at the Department of Homeland Security, Joins GridPoint as Director of Government Solutions

Petrucelli will lead business development with state and federal governments as well as spearhead R&D efforts with agencies such as the Department of Energy and the Federal Energy Regulatory Commission

WASHINGTON - August 30, 2005 - GridPoint, Inc., a provider of intelligent energy management (IEM) appliances for residential, light commercial and government markets, today announced the appointment of Michael J. Petrucelli to Director of Government Solutions. In that role, Mr. Petrucelli will lead business development with local and federal governments as well as spearhead research and development efforts with agencies such as the Department of Energy and the Federal Energy Regulatory Commission.

Mr. Petrucelli joins GridPoint from the Department of Homeland Security (DHS), where he served as the Acting Director of U.S. Citizenship and Immigration Services after previously working for two years as Deputy Director. Prior to holding positions within DHS, Mr. Petrucelli was Senior Vice President for Operations and Chief of Staff of the Export-Import Bank of the United States. He has also worked on economic and business issues at the Federal Communications Commission (FCC) in both the Office of Commissioner Furchtgott-Roth and the Satellite & Radiocommunication Division of the FCC's International Bureau. "Mr. Petrucelli's work will prove invaluable to meeting the needs of government clients as well as helping customers understand and utilize government-sponsored renewable energy programs," said Peter L. Corsell, President and CEO of GridPoint. "He will also be instrumental in our research and development efforts with federal agencies to create a smarter grid."

Mr. Petrucelli has extensive experience promoting U.S.-Asia trade relations, serving as Executive Director of the U.S.-Thailand Business Council, a trade association which promotes trade between the two countries, and as Director for Thailand, Burma and Financial Services at the U.S.-ASEAN Business Council. As a U.S. State Department Foreign Service Officer from 1992 to 1996, Mr. Petrucelli was assigned to the U.S. Embassy in Bangkok, Thailand, the Bureau of Intelligence & Research in Washington, D.C., and the U.S. Consulate General, Netherlands Antilles.

Mr. Petrucelli holds a master's degree in business administration from Goizueta Business School, Emory University, with concentrations in leadership and international business and also studied international business in the MBA program at Nijenrode University in The Netherlands. Mr. Petrucelli also holds a bachelor's degree in political science from Trinity College in Hartford, CT.

About GridPoint

GridPoint builds intelligent energy management (IEM) products to provide protection from power outages, reduce energy costs and manage energy efficiency for the home and business. GridPoint IEM appliances provide traditional and renewable energy users with instant, automatic backup power based on clean, high-capacity, battery-based technology. GridPoint products also offer the renewable energy user a superior way to integrate alternative energy sources. GridPoint's single cabinet, "plug-and-play" appliances are easy to install and sold through a network of premium home builders, utilities, retail chains and government entities as well as installers and contractors of electrical, heating, air-conditioning, home automation and renewable energy systems.

On the Net: www.gridpoint.com

Contact Information

Suzanne Lauer
703.862.3137 or slauer@gridpoint.com

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