Ice Energy Names Philip Perkins New CFO

GLENDALE, CA. (June 4, 2013) --- Ice Energy, a leading provider of distributed energy storage and smart grid solutions, has appointed Philip Perkins as Chief Financial Officer. Perkins was formerly the CEO of Western Corporate Federal Credit Union, where he oversaw the United States' largest wholesale credit union since March 2009.

Ice Energy CEO Dave Prezioso, said, "We are excited to welcome Philip as a part of the Ice Energy executive team. His presence here will be vital as our Ice Bear utility-scale thermal storage technology gains critical mass, with 2012 seeing us achieve our best year ever in terms of project deliveries and revenue. He understands Ice Energy's business vision and has the necessary expertise to help us execute long-term plans."

Perkins has spent the majority of his career in the financial arena, working for Delaware Investments, Deutsche Bank A.G., and Merrill Lynch in senior level positions that spanned locations from New York to Miami, London and Moscow. In his role as CEO of Western Corporate Federal Credit Union, he was responsible for kindling the idea of the NGN note program, a $39 billion re-securitization of legacy assets from five conserved corporate credit unions.

"I am thrilled to join Ice Energy and to continue my financial career in the energy and utility industry," said Perkins. "The dramatic increase in renewables has brought into sharp focus the need for grid-scale energy storage and I am excited to be a part of a company that is able to deliver the least cost, most reliable, most efficient and truly green energy storage solution for utilities."