Firefly Energy Announces New Advisory Board Member; Begins Third Year in Business with Key Appointment
12 May 2005 - 6:34AM
Business Wire
Firefly Energy Inc., formed to create the next generation of lead
acid battery technology based on a material sciences innovation
discovered by Caterpillar Inc. (NYSE:CAT), today announced the
appointment of Wayne Downing to the company's Advisory Board.
Downing retired from active service in the military as a four star
General in 1996 after a distinguished 34 year career in the U.S.
Army. His career included senior commands in infantry, armored,
airborne, special operations and joint units. He commanded all U.S.
special operations forces during the 1989 invasion of Panama and
commanded a joint special operations task force deep behind Iraqi
lines during the Gulf War. Downing culminated his career as
Commander in Chief of the US Special Operations Command (SOCOM). As
Commander at SOCOM, he was responsible for all special operations
forces in the US Army, Navy and Air Force. "Wayne Downing brings
strategic perspective on both current and future challenges faced
by our armed services, and he understands firsthand how battery
capabilities can be a critical impediment or enabler for high
performing military equipment," said Edward F. Williams, CEO of
Firefly Energy. "Wayne's appointment represents a key asset to
Firefly as we continue to establish dual-uses for our advanced
battery technology in both military and commercial marketplaces,"
Williams concluded. Downing is actively involved in a number of
public and private sector boards around the world, such as Science
Applications International Corporation. He is also a noted analyst
on military issues and is seen frequently on NBC's "Today Show" and
MSNBC's "Hardball with Chris Matthews". "I'm pleased to be joining
Firefly Energy's Advisory Board," said Wayne Downing. "The company
has some very novel 'horizontal' battery technology that will apply
across the range of non-portable military applications," concluded
Downing. Downing joins existing Advisory Board members: Dr. Robert
Nelson, founder of the Advanced Lead Acid Battery Consortium
(ALABC); Michael Kepros, former R&D Director of GNB
Technologies (now Exide); and Chuck Mahan, former Lieutenant
General of the U.S. Army, who as the leader of the G4 branch of the
U.S. Army, was responsible for managing yearly worldwide logistics
programs valued at more than $20 billion. About Firefly Energy
(www.fireflyenergy.com): Firefly Energy Inc. ("Firefly") is in the
business to produce and license advanced lead-acid battery
technologies, which hold the opportunity for a major impact in the
$30 billion worldwide battery market. The technology can deliver a
disruptive combination of high performance, extremely low weight
and reduced cost in a battery utilizing traditional, but
non-corrosive, lead-acid chemistry. Firefly's technology delivers a
performance associated with advanced materials (Nickel Metal
Hydride & Lithium) at a cost similar to lead acid batteries.
The company was launched as a spin-out from Caterpillar on May 1,
2003, and is headed by co-founders Edward Williams (CEO), Mil Ovan
(Sr. VP), and Kurtis Kelley (Chief Scientist). Investors include
Caterpillar, United Defense, L.P. (NYSE:UDI), Chicago-area Venture
Capital firm KB Partners, and the State of Illinois' Illinois
Finance Authority.
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