Tigo Energy® Expands Executive Team With Addition of Chief Financial Officer

LOS GATOS, Calif., April 6, 2011 /PRNewswire/ -- Tigo Energy®, the market leader in DC output maximization for photovoltaic (PV) solar installations, today announced that the company has appointed John Niedermaier as Chief Financial Officer (CFO).

(Photo: http://photos.prnewswire.com/prnh/20110406/SF78494)

Niedermaier joins the Tigo Energy team with more than 30 years of experience as a senior executive in technology and service organizations, primarily in telecommunications. Prior to Tigo Energy, Niedermaier served as Executive Vice President, COO and CFO of LGC Wireless, Inc., orchestrating the company's sale to ADC Telecommunications in December 2007. He remained at ADC to lead the LGC Business Unit after the transaction.

Before joining LGC, Niedermaier served in executive CFO roles at Jetstream Communications, Inc., a provider of voice-over-broadband solutions; and SCM Microsystems, Inc., a provider of smart card readers and digital media devices, where he took the company public in 1997.

"Tigo Energy's Maximizer™ system has received tremendous response worldwide from owners of photovoltaic projects of all sizes seeking to cost-effectively increase power production by adding smart electronics to PV modules," said Ron Hadar, Tigo Energy President. "John will be a key part of our management team that is working to take Tigo Energy to the next level."

Niedermaier, whose early career includes senior financial management positions at Octel Communications, VMX, Inc. and KPMG, holds a bachelor of science in Business Administration from Wayne State University and is a certified public accountant.

About Tigo Energy

Based in California's Silicon Valley, Tigo Energy was founded in 2007 and focuses on applying innovative technologies to the solar PV space. Tigo Energy has offices in the United States, Japan, Germany, France, Italy, China and Israel and is commercially shipping volume systems in cooperation with most prominent worldwide solar distributors and EPCs. Additional information on Tigo Energy is available at: www.tigoenergy.com.

SOURCE Tigo Energy

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