Menlo Park, CA November 3, 2008: Adura Systems’ announced today that Joe Savanyo, former business development director for Ford’s Greenleaf subsidiary, has joined its Advisory Board.

Joe brings a wealth of industry experience to Adura Systems. Joe was previously a New York Investment banker, and an Engineer at both GM NYSE:GM and Ford NYSE:F, where he worked with corporate and entrepreneurial environments holding many business and technical positions covering all functional areas on a global basis.  Joe has previously developed electric vehicles and industry first vehicles for Ford and GM. Joe has led joint Ford and GM clean tech initiatives for the Society of Automotive Engineers.  Joe is also a VC mentor for the University of Michigan Ross Business School where he facilitates the commercialization of clean technologies. He is partner at Atera Partners LLC, a private equity and corporate advisory group. He has founded and sold or taken public clean tech firms, such as American Plastic Processing. Mr. Savanyo has been an invited speaker and consultant at The Yale Club, Goldman Sachs NYSE:GS, McKinsey & Company, UBS NYSE:UBS, Credit Suisse NYSE:CS, Fidelity Investments, Deutsche Bank NYSE:DB, Battery Ventures, Swiss RE, William Blair, Bain & Company, Putnam Investments, D.E. Shaw, Och-Ziff, and KPMG, among others. Joe has been active in a variety of strategic fuel efficiency and clean tech initiatives around the globe including board membership of the Great Lakes Renewable Energy Association.

"Joe’s experience with the original equipment manufacturers, sourcing, manufacturing operations and industry knowledge makes him the ideal person for strategic counsel” said Adura Systems’ CEO Marv Bush. “The addition of a seasoned industry executive to the Advisory Board at Adura Systems demonstrates that Adura Systems is tapping industry experience and marrying it with Silicon Valley know how to redefine fuel efficiency and emissions in building the next great energy efficient drivetrain technology.”

"The opportunity to work with a leading fuel efficiency drivetrain IP Company in the world, and one that is quickly developing its brand, is very exciting.” said Joe Savanyo. “Adura Systems’ technology surpasses them all – the Europeans, the Americans, the Japanese and the Koreans. Adura Systems’ team has the vision, passion and the engineering expertise to make Adura Systems a driving force of revolutionary change.”  

Joe holds a Masters in Business Administration from The University of Michigan and a Bachelor of Science in Mechanical Engineering from Michigan State University.

Adura Systems, Inc. is a clean technology leader in Serial Plug-in Hybrid IP for the transportation industries. The company intends to deliver technology-leading system platforms and intellectual property to the mass transportation market, enabling near zero emissions and extreme fuel efficiency.  Adura Systems addresses the key challenges industry and manufacturers face today: cost, fuel consumption, emissions, range and robust power. Adura Systems is headquartered in Menlo Park, CA., and has offices in Shanghai, China.

Contacts

Marv Bush, Adura Systems (650) 917-1722 or marvb@atria-inc.com

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