23.09.07

23.9.2007: Meldung: Ormat Technologies, Inc.: Yoram Bronicki Appointed President

Yoram Bronicki Appointed President of Ormat Technologies
Thursday September 20, 6:52 am ET

RENO, Nev., Sept. 20 / Ormat Technologies, Inc., today announced that its Board of Directors has appointed Yoram Bronicki, currently the Company"s Chief Operating Officer, to the position of President, effective immediately. Mr. Bronicki will continue to serve as the Company"s Chief Operating Officer in addition to his duties as President. Dita Bronicki, who is stepping down from the position of President, will continue to serve as the Company"s Chief Executive Officer.

Commenting on the promotion, Mr. L.Y. Bronicki, Chairman, stated, "Yoram has done an excellent job as our Chief Operating Officer over the past three years, during which time we have seen substantial growth in the capacity of the power plants which we own and operate. We look forward to Yoram expanding his role at Ormat as our President and feel confident that his expertise and knowledge of our operational activities will serve as a key asset in preparing the Company for its next level of growth. We are equally pleased that Dita will continue to lead the Company in her role as CEO".

About Ormat Technologies

Ormat Technologies, Inc. is a vertically-integrated company primarily engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy power plants using Organic Rankine Cycle (ORC) technology. Additionally, the Company designs, manufactures and sells geothermal and recovered energy power units and other power generating equipment, and provides related services. Ormat is a pioneer and a leader in the manufacture of ORC power equipment its products and systems are covered by approximately 70 patents. Ormat currently operates the following geothermal power plants: in the United States -- Brady, Heber, Mammoth, Ormesa, Puna and Steamboat; in the Philippines -- Leyte; in Guatemala -- Zunil; in Kenya -- Olkaria; and in Nicaragua -- Momotombo. In the U.S., Ormat owns and operates four OREG1 Recovered Energy Generation plants.

Ormat Technologies Contac Investor Relations Contact:
Dita Bronicki Todd Fromer/ Marybeth Csaby
CEO KCSA Worldwide
+1-775-356-9029 +212-896-1215 / 212-896-1236
dbronicki@ormat.com tfromer@kcsa.com / mcsaby@kcsa.com


Source: Ormat Technologies, Inc.
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