People In Business NASDAQ 1

USA

Ronald D. Black starts third year as Energy Focus Director 23 July 2017

NEWS BITES - PEOPLE IN BUSINESS

Ronald D. Black was appointed Director of Energy Focus (NASDAQ:EFOI) two years ago on July 23, 2015.

SECTION 1 BIOGRAPHY RONALD D. BLACK, DIRECTOR

Dr. Black has served on the Board of Directors since July 2015, as the Company's Lead Director since March 2016, and as Chairman of the Board from August 2016 until December 2016. Dr. Black has served as the Chief Executive Officer and President of Rambus Inc. since June 2012 and as a Director of Rambus Inc. since July 2012. Rambus Inc. is a semiconductor and IP products company, with offerings spanning from memory and interfaces to security, smart sensors and lighting. Dr. Black was previously the Managing Director of R.D. Black & Company, a consulting firm, from August 2011. From September 2010 to August 2011, Dr. Black was the Chief Executive Officer of MobiWire, formerly Sagem Wireless, a privately-held mobile handset company headquartered near Paris, France that offers products and services to original equipment manufacturers and mobile network operators in the mobile phone marketplace. From June 2009 to October 2010, Dr. Black served as Chairman and CEO of UPEK, Inc., a developer of antivirus and security software and system tools. Dr. Black currently serves as a board member of FlexEnable, a privately held United Kingdom company, and Microfabrica, a privately held company in Silicon Valley. Dr. Black formerly served as a board member of EnOcean GmbH, a German-based company that manufactures and markets energy harvesting technology, sensors, and radio frequency communication, from 2012 to March 2015. From September 2010 to November 2012, he served as a board member of AuthenTec, Inc., a semiconductor, identity management, biometrics and touch control solutions company, which he joined following the AuthenTec-UPEK merger in September 2010 and from 2007 to 2013, he served as a board member of Inside Contactless, a France-based company engaged in the semiconductors and information technology industry. Dr. Black holds a Bachelor of Science, a Master's of Science, and a Ph.D. in materials science and engineering from Cornell University in Ithaca, N.Y.

SECTION 2 ENERGY FOCUS, INC. SCORECARD (NASDAQ:EFOI):

+ Energy Focus, Inc. is placed 2,114/2,234 in the BSS News Bites ranking of NASDAQ performers in the past year, a percentile ranking of 5.

2.1 Key Financials (All figures percent)

EFOIRevenue GrowthOperating MarginROE
2016-51.9-54.4-56.4
2015122.41420.9
201413.8-6.9-43.4
20138.9-28.4-

2.2 MCap History:

EFOIShare Price (USD)Market Capitalisation (USD)
Last Traded Jul 212.2226.1 million
1 Year ago5.665.1 million
2 Years ago10.92109.4 million

2.3 Growth

+ Revenue growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]

YearRevenue GrowthEBITDA Growth
Dec 16-51.9-
Dec 15122.4469.2

2.4 High Performance Indicator:

DescriptionValueRank In Market
Price Change %0.9In Top Quartile

2.5 Present Value of $US1000 invested in the past

PV$10001-week1-month1-year
EFOI.NASDAQ1,009917407
NASDAQ-100 Index1,0141,0491,274

2.6 Market Position

Energy Focus, Inc. (NASDAQ:EFOI), plummeted $US2.03 (or 47.8%) year to date in 2017 to close at $US2.22. The stock has a 6-month USD relative strength of 19 which means in USD terms it is underperforming 81% of its 47,513 global peers. A price fall combined with a low relative strength is a bearish signal. Compared with the NASDAQ-100 Index which has risen 21.8% YTD, this is a relative price change of -69.5%. The average daily volume of 43,725 shares so far in 2017 was 0.3 times the average daily volume in 2016. In 2017 the market cap has declined $US23.5 million.

2.7 Global Rank

Rank In The American Region [out of 12,828 stocks]

DescriptionValueRankQuartile
MCap (US$)26.1M7,142Third
Total Assets (US$)35M6,577Third
Revenue (US$)31M5,440Second
Net Profit (US$)(16.9M)9,165Third
Net Profit Margin %(54.4)6,562Third
Price to Book0.91,429Top
PV$1000 (1Year) US$4079,429Third
US$ Change (1Year) %-59.99,373Third
Rel Strength 6 Mo (US$)259,639Bottom

SECTION 3 OTHER DIRECTORS OF ENERGY FOCUS, INC.

Ted Tewksbury III, Executive Chairman & Director

Michael Port, Chief Financial Officer

Ronald D. Black, Director

Marc J. Eisenberg, Director

Glenda Dorchak, Director

Michael Ramelot, Independent Director

William Cohen, Independent Director

SECTION 4 ENERGY FOCUS, INC. ACTIVITIES

Energy Focus, Inc. designs, develops, manufactures, and markets lighting systems for use in both the general commercial market and the pool market. The Company's Efficient Fiber Optic (EFO) system offers greater energy savings, heat dissipation and maintenance cost benefits over conventional lighting for multiple applications. The Company produces and market a variety of fiber optic lighting systems. Its products fall into two categories, such as fiber optic systems and LED lighting systems. The Company's fiber optic lighting systems are comprised of three components: illuminators, fiber cables, and fixtures. In addition, it also produces customized components, such as underwater lenses, color-changing electric pool lights, landscape lighting fixtures, and a line of lighted water features, including waterfalls and laminar-flow water fountains.

SECTION 5 RECENT NEWS OF ENERGY FOCUS, INC. DIRECTORS

23 July 2017

Glenda Dorchak starts third year as Energy Focus Director

Glenda Dorchak was appointed Director of Energy Focus (NASDAQ:EFOI) two years ago on July 23, 2015.

23 July 2017

Marc J. Eisenberg starts third year as Energy Focus Director

Marc J. Eisenberg was appointed Director of Energy Focus (NASDAQ:EFOI) two years ago on July 23, 2015.

05 July 2017

Energy Focus chief financial officer Michael Port awarded shares

Energy Focus (NASDAQ:EFOI) chief financial officer Michael Port, was awarded 1,416 shares worth $US3,724 on June 30.

01 July 2017

Marc J. Eisenberg - Energy Focus updates director's profile

Energy Focus recently released their definitive SEC filing DEF 14A. The updated profile of Marc J. Eisenberg (50), Director is shown below.Mr. Eisenberg is Chief Executive Officer and a Director of ORBCOMM Inc., positions he has held since March 2008. ORBCOMM is a global provider of machine-to-machine solutions, including network connectivity, devices and web reporting applications. He previously served as its Chief Operating Officer from February 2007 to March 2008, Chief Marketing Officer from June 2006 to February 2007 and Executive Vice President, Sales and Marketing from March 2002 to June 2006. Mr. Eisenberg holds a Bachelor's of Science degree in Marketing and Management from New York University.

01 July 2017

Glenda Dorchak - Energy Focus updates director's profile

Energy Focus recently released their definitive SEC filing DEF 14A. The updated profile of Glenda Dorchak (63), Director is shown below.Ms. Dorchak has been a member of the Board of Directors of Mellanox Technologies, a leading global supplier of end-to-end InfiniBand and Ethernet interconnect silicon, software and systems, since 2009 and currently serves as the chair of the nominating and governance committee. Ms. Dorchak also currently serves on the board of Mirametrix Inc., a private software company that provides gaze-tracking software and she is an Operating Advisor to OMERS Private Equity and BDC Venture group for Industrial, Clean-tech and Energy. Ms. Dorchak was Executive Vice President and General Manager of Global Business for Spansion, Inc., a Sunnyvale, California based flash memory provider from April 2012 to June 2013. From January 2009 until September 2010, when it was acquired by Red Bend Software, Ms. Dorchak was the Chief Executive Officer and Vice Chairman of VirtualLogix, Inc., a Sunnyvale, California based provider of virtualization software for wireless and embedded devices. Prior to VirtualLogix, Inc., she served as Chairman and Chief Executive Officer of Intrinsyc Software International, Inc. from August 2006 to November 2008 where she had also served as an independent director from September 2003 to December 2004. Ms. Dorchak was an executive with Intel Corporation from 2001 to 2006, including serving as Vice President and Chief Operating Officer of Intel Corporation's Communications Group; Vice President and General Manager of Intel's Consumer Electronics Group; and Vice President and General Manager of the Broadband Products Group. Prior to her tenure at Intel Corporation, she served as Chairman and Chief Executive Officer of Value America, Inc., an online retailer, from September 1999 to November 2000.

01 July 2017

Ted Tewksbury III - Energy Focus updates director and executive chairman's profile

Energy Focus recently released their definitive SEC filing DEF 14A. The updated profile of Ted Tewksbury III (60), Director and Executive Chairman is shown below.Dr. Tewksbury is the Founder and CEO of Tewksbury Partners, LLC, providing strategic consulting, advisory and board services to private and public technology companies, venture capital and private equity firms, since 2013. He had served as President and Chief Executive Officer (from November 2014) and a director (from September 2010) of Entropic Communications, a public company specializing in semiconductor solutions for the connected home, until its sale to MaxLinear, Inc., another public semiconductor company, in April 2015, and he remains a director of MaxLinear, Inc. He has been a director of Jariet Technologies, a private company specializing in digital microwave integrated circuits for wireless infrastructure, backhaul and military applications, since its spinoff from Semtech in 2015. From 2008 to 2013, Dr. Tewksbury served as President and Chief Executive Officer and a director of Integrated Device Corporation, a public semiconductor company. Dr. Tewksbury received a B.S. degree in Architecture, as well as M.S. and Ph.D. degrees in Electrical Engineering from MIT.The Board of Directors believes that Dr. Tewksbury's qualifications to serve as a Board member include his role as the Company's Chief Executive Officer and President since February 2017, his executive leadership experience with public and private technology companies, and his distinguished track record of transforming and building visionary businesses.

01 July 2017

Ronald D. Black - Energy Focus updates director's profile

Energy Focus recently released their definitive SEC filing DEF 14A. The updated profile of Ronald D. Black (53), Director is shown below.Dr. Black has served on the Board of Directors since July 2015, as the Company's Lead Director since March 2016, and as Chairman of the Board from August 2016 until December 2016. Dr. Black has served as the Chief Executive Officer and President of Rambus Inc. since June 2012 and as a Director of Rambus Inc. since July 2012. Rambus Inc. is a semiconductor and IP products company, with offerings spanning from memory and interfaces to security, smart sensors and lighting. Dr. Black was previously the Managing Director of R.D. Black & Company, a consulting firm, from August 2011. From September 2010 to August 2011, Dr. Black was the Chief Executive Officer of MobiWire, formerly Sagem Wireless, a privately-held mobile handset company headquartered near Paris, France that offers products and services to original equipment manufacturers and mobile network operators in the mobile phone marketplace. From June 2009 to October 2010, Dr. Black served as Chairman and CEO of UPEK, Inc., a developer of antivirus and security software and system tools. Dr. Black currently serves as a board member of FlexEnable, a privately held United Kingdom company, and Microfabrica, a privately held company in Silicon Valley. Dr. Black formerly served as a board member of EnOcean GmbH, a German-based company that manufactures and markets energy harvesting technology, sensors, and radio frequency communication, from 2012 to March 2015. From September 2010 to November 2012, he served as a board member of AuthenTec, Inc., a semiconductor, identity management, biometrics and touch control solutions company, which he joined following the AuthenTec-UPEK merger in September 2010 and from 2007 to 2013, he served as a board member of Inside Contactless, a France-based company engaged in the semiconductors and information technology industry. Dr. Black holds a Bachelor of Science, a Master's of Science, and a Ph.D. in materials science and engineering from Cornell University in Ithaca, N.Y.

01 July 2017

Michael Ramelot - Energy Focus updates director's profile

Energy Focus recently released their definitive SEC filing DEF 14A. The updated profile of Michael Ramelot (71), Independent Director is shown below.Mr. Ramelot has been a consultant since 2002 on many projects, including serving as project leader on BlackLine system implementations to enhance the financial close process of several multi-million dollar companies; serving as project leader on due diligence, accounting valuations and appraisals related to acquisitions; researching and preparing position papers for companies on complex accounting issues; preparing various SEC filings; and assessing and implementing compliance with Section 404 of Sarbanes-Oxley at several companies. Prior to becoming a consultant, Mr. Ramelot served as the President and Chief Financial Officer of Compro Packaging LLC. Mr. Ramelot received a Master's degree in Business Administration from the University of Santa Clara and a Bachelor of Science degree in accounting from St. Mary's College. He is a Certified Public Accountant.

01 July 2017

William Cohen - Energy Focus updates director's profile

Energy Focus recently released their definitive SEC filing DEF 14A. The updated profile of William Cohen (63), Independent Director is shown below.Mr. Cohen has served as the Chief Executive Officer of Dillon Yarn Corporation since February 2011, and as President from October 1996 to February 2011. Dillon Yarn Corporation manufactures and globally distributes filament yarns, fabrics, flake, chip, staple fiber and non-woven fabric to many segments of the textile industry, including medical, technical, industrial, automotive, home furnishing and apparel. Mr. Cohen is also Chairman and Chief Executive Officer of Atlas Oral Health Care LLC, Chairman and Chief Executive Officer of GAWI, LLC d/b/a Arctic Ease, a Partner in Fabricated Metals, and President of Morristown Helicopter Services Inc. He is a member of the Tel Aviv University Board of Governors and Chairman Emeritus of American Friends of Tel Aviv University. Mr. Cohen attended C.W. Post of Long Island University.

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