Orbital Energy Group, Inc. Announces Experienced Financial Executive, Paul T. Addison, To Join Board Of Directors

Orbital Energy Group, Inc. today announced the appointment of Paul T. Addison as an independent director of the company, effective immediately. Mr. Addison’s appointment expands the board to eight directors, five of whom are independent directors.

“Paul’s many years of broad financial experience across the energy value chain and public utility markets, coupled with his board experience will add a valuable perspective to our board of directors,” said Jim O’Neil, OEG’s CEO & vice-chairman. “We appreciate his willingness to serve as a director and look forward to benefitting from his experience, judgment, and counsel.”

Before his retirement, Mr. Addison was managing director – utilities department at Salomon Smith Barney (Citigroup). In that role, Mr. Addison’s leadership was impactful as he served in several positions including senior credit officer and managing director in the firm’s energy and utilities department. Mr. Addison’s executive positions maximized his expertise in utilities, at the intersection of investment banking and the financial services sector. Mr. Addison retired from Salomon Smith Barney in 2002. He contributes his leadership and extensive experience in finance toward his board representation and community endeavors.

Mr. Addison is a former director of FirstEnergy Corporation where he served as independent director; chairman of the finance committee; and member of the audit committee as a designated financial expert. He was involved in numerous financings over his term on the board and significantly participated in the company’s $4.7B acquisition of Allegheny Energy in 2010.

Mr. Addison is currently serving as trustee and treasurer of Maimonides Medical Center, a non-profit and non-sectarian hospital located in Brooklyn, New York.

Mr. Addison graduated from Howard University with a B.A. in political science and economics and holds an MBA from the Harvard University Graduate School of Business with a focus in finance and general business administration.

"I am very pleased to welcome such an experienced industry professional as Paul Addison to the Orbital Energy Group’s board," said William Clough, OEG’s chairman & CLO. "He brings extensive expertise in areas vital to OEG, particularly our T&D and telecom divisions. He is a genuine financial expert and experienced board member with an exceptional rolodex and understanding of the fundamentals of the energy industry."

Mr. Addison commented, “I am delighted to be joining such a progressive, growth-oriented company as Orbital Energy Group. I have observed the most recent performance with great interest. I look forward to contributing to further profitable growth and enhancing shareholder value at Orbital Energy Group as it expands its commercial footprint in the energy sectors and beyond.”

About Orbital Energy Group
Orbital Energy Group, Inc. formerly known as CUI Global, Inc., is creating a diversified full-service electrical, telecommunications, and renewable infrastructure services platform through the acquisition and development of innovative companies.

Orbital Energy's group of businesses includes: Orbital Gas Systems, Orbital Power Services, Eclipse Foundation Group and Orbital Solar Services. Orbital Gas Systems is a 30-year leader in innovative gas solutions, serving the energy, power and processing markets through the design, installation and commissioning of industrial gas sampling, measurement, and delivery systems.

Orbital Power Services provides engineering, construction, maintenance and emergency response solutions to the power, utilities, and midstream markets. Eclipse Foundation Group is a drilled shaft foundation construction company that specializes in providing services to the electric transmission and substation, industrial, communication towers and disaster restoration market sectors, with expertise in water, marsh, and rock terrains.

Orbital Solar Services provides engineering, procurement, and construction ("EPC") expertise in the renewable energy industry and established relationships with solar developers and panel manufacturers in the utility scale solar market.

As a publicly traded company, Orbital Energy Group is dedicated to maximizing shareholder value. But most important, our commitment to conduct business with a high level of integrity, respect, and philanthropic dedication allows the organization to make a difference in the lives of their customers, employees, investors, and global community.

For more information, visit www.orbitalenergygroup.com.