Proximetry Adds Smart Energy Veteran Andres Carvallo to Management Team

SAN DIEGO, CA--(Marketwire - May 11, 2011) - Proximetry, a leader in wireless network and performance management software, announced today that smart grid expert Andres Carvallo has joined its management team as Executive Vice President and Chief Strategy Officer. Carvallo, who previously served as Chief Information Officer at Austin Energy where he was the chief architect of the first fully deployed smart grid in the United States, will utilize his expertise to advance Proximetry's wireless network management solution. While Carvallo's primary focus is delivering solutions in the oil, gas and electricity markets, he will also be responsible for product strategy for the public safety, telecommunications and transportation industries.

"We are very happy to welcome smart grid thought leader Andres Carvallo to Proximetry's team," said Proximetry CEO, Tracy Trent. "Andres is one of the most seasoned and well-respected professionals in the smart energy industry who brings with him a plethora of experience in customer relations and a deep understanding of telecommunication trends and issues. I cannot think of a better person to help Proximetry advance its wireless network management solutions in this industry and the others we are active in."

Carvallo brings to Proximetry 25 years of experience in the energy, wireless, computer and software industries. He has held senior executive titles with Austin Energy, Philips Electronics, Digital Equipment, Borland and five start-ups. As Chief Information Officer of Austin Energy, Carvallo was responsible for the utility's technology vision, planning, development and operations, and led a comprehensive and successful technology transformation company-wide. He became an early smart grid proponent, defining and promoting the term "smart grid," was the chief architect of the first fully deployed smart grid in the United States, and was also the chief architect of Austin's innovative Pecan Street Project.

Carvallo holds a B.S. degree in Mechanical Engineering from the University of Kansas and has received over 22 awards for his industry contributions including 2006 CIO 100 by CIO Magazine, 2009 CIO of the Year by Energy Central and the Networked Grid Top 100 by GreenTech Media in 2010. Carvallo is currently a board member of the Utility Telecom Council's Smart Networks Council and an energy and technology advisor to several leading universities around the country.

"I am thrilled to be joining Proximetry, a leader in providing wireless network and performance management solutions for today's increasingly complex wireless eco-systems," said Carvallo. "Proximetry's carrier-class software solution, AirSync™, is the only solution that enables dynamic wireless network management and optimization of multi-network, multi-frequency, and multi-protocol infrastructure through a single integrated system. AirSync™ brings greater predictability to mission-critical traffic when managing hybrid networks operating in dynamic environments, making it an ideal solution for the energy, public-safety, telecommunications and transportation industries. I'm excited to help advance Proximetry's solutions and global market adoption."

About Proximetry

Proximetry is a leading global wireless network and performance management solutions provider for the energy, public safety, telecommunications, and transportation industries, with customers ranging from utilities in the United States and Mexico, to telecommunications providers in India. Proximetry enables wireless operators to easily and seamlessly visualize, provision, and optimally manage their multi-network, multi-frequency, and multi-protocol infrastructure, resulting in lower network operating costs, higher revenues via new powerful service offerings and higher customer satisfaction. AirSync™, the company's carrier-class software system, allows state of the art dynamic monitoring, control, and management of wireless networks from a single network operations center. AirSync™ supports 4G LTE, Wimax, Wi-Fi, 3G and multiple flavors of RF-Mesh networking technologies. Founded in January 2005, Proximetry is privately held, headquartered in San Diego, California, and backed by Munich Venture Partners, Aeris Capital, Investec and Rembrandt Venture Partners. For more information, please visit www.proximetry.com.