VANCOUVER, BC, May 30, 2002 — NxtPhase Corp., a developer of digital and fiber optic solutions for the electric power industry, today announced the appointment of Frederick Buckman to its Board of Directors.
Buckman brings nearly thirty years of experience in the electric utility industry, and is currently Chairman and CEO at Trans-Elect Inc., an independent electric transmission company that buys, owns and operates electric transmission systems. Named one of Business Week’s Top Entrepreneurs in 2002, Buckman’s industry vision will help NxtPhase position itself strategically in both the short and long term.
“Today’s restructuring transmission industry opens up opportunity for businesses associated with flows and transactions of power across the electric power grid,” commented Buckman. “That’s where I see strategic potential for NxtPhase – enabling utilities to evolve toward digital, more integrated management of power.”
Before co-founding Trans-Elect, Buckman was the President and Chief Executive Officer of PacifiCorp (1994 to 1998), where he led a transformation from a regional utility to a significant national and international energy company. Before that, Buckman spent 6 years as President at Consumers Power (now Consumers Energy), where he carried the additional title of Chief Executive Officer starting in 1992.
“Buckman combines innovative thinking on the power business with a practical understanding of the technologies and economics that drive power management,” said Kip Smith, CEO of NxtPhase. “He not only understands the possibilities for improving the efficiency, reliability, and capacity of transmission systems, but also is helping to bring them about through his own business activities, and now, through his association with NxtPhase.”
Buckman started his career working nearly 15 years in nuclear plant operations, licensing, safety analysis and regulation. A graduate of the University of Michigan with a bachelor’s degree in science engineering, Buckman has also received a doctorate in nuclear engineering from Massachusetts Institute of Technology.
NxtPhase Corporation provides digital and fiber optic solutions that will change the way high-voltage electric power is managed in a competitive electric power industry. Optical sensing products offer more accurate digital information, broader dynamic range, wider bandwidth, improved safety, and environmental benefits compared with conventional technologies. The APT relay and recorder line provides smart, easy-to-use protection and monitoring of electrical power systems. Future development will enhance the ability to use data interactively across the electric power grid.
NxtPhase is a privately held corporation with development and manufacturing offices in Phoenix, Arizona; Vancouver, British Columbia; and Winnipeg, Manitoba. Find out more about innovative NxtPhase solutions at www.nxtphase.com.