Energy Focus, Inc. announced that it has appointed two new independent directors, Jennifer Y. Cheng and Geraldine McManus, to its Board of Directors. The appointments were made pursuant to an agreement entered into with the investor group, which holds a 17.6% ownership position in the company, comprised of Gina Huang, Brilliant Start Enterprise, Inc., Jag International Ltd., Jiangang Luo, Cleantech Global Ltd., James Tu, 5 Elements Global Fund L.P., Communal International Ltd., Yeh-Mei Hui Cheng, and 5 Elements Energy Efficiency Limited. The new independent directors were proposed by the investor group and approved by the Energy Focus Board. Ms. Cheng and Ms. McManus will also serve as members of the Nominating and Corporate Governance Committee of the Board. Glenda Dorchak, who has served as an Energy Focus director since June 2015, including as the chair of its Nominating and Corporate Governance Committee and most recently as the chair as its Compensation Committee, has announced that she will step down from the Board. Ms. Cheng is a co-founder and Chairwoman of Social Energy Partners LLC, which pioneered the Intelligent Building as-a-Service model to accelerate the adoption of sustainability technologies and building IoT. Ms. Cheng also served as an independent director of Energy Focus from 2012 to July 2014. Ms. McManus has been a Managing Member of Granger Management since May 2014. Previously, she was a Managing Director in the Investment Management Division at Goldman Sachs, where she worked from February 1998 until February 2014 and helped build its Private Wealth Management business, including structuring its business model and key functions focused on ultra-high net worth individuals and family groups.
Energy Focus, Inc. provides sustainable, energy-efficient lighting and controls systems products for the commercial, military maritime and consumer markets. The Company's commercial products include RedCap emergency battery backup tubular LEDs (TLEDs); EnFocus powerline lighting control platform including dimming (DM) and color tuning (DCT); light-emitting diode (LED) retrofit solutions for existing luminaires, including replacement TLEDs for linear fluorescent lamps, downlights, and retrofit kits for low-bay, high-bay and office applications; and Industrial grade LED Dock lights. Its military maritime market (MMM) LED lighting products include Military-grade Intellitube retrofit TLED and the Invisitube ultra-low EMI TLED and Military-grade fixtures, including LED globe lights, berth lights; high-bay fixtures and LED retrofit kits. The Company's primary target customers for its LED lighting and controls systems are enterprise end-users, as well as contractors or ESCOs.