RESTON, VA--(Marketwired - Jan 21, 2014) - Tollgrade Communications, Inc., the industry leader in redefining the global standard for reliability at the world's largest electric utilities and telecommunications providers, announced today that their CEO, Ed Kennedy, has joined the Board of Directors of the GridWise Alliance, a coalition of 73 companies and utilities advocating for the development a smarter electricity grid. This year the GridWise Alliance published a number of ground-breaking studies on the state of nation's electric grid including their report on Superstorm Sandy, "Improving Grid Reliability and Resilience: Lessons Learned from Superstorm Sandy and Other Extreme Events" and the "2013 Grid Modernization Index." Tollgrade has been an active member supporting the GridWise Alliance in these efforts and has taken an advocacy role this past year on the need for a more modern grid.
"The GridWise Alliance is a unique representation of all stakeholders -- from manufacturers to utilities -- pushing for modernization because it will make our grid and our nation as a whole stronger. The caliber of the membership and their cumulative years of experience in the energy industry positions the GridWise Alliance as the trusted source of advocacy on all matters related to the smart grid," said Edward H. Kennedy, President & CEO of Tollgrade. "I am very much looking forward to my expanded role as a Board Member and our continued work in pushing for grid transformation."
"I am pleased to welcome Ed to the GridWise Board," Becky Harrison, CEO of the GridWise Alliance. "As CEO of Tollgrade, he has been one of our lead advocates for a more reliable, resilient, safe, and modern electric grid. But, perhaps even more importantly, Ed is an innovator and a successful entrepreneur. We are excited to see his vision take shape as he helps us take the GridWise Alliance to the next level."
As a driver of global telecommunication transformation, Ed has been recognized for his ability to build innovative, high-growth companies. Probably best known as the CEO and President of Ocular Networks, a company he co-founded and sold in less than three years for $355 million dollars to Tellabs, Ed was lauded by Forbes for executing one of 2002's top high-tech deals. Ed was selected as Ernst & Young's 2002 Entrepreneur of the Year Finalist and one of Telephony magazine's top ten leaders of telecommunications transformation.
As CEO of Tollgrade, Ed is putting his experience transforming the telecommunications industry to work by helping utilities modernize their nation's power grid. Under Ed's leadership, deployments have expanded beyond North America into Latin America and Europe, and the company's Smart Grid business has seen a 500% growth in just one year. Tollgrade's LightHouse® Distribution Monitoring platform -- a key enabler of grid modernization -- received a Best Practice Award from Frost + Sullivan, was named market share leader by IHS Research, received the "Substation Automation and Distribution Automation" Award from Fierce Energy, and was awarded "Smart Grid Product of the Year." The solution is used by some of the world's largest Investor Owned Utilities (IOUs), Distribution System Operators (DSOs) and municipalities to reduce outage minutes, improve reliability metrics and protect important assets like substation transformers.
About the GridWise Alliance (www.gridwise.org)
The GridWise Alliance was founded in 2003. The Alliance advocates a vision of an electric system that integrates the infrastructure, processes, devices, information and market structure so that energy can be generated, distributed, and consumed more efficiently and cost effectively; thereby achieving a more resilient, secure and reliable energy system. Its members include utilities, IT companies, equipment vendors, new technology providers and educational institutions.
With more than 200 million lines under test, millions of utility outage minutes avoided annually and 25 years of experience successfully locating faults at the world's largest electric utility companies and telecommunication service providers, Tollgrade is redefining the global standard for reliability. Our award-winning fault detection hardware and predictive analytics software is deployed on four continents to help operators avoid network outages and reduce customer downtime. Tollgrade has been recognized as one of the Top 13 Smart Grid Companies to Watch in 2013 by SmartGrid News, received the Fierce Energy award for "Substation Automation and Distribution Automation" and a Best Practice Award from Frost + Sullivan. In 2013, the company was named the Smart Grid Sensor market share leader by IHS Research, and a Platt's Global Energy Awards finalist. Learn more by visiting www.tollgrade.com.