$WDAS: As of April 1, 2015, Fabio Galdi resigned a
Post# of 22708
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and Corporate Secretary, but remains as Chairman of the Registrant's Board of Directors. His
resignation was not as a result of any disagreements with the Registrant.
As of April 1, 2015 and simultaneously with Mr. Galdi’s resignation, Mr. Roberto Forlani was
named the Registrant's Chief Executive Officer, President and Corporate Secretary, and
appointed as a Member of the Board of Directors.
Roberto Forlani: On April 1, 2015 Mr. Roberto Forlani was named the Registrant's Chief
Executive Officer, President and Secretary, and appointed as a Member of the Board of
Directors. Mr. Forlani is also currently the director, CEO and sole shareholder of Power Clouds
Pte. Ltd., a Singapore company.
Mr. Forlani is a veteran of the Solar power industry with over 15 years experience operating at
various levels across many international solar projects. During this time his roles covered all
aspects of the build and production cycle including engineering, operations, service delivery and
business management.
In September of 2000, he founded and was CEO of E-Tech S.r.l. an Italian company specialising
in electricity and air-conditioning plant construction. He was one of the early pioneers in the
Italian solar industry, where he completed his first solar plant in 2002 generating enough power
to run a small factory. Mr. Forlani was then part of the team that upgraded the world's largest
solar plant at the time.
In 2005, Mr Forlani joined Santerno spa, a world leader in solar inverters, a critical component
of a solar power plant, as lead consultant in plant build and production.
In February of 2008 Mr. Forlani founded Telenergia s.r.l. to serve the growing European market
for solar power and succeeded in becoming the first world-wide service partner of Santerno spa.
During his time at Telenergia, Mr. Forlani supported the setup and servicing of solar power
plants, delivering a total of 350MW.
In January 2013, he founded Power Clouds Pte. Ltd., to design, build and operate solar farms
around the world employing a unique business model of individual participation in funding of
solar power plant construction. Power Clouds has enabled over 60,000 participants to own a
piece of a solar plant “in the Cloud”.
Mr Forlani is a graduate in Electronic Engineering with speciatization in power electronics and
automation from University of Salerno in Italy. He subsequently won a scholorship in
electromagnetic interaction at the same college. He also began his career as an electromagnetic
interference entrepreneur in September 1999 to persue his passion for the automization of power
plant controls.
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