Blue Sphere Adds New Board Member

CHARLOTTE, N.C., Aug. 31, 2016 /PRNewswire/ -- Blue Sphere Corporation (OTCQB: BLSP) (the "Company", "Blue Sphere", "we", "our" or "us"), a clean-tech independent power producer that develops, manages and owns waste-to-energy facilities globally, is happy to welcome Lyron Bentovim as a new member of the Blue Sphere Board of Directors.

Mr. Bentovim currently serves as President and CEO of the Glimpse Group and as a Managing Partner at Darklight Partners in New York, NY.  Darklight Partners is a strategic advisor to small and mid-size public and private companies.  Some of Mr. Bentovim's previous positions include COO/CFO of Top Image Systems, COO/CFO of NIT Health and COO/CFO and managing director at Cabrillo Advisors. From August 2009 until July 2012, Mr. Bentovim served as the Chief Operating Officer and the Chief Financial Officer of Sunrise Telecom, Inc., a leader in test and measurement solutions for telecom, wireless and cable networks.  Prior to joining Sunrise Telecom Inc., Mr. Bentovim was a Portfolio Manager for Skiritai Capital LLC, an investment advisor based in San Francisco. Mr. Bentovim has over 20 years of management experience, including his experience as a member of the board of directors at Manhattan Bridge Capital, RTW Inc., Ault, Inc., Top Image Systems, Three-Five Systems Inc., Sunrise Telecom, Inc., and Argonaut Technologies Inc. Prior to his position in Skiritai Capital LLC, Mr. Bentovim served as the President, COO, and co-founder of WebBrix, Inc. Additionally, Mr. Bentovim spent time as a Senior Engagement Manager with strategy consultancies USWeb/CKS, the Mitchell Madison Group LLC and McKinsey & Company Inc. Mr. Bentovim has an MBA from Yale School of Management and a Law degree from the Hebrew  University.

"We are very pleased to welcome a director with the skills and resources that Mr. Bentovim brings to Blue Sphere and we look forward to leveraging his experience and background," said Shlomi Palas, the Company's CEO.

About Blue Sphere Corporation

Blue Sphere Corporation, is a diversified independent power producer that develops, owns, and operates clean-tech, waste-to-energy facilities in the United States and abroad. The Company primarily converts organic waste into electricity, but also has the ability to generate heat, natural gas and organic byproducts through various technologies. 

Blue Sphere facilities eliminate waste that would normally be disposed in landfills, reduce greenhouse gas emissions and protect water quality, helping to solve important global environmental issues. Blue Sphere is headquartered in Charlotte, North Carolina and has operations in the United States and Europe.  For further information about Blue Sphere, please visit the Company's website: www.bluespherecorporate.com.

Forward-Looking Statements

This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the clean tech sector, (iii) uncertainties regarding implementation of the Company's business strategy, and (iv) other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no assurance that the initiatives described in this press release will be successfully implemented or meet expectations. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.

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SOURCE Blue Sphere Corporation

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