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APX Names Joseph Kerecman Managing Director

Industry Veteran Joins Market Leader to Drive Environmental Services Expansion

Santa Clara, CA - October 11, 2007 - APX, Inc., the leading infrastructure provider for North American environmental and energy markets, announced today that Joseph Kerecman has been appointed Managing Director. Kerecman brings more than 20 years of experience in the energy and environmental markets to APX and will be focused on the growth of the APX environmental services business in the renewable energy and emerging GHG markets including government relations at both the state and federal levels.

"APX is North America's leading infrastructure provider for environmental markets in renewable energy and greenhouse gases," said Kerecman. "I share my company's vision of supporting the development of sound environmental policy through markets and look forward to building upon this base and expanding the reach of the company into new markets and growth opportunities."

Prior to joining APX, Mr. Kerecman was with PJM Interconnection where he was responsible for all matters related to renewable energy and enabling technologies. In 2004 he organized and launched PJM first successful subsidiary company, Environmental Services Inc which provides services and enabling infrastructure for renewable markets within PJM. He has also held leadership roles at Exelon, including Vice President and General Partner of Exelon Capital Partners, where he led and managed investments into various energy technologies and energy services companies, and at PECO Energy, Bechtel and Raytheon Engineers and Constructors (now Washington Group International).

"Joe takes on this new role at an exciting time of growth and market expansion," said John Melby, CEO of APX. "His industry experience and leadership will further accelerate our customer momentum and the adoption of the APX Environmental Market DepositoryTM. Our infrastructure platform is the trusted method used by hundreds of leading enterprises, agencies and organizations to validate, track and manage environmental commodities."

About APX, Inc.
APX is North America’s leading infrastructure provider for environmental markets in renewable energy and greenhouse gases including carbon commodities. APX technology is now the system of choice for every major renewable energy market in North America, including the PJM (GATS), ISO New England (NEPOOL GIS), WECC (WREGIS), MISO (M-RETS) and ERCOT (Texas REC) markets. Users of these systems include hundreds of the nation’s largest environmental commodity brokers, marketers, generators, and load serving entities. APX also provides technology, strategic consulting, and expert operational services to assist wholesale power market participants reduce costs and improve performance in power scheduling, settlement, market operations, and demand response programs. A privately held company, APX is headquartered in Santa Clara, CA. www.apx.com.

Contact:
Reiner Musier
APX, Inc.
Chief Marketing Officer
617.699.0929
rmusier@apx.com

 

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