Blue Square Energy Names Joseph Babin as CEO
Joseph Babin Brings Energy and Executive Experience to Solar Company
NORTH EAST, Md., Oct. 30 /PRNewswire/ -- Blue Square Energy (BSE), a developer and manufacturer of silicon solar cells, announced today that Joseph Babin has been named president and CEO. Mr. Babin brings more than 20 years of experience operating, growing, and transforming early-stage and expansion phase companies to BSE, and had previously served as the company's Chief Operating Officer. Mr. Babin will remain on the Board of Directors, a position he's held since 2005.
Mr. Babin has a long track record leading start-up and expansion phase companies. Prior to accepting the Chief Executive Officer position for Blue Square Energy, he was the CEO of Kinetix where he lead the transformation of a very small contractor to a large regional full scope MEP (Mechanical Electrical and Plumbing), facilities maintenance, and energy services company. Kinetix's primary client base is the federal government.
Mr. Babin has specific experience with building technology-based businesses. He was the executive vice president and principle of Electronic Payment Exchange (EPX) where he and his partners built an online payment processing platform, making the company a national player in the financial transaction processing space and eventually directed a successful sale of the company to Intercept Payment Solutions. Mr. Babin's financial services experience includes his role as president of the NSM Insurance Group where he directed the growth and expansion of a regional insurance operation into a full service $300 million national program underwriter.
"Joe is the best of the best when it comes to running a business that works for its shareholders," said Raymond Moyer, Chair of the Board of BSE. "As a member of the Board, he has had a role in creating a strategic direction for the company, but now he's going to be responsible for implementing it as well. I have all the faith in the world that Joe and his management team will meet our goal of creating the world's most affordable high efficiency solar cell."
"I am very much looking forward to leading this talented group of engineers and researchers that BSE has managed to attract," said Mr. Babin. "Over the next few months, industry watchers in the solar energy space can expect to see a number of exciting new developments from BSE."
A recognized civic leader, Mr. Babin has provided years of service to Philadelphia and the surrounding communities. Besides BSE, he also serves on the Board of Directors for Electronic Payment Exchange (EPX), The Elwyn Institute, Grace Institutional Pharmacy, and Exceptional Care for Children (ECC).
About Blue Square Energy:
Blue Square Energy is a developer and manufacturer of high-performance silicon solar cells headquartered in North East, Maryland. The company produces and distributes the world's largest and most powerful silicon solar cell. It is currently commercializing its proprietary silicon solar cell technology called Bright Point, which utilizes impurity enriched silicon to deliver high efficiency, low-cost solar electricity. More information about Blue Square Energy can be found at http://www.bluesquareenergy.com/.
Contact:
Cass Oryl
of Braithwaite Communications for Blue Square Energy
+1-215-564-3200 ext. 116
coryl@gobraithwaite.com
Web Site: http://www.bluesquareenergy.com/
Source: Blue Square Energy
