SmartSynch Hires Ajit Habbu as Chief Financial Officer

Habbu Brings Proven Leadership and Extensive Technology and Financial Background

Jackson, MS — March 15, 2010

SmartSynch, Inc., a smart grid technology company utilizing standard IP communications via public wireless networks, has hired Ajit Habbu as the company’s Chief Financial Officer.

Habbu joins SmartSynch with more than 25 years of technology and financial experience in a leadership capacity. From 1983 to 1999, he worked for IBM Corporation, where he held numerous management positions, including Chief Financial Officer of the company’s Education Business Unit, a 450-person sales and service organization with worldwide revenue of $1.5 billion.

Most recently, Habbu served as the Chief Financial Officer for Ener1, Inc. (NASDAQ: HEV), a publicly traded clean technology company that makes Li-ion batteries for hybrid vehicles. Prior to Ener1, Habbu was the Chief Financial Officer for Recall Corporation, a $500 million global Information Management Services company, with 239 locations in 23 countries and 4000 full-time employees.

"Ajit’s addition represents the third senior level hire for our company in the last four months, as we continue to gear up for unprecedented growth this year," said SmartSynch CEO Stephen Johnston. "We now have strong, seasoned leadership in place to manage every facet of our business, from finance and marketing to sales and product and partner development."

About SmartSynch
SmartSynch has been the only provider of standard, IP communicating end-to-end smart grid solutions utilizing public wireless networks for the utility industry since 2000. Our clean-tech innovations in the two-way delivery of real-time energy usage data over public wireless networks, in lieu of proprietary networks, have to date simplified deployments for 100 major North American utilities, while enabling their clean-energy initiatives and delivering greater Returns on Resources.

As a smart grid infrastructure company, SmartSynch’s IP-based solutions are capable of delivering grid intelligence to and from any device. Our products and services include SmartMeters™ and SmartBoxes™ that immediately IP-enable the grid, software solutions, and network management services for utilities and their customers, as well as clean-tech companies in need of remote communications and control functionality for products ranging from solar panels to plug-in hybrid vehicles.

IP-based public wireless networks enable utilities to strategically and rapidly deploy more secure and scalable smart grid solutions with minimal capital expenditures. IP networks and solutions may be remotely upgraded to interface with new technologies, since they are built upon open standards and leverage existing programs and tools. SmartSynch’s IP-based Smart Grid communications infrastructure encourages rapid application innovation and delivery of new functionality by allowing the broadest spectrum of ecosystem participants to focus on providing maximum benefits to utilities and their customers.

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