April 15, 2014
Juhl Energy, Inc. (OTCQB: JUHL, the "Company"), a leading provider of clean energy solutions and a leader in community wind power development, is pleased to announce the appointment of Mr. Chuck Templeton to its Board of Directors.
Effective April 9, 2014, by unanimous action of the Board of Directors of Juhl Energy, Inc., Chuck Templeton was appointed as a Class I Director of the Company and whose term will expire at the annual meeting of shareholders in 2016. Mr. Templeton is an "independent director" as defined under NASDAQ rules and by the regulations of the Securities Exchange Act of 1934, as amended. Templeton will serve on the Company's Audit Committee, Compensation Committee and Nominations and Governance Committee.
"Chuck is passionate about early stage and emerging companies, and is focused on using business principles to find solutions to the world's most pressing problems," stated Dan Juhl, Chairman of Juhl Energy. "He has had the pleasure of being involved with over two-dozen startups as either an investor, a board member or as an advisor, and currently spends the majority of his time helping impact young, growing companies as Chairman of Impact Engine. We are very proud to add Chuck to our team as a board member."
Mr. Templeton took his first big step as an entrepreneur in San Francisco when he founded OpenTable, which went public on the NASDAQ in May of 2009. He helped build an industry leading company that changed the way full-service restaurants manage their top-line growth and diners make their dinner reservations. While CEO, he recruited and hired the first management team, obtained and allocated company resources, led the business and product strategy, and carefully crafted a highly dedicated culture. OpenTable is the global leader in restaurant reservations with customers in all 50 states and more than a dozen countries.
Templeton used that experience to support the GrubHub team earlier in its growth as an Advisor and Director. He previously served as Chairman of the Board for GrubHub and is on the Board of Directors for Auctions ByCellular, LLC and for Getable.com. He also served as a director of TaskRabbit, Inc. and as a director of I-Go Cars. Chuck spent three years serving in the US Army, becoming Ranger and Sniper qualified.
"Chuck's appointment has happened concurrent with General Wesley Clark's move from a director to a Senior Advisor to the Board," continued Dan Juhl. "This has allowed us to maintain director independence while at the same time enjoying the leadership and guidance that both of these two fine people bring to our Company. We believe Mr. Templeton's focus on environmental issues as well as his demonstrated past success and business acumen will be an asset to the Board."
Effective April 9, 2014, General Wesley K. Clark (ret.) resigned as a director of the Company and assumed the position of Senior Advisor to the Board. General Clark served as a director of the Company since 2009 and was a member of the Company's Audit Committee and Compensation Committee and also served as Chairman of the Company's Nominations and Governance Committee. Since August 13, 2013, the number of directors constituting the Board has been set at six members. Taking into account the appointment and resignation reported herein, the Company has five directors and one vacancy on the Board.
About Juhl Energy, Inc.
Juhl Energy is an established leader in the renewable energy industry with a focus on competitive, clean energy solutions and community-based wind power development, ownership and management throughout the United States and Canada. Juhl Energy pioneered community-based wind farms, developing the currently accepted financial, operational and legal structure providing local ownership of medium-to-large scale wind farms in rural America. To date, the Company has completed 23 wind farm projects totaling 240 MW and provides operations management and oversight across the portfolio. Juhl Energy services every aspect of wind farm development from full development and ownership, general consultation, construction management and system operations and maintenance. Juhl Energy also provides a broad range of clean energy solutions.
Juhl Energy operates three primary business segments: renewable energy development, renewable power plant ownership, and energy and telecommunications services. Through its Juhl Energy Development Inc. (JEDI) subsidiary, the Company provides medium and large-scale wind, solar, and cogeneration energy development services. With its acquisitions of the Valley View, Winona County and Woodstock Hills wind farms; the Company now owns and operates 21.7 MWs of wind power through its renewable power subsidiary, Juhl Renewable Assets, Inc. (JRAI). Through its third subsidiary, Juhl Energy Services, Inc. (JESI), and its acquisition of Power Engineers Collaborative, Inc., the Company provides a full range of engineering services to the energy industry, building systems markets, and heavy industry. JESI also provides full sales and service to smaller, on-site wind and solar projects through its Juhl Renewable Energy Systems division. JESI leverages the Company's deep experience with wind towers to also provide cell and radio tower services through its Juhl Tower Services division. Juhl Energy is based in Pipestone, Minnesota and has offices in Chicago, Minneapolis, Madison and Milwaukee. Juhl Energy is traded on the OTCQB under the symbol 'JUHL'. Additional information is available at the Company's website at www.juhlenergy.com or by calling (507) 562-8090.
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This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Juhl Energy's current expectations about its future results, performance, prospects and opportunities. Juhl Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Juhl Energy and are subject to a number of risks, uncertainties and other factors that could cause Juhl Energy's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements and specifically those statements referring to any specific projects, prospective acquisitions and wind farm assets, and transactions mentioned herein. These risks may be described from time to time in Juhl Energy's subsequent SEC filings; and such factors as incorporated by reference.
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