Energy Points Names Gideon Argov Chairman of the Board

BOSTON--(BUSINESS WIRE)--

Energy Points, a provider of total energy ERP, today announced the appointment of Gideon Argov as Chairman of the company's Board of Directors. Mr. Argov brings a proven track record as CEO and board member for developing and leading successful global businesses. Energy Points will draw on his extensive experience to support the company's rapid growth and market expansion.

Energy Points combines advanced analytics with complex resource scarcity data to translate all resources into primary energy, enabling a direct, one-to-one comparison of domains such as electricity, water and fuel. The company directly addresses how companies can maximize both the financial and long-term (sustainability, brand, reputation, etc.) return on their capital investments.

“Energy Points has achieved significant momentum as more businesses understand the value of being able to mathematically quantify their sustainability initiatives and resource consumption. We're excited to welcome Gideon to the board as we move into the next phase of our growth,” Ory Zik, founder and CEO of Energy Points. “As a seed investor in my previous company, HelioFocus, Gideon proved to be an invaluable resource in helping us manage global growth. His experience will be instrumental in managing the rapid growth trajectory here at Energy Points.”

Mr. Argov served as the President and CEO of Entegris from 2004 through 2012. Previously, he served as Managing Director of Parthenon Capital, a private equity partnership based in Boston. Mr. Argov has also held CEO and Chairman positions at Kollmorgen Corporation, a supplier of high performance electronic motion control products, and High Voltage Engineering Corporation. He currently serves on the board of J.M. Huber Corporation, a global producer of engineered materials and specialty chemicals, and of Servotronix, a provider of industrial controls and drives based in Petach Tikva, Israel.

“Businesses are increasingly faced with demands from investors, consumers and board members for transparency and accuracy when conveying sustainability initiatives. By creating a method for businesses to accurately quantify their environmental footprint in a CFO compatible way, Energy Points has transformed how businesses communicate their sustainability,” said Argov. “I look forward to once again working with Ory to help guide the company through the tremendous growth opportunities that lie ahead.”

About Energy Points

For sustainable businesses, Energy Points enables the management and planning of resource consumption. The Company's platform combines advanced analytics with complex resource scarcity data to translate all resources into primary energy, enabling a direct, one-to-one comparison of domains such as electricity, water, waste and fuel. Founded in 2011 by Dr. Ory Zik, who previously founded QuantomiX and HelioFocus, and co-founded by Roy Stein, previous EVP Operations of Grid Point, Energy Points is privately held and headquartered in Cambridge, Mass. For more information, please visit http://www.energypoints.com/.

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Read our Sustainability Made Simple blog: http://www.energypoints.com/blog/