GridPoint Appoints VP of Business Development James T. Spann; Formerly an Executive with Teleflex Inc. and Xantrex Technologies, Spann Will Lead Intelligent Energy Management's Company's Sales Force and Corporate Growth

Business Wire, April 20, 2006

WASHINGTON -- GridPoint, Inc.(TM), a provider of intelligent energy management (IEM) appliances, today announced the appointment of Vice President of Business Development, James T. Spann, formerly an executive with Teleflex Energy Systems and Xantrex Technologies. Mr. Spann will be responsible for corporate growth, including day-to-day leadership of GridPoint's sales force.

Previously, Mr. Spann served as Vice President and General Manager for Teleflex Energy Systems, a leading manufacturer of heaters and auxiliary power units and a division of Teleflex Inc., where he led sales, marketing, engineering, and customer service. Under his leadership, Teleflex Energy doubled its revenue to $85 million in 2005. Prior to Teleflex, Mr. Spann led operations at Xantrex Technologies, Inc., the industry leader in stationary and mobile power management products with $135 million in annual sales. While at Xantrex, Mr. Spann managed the operational integration of five acquisitions, improved return on sales 21 percent, and implemented a supply chain management sourcing strategy.

Prior to Xantrex, Mr. Spann held several executive positions at the Square D Company, a market-leading brand of electrical distribution and industrial control products, systems and services. He served as President of Square D Mexico, Vice President of Operations of Square D Canada, as well as General Manager and Plant Manager for the Power Instrument and Transformer groups.

"Jim's expertise in building brands and market share in the power management and electrical distribution and control industries will be invaluable to GridPoint at this stage of our growth," said Peter L. Corsell, President and CEO of GridPoint. "Our sales team looks forward to working with Jim to make GridPoint a household name in the energy management business."

Mr. Spann holds a B.S. in business management and industrial engineering from LaSalle University and has attended the Kellogg Executive Program at Northwestern University.

About GridPoint

GridPoint's intelligent energy management (IEM) products ensure clean, reliable power, increase energy efficiency, and integrate renewable energy. With GridPoint, home and business owners can automatically protect themselves from power outages, manage their energy online and reduce their carbon footprint. GridPoint's "plug-and-play" appliances are easy to install and sold through a network of premium home builders, utilities, retail chains and government entities as well as installers and contractors of electrical, heating, air-conditioning, home automation, power quality and renewable energy systems.

On the Net: www.gridpoint.com