Board of Directors
Chairman of the Board of Directors
Dennis Townsend founded Townsend Capital, LLC in 1975, after beginning his investment career at Thomson McKinnon Securities, Inc., where he was one of the pioneers in the newly emerging field of tax-advantaged investments.
Because of his tax expertise, he frequently advised tax attorneys and accountants on the analysis and structuring of these partnerships. Relying on his ability to understand the market, Mr. Townsend has guided Townsend Capital as it evolved from a registered securities broker dealer and investment advisory firm to a company that invests primarily for its own account. From purchasing empty buildings in Texas, to long-term net leases to credit tenants, to sale-leaseback transactions, to build-to-suit developments, to building laboratory research facilities for major universities, he has established lasting relationships with such clients as AT&T, Lucent Technologies, Tyco and the University of Pennsylvania.
In late 2006, Mr. Townsend predicted that the real estate industry was near its peak and set a course to divest the majority of its real estate holdings. With the sale of its primary real estate portfolio in 2007, Townsend turned its focus to various opportunities with the energy field, and formed Townsend Ventures. These new ventures included the acquisition of Encelium Technologies, a lighting controls company focused on delivering energy savings to commercial properties, and significant investments in Kokam Co., Ltd., Dow Kokam, LLC and Kokam America, Inc. (now KA Remainder), as well as domestic oil and natural gas exploration.
Mr. Townsend attended Johns Hopkins University and was a member of the staff that coached the lacrosse team to five NCAA championships. An avid golfer, he is also the founder of Hamilton Farm Golf Club in Gladstone, New Jersey.
CEO, Vice Chairman of the Board
Mr. Cundiff officially joined XALT Energy in 2016, having been actively involved in the investment, management and operations of XALT since its inception in 2008. In 2015, Mr. Cundiff relocated to the Midland Battery Plant of XALT in order to oversee and participate in all major decisions of the company.
Prior to joining XALT Energy, Mr. Cundiff was Chief Operating Officer of Townsend Capital, LLC, where he was employed from 2004 through 2015. To Townsend, he brought with him nearly a quarter century of investment banking experience in the financing and capitalization of projects and companies.
Prior to joining Townsend Capital, Mr. Cundiff spent almost 25 years at McDonald Investments Inc., a KeyCorp. Subsidiary based in Cleveland Ohio where he held various positions, including Managing Director of Investment Banking.
For more than a decade, David Townsend has been instrumental in growing Townsend Capital, LLC to its current size, level of sophistication and breadth of services and expertise available to its clients.
In 2007, he and his father formed Townsend Ventures, and moved the Company’s focus from real-estate-related transactions to energy-related investments. Mr. Townsend serves as President of Townsend Ventures, LLC. This new venture includes the acquisition of Encelium Technologies as well as significant investments in Kokam Co., Ltd., Dow Kokam, LLC and Kokam America, Inc. (now KA Remainder).
In addition to his role in Townsend Ventures, Mr. Townsend serves as President of Hamilton Farm Golf Club, LLC, a related company that owns an exclusive, high-end private golf club in Gladstone, NJ.
Mr. Townsend was a starting player for the nationally-renowned lacrosse team at Johns Hopkins University, where he graduated with a degree in economics in 1993.
Top Thought Leaders
Here is the latest about XALT Energy.
Working on a project that brings a company value was a very rewarding learning experience for me as an engineering student.
I worked on R&D equipment to fill cells with electrolyte under vacuum, and studied how well the new technology cells being manufactured at XALT Energy wetted on a macro scale. During my internship, I was given my own project. I received guidance and direction from...
It was gratifying to see the projects that I was working on would be implemented in many vehicles on the road.
I worked with software development, testing and test procedure improvements. Being able to partake in projects that were put into production was the most rewarding part of my experience. It was gratifying to see the projects that I was working on would be implemented...
XALT prepared me with the tools I needed to succeed with my project through constant encouragement and feedback.
My project was to develop a new iteration of the cell prototype line database. Here at XALT, the project I worked on was impactfull, meaningful and truly did help to solve a problem. XALT prepared me with the tools I needed to succeed with my project through constant...