Nexergy Hires Senior Laird Executive as CEO

COLUMBUS, OH — March 2, 2010 — Phil Glandon, Founder and CEO of Nexergy, Inc., a leading designer and manufacturer of battery packs and chargers, announced today that effective March 8, 2010, former Laird Technologies executive Sean Harrigan will join the company as its President and Chief Executive Officer. Glandon, who is stepping down as CEO, stated that he and the board felt that as the company enters a stage of dynamic growth, Nexergy would benefit from an executive with Sean’s experience which includes running a $480 million global electronics business with 21 locations worldwide.

“We can no longer think of ourselves as one of the largest battery pack and charger manufacturers in the U.S.”, Glandon said, “We are now selling and manufacturing around the world, and it’s time for us to have a CEO with Harrigan’s experience and claim our position as a global leader in the custom battery and charger business.”

Harrigan has more than thirty years of domestic and international experience. He worked with E.I. DuPont, Berg Electronics and Brush Engineered Materials, prior to joining Laird Technologies in 2003, a $1.2 billion multinational operation based in St. Louis, MO. He has actively participated as a member of the Electronics Representatives Association (ERA) Manufacturer’s Advisory Committee and as a Conference Speaker on channel marketing at the ERA’s 43rd Management and Marketing Conference as well as the 2006 EDS conference. Harrigan is a graduate of Ohio Wesleyan University.

Glandon will continue to work with the company, focusing on customer relationships, strategic issues and business development as well as serving on the Board of Directors.

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About Nexergy, Inc. With more than 24 years of experience, Nexergy, Inc. is a leading designer, integrator and manufacturer of battery packs and chargers that enable electronic products to be more dependable, smaller, lighter and longer-running. Nexergy, Inc. is based in Columbus, Ohio, with an additional manufacturing location in Escondido, California and a Design and New Product Development Center in Centennial, Colorado. Through its strong international partnerships, the company also manufactures product in the Asia/Pacific region. Nexergy, Inc. is an ISO 9001:2008 certified company. For more information, please visit www.nexergy.com.

Nexergy is a portfolio company of Inverness Graham Investments. Inverness Graham Investments is an operationally focused, lower middle market private equity firm headquartered in suburban Philadelphia that seeks to acquire high growth, technology enabled manufacturing and service companies with revenues between $10 and $50 million. Inverness Graham has approximately $170M under management and was founded by senior executives of the Graham Group of industrial businesses. For over 45 years the Graham name has been synonymous with global industrial innovation in packaging, machinery, recycling, and building products.