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Sunovia Names Patricia C. Meringer Chairman of the Board
Posted February 21, 2012
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Scaled Expansion of LED Lighting Planned
SARASOTA, Fla., -- SunoviaTM Energy Technologies, Inc. (OTC BB: SUNV), a clean-tech company, announced today changes to its board of directors.
Meringer Named Chairman of the Board of Directors
The Board of Directors of Sunovia has elected Patricia C. Meringer as the Chairman of the Board to fill a vacancy on the board.
Meringer will lead the Company's efforts in building and diversifying its board of directors, implementing governance best practices and positioning the Company's board and executive management for anticipated growth in the LED lighting business.
Lighting industry veteran and Sunovia advisor, Mel Interiano, applauded the move. "Ms. Meringer's appointment is an important step, of many to come, that will transform Sunovia from an award-winning technology development company to a recognized industry player in the global lighting marketplace. Patricia's background and expertise are exactly what Sunovia needs at this crucial time in the company's evolution, and I look forward to working with Sunovia as we light this road to expansion and brand recognition."
Interim CEO, Erich Hofer, agreed. "Patricia's expertise in corporate governance will be extremely important to the Company in the near term. The market demand for LED lighting is increasing dramatically. With our patented Aimed Optics® products, we are well-positioned to capitalize on that explosive growth. We will need a strong and diverse team of talent to manage this growth, and Patricia's experience in corporate finance, governance and team-building will be extremely valuable."
While serving as Corporate Counsel and Secretary of Hibernia Corporation, a NYSE-traded public bank holding company (now a part of CapitalOne), Meringer created a charter for the company's newly-formed corporate governance committee and advised the board on implementing its goals for diversity, board training and orientation, board compensation and incentives and succession management. At the same time, she was a team leader for a company-wide process mapping and improvement project aimed at improving operating efficiencies throughout the system.
"I am pleased to accept this appointment, and appreciate the trust that the board has placed in me," said Meringer. "We have an exciting and challenging job ahead of us, and I look forward to continuing to work with our team and our partners to increase manufacturing capacities, expand distribution channels and build value in our Company."
About Patricia C. Meringer
Meringer, who joined Sunovia as corporate counsel in October 2010, serves as the Company's General Counsel and Secretary. She has over 25 years of experience in corporate finance and commercial transactions, both in private practice and as in-house counsel. She practiced law in New Orleans for over 15 years, as an attorney in the corporate and securities practice of a large firm and then as Senior Corporate Counsel and Secretary of Hibernia. She has focused her legal career on corporate and business transactions, including mergers and acquisitions, public and private securities transactions, and purchases and sales of stock and assets, as well as corporate governance. She has achieved an AV-Preeminent® rating from Martindale-Hubbell, which is the highest rating available to attorneys in the peer-review rating system.
Meringer is active in the Sarasota community, having served on the boards of several nonprofit companies and providing pro bono legal services to nonprofit companies and their management. In 2010, she was awarded the Outstanding Pro Bono Service Award for her service to Legal Aid of Manasota's Corporate Counsel Project. In 2011, she was named a Top Lawyer by Biz941 magazine.
Meringer is a graduate of Indiana State University (B.A., magna cum laude) and Tulane Law School (magna cum laude and Order of the Coif), where she served as an editor of the Tulane Law Review.
About Sunovia Energy Technologies, Inc.
About EvoLucia and Aimed LEDs
Sunovia's LED lighting division, EvoLucia, Inc. (www.evolucialighting.com), offers highly efficient, durable, commercial-grade LED lighting for outdoor applications, including parking garages, streets and highways, parking lots, landscaping and more. The Aimed LED lights employ EvoLucia's proprietary, patent-pending Aimed OpticsTM technology, which strategically directs light to the target area and provides better illumination for less electricity.
More information about Sunovia Energy and its EvoLucia LED lighting subsidiary is available in the company's Securities and Exchange filings, which can be found at www.sec.gov or at www.sunoviaenergy.com.
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SunoviaTM Energy Technologies, Inc.
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