[October 04, 2012]

Former Florida Power & Light CEO Armando Olivera To Support GridGlo's Board of Directors

GridGlo LLC, a company specializing in data fusion and smart grid data analytics, announced today the addition of Armando J. Olivera as an Advisor to its Board of Directors. Olivera is the retired president and chief executive officer of Florida Power & Light Company (FPL), a subsidiary of NextEra Energy, Inc.

"GridGlo is honored to have Mr. Olivera as a key resource to the company," said Isaias Sudit, founder and CEO of GridGlo. "His decades of utility industy experience and relationships will provide tremendous support to GridGlo as we continue to grow our business."

FPL, one of the largest investor-owned electric utilities in the U.S., grew its assets 79 percent to $31.8 billion under Olivera's leadership. He was appointed president in 2003, CEO in 2008, and retired in May 2012 after 40 years with the company. During his tenure he managed a multibillion-dollar capital investment program that included one of the country's largest deployments of smart meters.

Olivera earned a bachelor's degree in electrical engineering from Cornell University and a master of business administration from the University of Miami. He serves as a director for AGL (News - Alert) Resources Inc. and is a member of the board of trustees for Cornell University and Miami Dade College.

GridGlo also recently added Ronald Renzini, former VP of Sales for Itron, to its Advisory Board. Renzini is now the Chief Operations Officer for Corporate Systems Engineering, a leader in the direct load control industry. Renzini joins existing GridGlo Advisors including chairman Jesse Berst, a leading authority on the emerging smart grid market, and Paul De Martini, former head of Cisco's (News - Alert) Energy division.

About GridGlo

GridGlo® is a private company providing insights into energy consumption. Based in Delray Beach, Florida, we work with utilities to extract value from energy consumption data. Our core strengths are data fusion, data aggregation, algorithm development, and scoring matrices. We have developed a proprietary software platform that can identify, score, and provide recommendations to improve utility operations and increase customer engagement. Our platform allows us to create many dynamic applications that offer insights into the behavior of all smart grid players from the utility to the consumer. For more information, please visit: http://www.gridglo.com.

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