San Diego, Calif., Aug. 9, 2013 – Power Analytics Corporation, a leader in the development of advanced electrical power management solutions, has named Kevin Meagher president and chief executive officer effective August 19 replacing Michael J. Nark. Mr. Meagher, who served as chief technology officer for Power Analytics for the past eight years, will continue in this role.
Mr. Meagher has extensive experience in technology start-ups, software development and creation of new technologies. He is the inventor of the Power Analytics suite of software marketed under the Paladin® Software brand. Mr. Meagher holds more than 15 patents and has written numerous publications on power, energy, and high availability architectures.
“We are proud to have Kevin lead the company with his wealth of experience and great commitment to the software applications and solutions that give our customers control over critical power infrastructures,” said Mark A. Ascolese, executive chairman of the Power Analytics’ Board of Directors.
“Power Analytics has extraordinary depth in intellectual property, an installed base of over 3,000 customers worldwide and a reputation for real-time power utilization efficiency from data centers to microgrids,” said Mr. Meagher. “And, over the next few months, we will be announcing new and expanded initiatives and activity to advance our market leadership position while continuing to build a world-class team.” said Mr. Meagher.
Paladin Software products currently protect more than $120 billion in customer assets including financial data centers, air traffic control sites, deep sea oil platforms, and power generation and distribution facilities. The Company recently received a contract to assist the United States military in reducing its energy consumption and improving the security of its electrical supply at three separate San Diego area naval bases, under the auspices of the Environmental Security Technology Certification Program (ESTCP).
About Power Analytics Corporation
Used by the power industry for more than 25 years, Power Analytics’ software solutions have surged to the forefront of the electrical system planning, operation and smart grid market space for use in energy intensive, mission-critical facilities and microgrids. The company is headquartered in San Diego, Calif. and has a smart grid center of excellence in Raleigh, N.C.
Power Analytics’ Paladin Software gives energy management and electrical engineering professionals control over their critical power infrastructures from design and modeling to simulation and analysis, saving hundreds of thousands of dollars, minimizing downtime, recovering stranded load capacity, reducing energy costs and optimizing business continuity. For more information about Power Analytics and its products, visit www.PowerAnalytics.com.