PRESS RELEASE:
Energy startup attracts former Apple executive and experienced venture leader to accelerate growth
SAN FRANCISCO–(BUSINESS WIRE)–February 8, 2016–
Ardica Technologies, a leader in powerful, lightweight mobile energy solutions, has appointed Michael Hillman and Pamela Strisofsky to its Board of Directors.
Hillman recently completed a 16-year career at Apple, including as Chief Architect of Desktop Product Design, where he was responsible for architecture, design and engineering of numerous iconic Apple products including the iMac, Mac Pro and a multitude of proprietary technologies implemented across Apple’s product portfolios, including lithium polymer batteries and renewable energy. He has been awarded 28 utility patents, nine design patents and has over 30 pending patent applications.
“Michael has been an enthusiastic fan and friend to Ardica for many years now,” said Kris Lichter, Chief Executive Officer of Ardica. “His insights and support have been invaluable, and we are thrilled he is joining Ardica as we broaden the applications for our novel energy solutions.”
“I am tremendously excited to be part of the Ardica team,” Hillman said. “Ardica continues to impress with their vision and execution in the development of a truly empowering, transformative technology.”
Pamela Strisofsky brings more than 25 years of finance, venture capital and operating experience across both public and private organizations. She is currently Executive Advisor of WealthForge, the industry leader in shifting the private placement investment process from offline to online.
Prior to her role at WealthForge, Strisofsky was Managing Director and COO of Endowment Capital Group, a small cap, concentrated hedge fund. She was also Managing Director and CFO of TL Ventures, an early-stage venture capital firm with $1.5 billion under management. During her TL tenure, she assisted the firm in raising more than $1.2 billion of capital, administered the investment of more than $1.3 billion, and returned more than $1.5 billion to TL’s partners. Pam also served for eight years as the CFO of and advisor to EnerTech Capital Partners.
“Pam has an exceptional background in strategic finance and operating leadership,” said Lichter. “She is a firm believer in Ardica’s future, and I’m very pleased to be partnering with her to commercialize our solutions and expand our partner ecosystem.”
“Ardica has quietly, but aggressively built itself a healthy, competitive technology portfolio, and a growing customer pipeline,” Strisofsky said. “I’m a big advocate of their relentless focus on creating the next generation of disruptive energy solutions for today’s vast and diverse applications.”
The additions of Hillman and Strisofsky to the Ardica board represent a key inflection point for the company’s ten-year journey of product development, noted Lichter.
He added that Ardica’s aluminum hydride fuel, Alane, is ideal for a wide range of applications across government and industry verticals, and the company’s patented ability to manufacture this fuel at both scale and low cost enables the company to unlock virtually any market. As a result, demand for Ardica’s cartridge-based energy solutions far outstrips its current capacity.
“With Michael and Pam’s support, Ardica is poised to free organizations and individuals to use their devices as they see fit, instead of worrying about how, when and where to recharge.”
About Ardica Technologies
Founded in 2004, Ardica Technologies is focused on creating novel, lightweight power solutions that dramatically extend the usage and utility of electronic devices. The company employs a patented hydrogen-based fuel that is safe, stable and energy-rich, and can be used in any application or environment. Ardica is based in San Francisco, CA.
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Ardica Technologies
Marisa Shumway, 415-225-0904
Ardica.com