Cypress Envirosystems Names Energy Industry Veteran Thomas R. McDaniel to Board of Directors | Cypress Semiconductor
Cypress Envirosystems Names Energy Industry Veteran Thomas R. McDaniel to Board of Directors
Appointment Boosts Presence in Rapidly Growing Utility Smart Grid,
Energy Efficiency and Demand Response Markets
SAN JOSE, Calif., 2009년 11월 9일 – Cypress Envirosystems, a subsidiary of Cypress Semiconductor Corp. (NYSE:CY), today announced that it has appointed electric power industry veteran Thomas R. McDaniel to its board of directors. McDaniel recently retired from Edison International after 37 years of service.
Most recently, McDaniel served as Edison International's executive vice president, chief financial officer and treasurer. He was responsible for the company's financial, risk management, controller, internal audit and IT functions. Edison International is the parent company of Southern California Edison, a regulated electric utility, and Edison Mission Energy, an independent power company which develops, owns and operates renewable energy and fossil fuel generating projects across the United States.
"Tom's extensive knowledge of utility trends and business drivers will help us to increase our business with utilities and energy industry players,” said Harry Sim, CEO of Cypress Envirosystems. “His feet-on-the-ground engineering experience spans power generation, transmission and distribution to customer premises, bringing deep insight into where our technologies can create the greatest value.”
"Cypress Envirosystems’ focus on improving efficiency and enabling demand response at existing facilities is extremely relevant and compelling,” said McDaniel. "We need to have smart buildings and smart plants integrating seamlessly into the evolving utility smart grid system.. Cypress Envirosystems’ leading-edge portfolio of non-invasive, easy-to-install retrofit solutions for HVAC, pneumatics, steam, compressed air and more deliver efficiency improvements with very attractive returns for its customers.”
Prior to 2005년 1월 1일, McDaniel was chairman, CEO and president, and a director of Edison Mission Energy. During this time, the company owned generating plants in the U.S., Europe, Asia, and Puerto Rico.
McDaniel also served as CEO and a director of Edison Capital, a provider of capital and financial services supporting the growth of energy and infrastructure projects, products and services both domestically and abroad. In addition to interests in conventional and renewable power generation and transmission projects in the U.S., Europe, Africa, and Australia, the company invested and sponsored Latin American, Asian and Eastern European infrastructure funds.
McDaniel is actively involved in several philanthropic and charitable organizations. He serves as a director of the Senior Care Action Network (SCAN), a Medicare Advantaged HMO which provides healthcare to senior citizens. McDaniel is also a director of the $200 million SCAN Foundation whose mission is to support initiatives to improve the cost effectiveness and quality of healthcare for the elderly. Through the McDaniel Family Foundation, he works with the Boys and Girls Club of Huntington Beach, the Adult Day Care Center and the Free Wheelchair Mission. He and his family have distributed approximately 2,500 wheelchairs to the poor and disabled in Chile, Cambodia and Vietnam.
About Cypress Envirosystems, Inc.
Cypress Envirosystems is a subsidiary of Cypress Semiconductor (NYSE: CY). Its mission is to save energy and improve productivity in older plants and buildings, using state-of-the-art non-invasive and wireless technologies to minimize disruption and cost, delivering payback of 12 months or less. More information is available at: www.CypressEnvirosystems.com.
Cypress는 제품 출시 기간을 단축하고 탁월한 시스템 가치를 제공하는 프로그램 가능 고성능 혼합 신호 솔루션을 제공합니다. Cypress는 높은 전압 및 LED 조명 애플리케이션용 PowerPSoC® 솔루션, 터치스크린용 CapSense® 터치 센싱 및 TrueTouch™ 솔루션 등과 같은 주요 PSoC® PSoC(Programmable System-on-Chip) 제품군과 파생 제품을 제공합니다. Cypress는 멀티미디어 핸드셋에서 연결성과 성능을 개선하는 고성능 West Bridge® 솔루션을 비롯한 USB 컨트롤러 분야에서 세계 정상급 기업으로, 고성능 메모리와 프로그래밍 가능 타이밍 장치 분야도 선도합니다. Cypress는 소비자, 모바일 핸드셋, 컴퓨팅, 데이터 통신, 자동차, 산업 및 군대 분야를 망라하여 수많은 시장을 지원합니다. Cypress trades on the NYSE under the ticker symbol CY.* Visit Cypress online at https://www.cypress.com.
* Beginning November 12, Cypress will trade on the NASDAQ under the same ticker symbol.
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Cypress, the Cypress logo, Cypress Envirosystems, the Cypress Envirosystems logo, PSoC, PowerPSoC, CapSense and West Bridge are registered trademarks and TrueTouch is a trademark of Cypress Semiconductor Corp. All other trademarks are property of their owners.