Last checked at 22 Jun 2020 07:00
This announcement contains inside information
22 June 2020
Invinity Energy Systems plc
("Invinity" or the "Group")
Board Appointment
Invinity Energy Systems plc (AIM:IES), manufacturer of vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks, is pleased to announce the appointment of Rajat ("Raj'') Kohli as a Non-Executive Director with immediate effect.
Raj joins the Board of Invinity as the nominated director of leading integrated vanadium producer Bushveld Minerals (AIM:BMN) pursuant to the agreement announced between the companies via RNS on 1 November 2019.
Raj has many years' experience in the resources, energy and infrastructure sectors. He began his City career as a mining and metals analyst before becoming Managing Director in HSBC's Resources and Energy Group, Investment Banking in 2000.
Raj joined ArcelorMittal as Co-Head of Mergers & Acquisitions in 2007, returning to banking in 2011, joining Standard Bank as Global Head of Metals and Mining. Since 2015, Raj has provided strategic consulting services to the natural resources sector as Principal of Ptolemy Resource Capital.
Neil O'Brien, Chairman of Invinity Energy Systems said:
"I am delighted to welcome Raj to the Board of Invinity Energy. He joins at an exciting time for the company. We look forward to benefitting from his deep experience and sector expertise as we execute against the vast opportunity in front of us.''
Raj Kohli said:
"I am honoured to be joining the Board of Invinity as the company gears up to commercialise its undoubted technological expertise in the fast-growing energy storage space."
Further Information
Rajat Kohli, aged 56, holds or has held the following directorships or partnerships in the past five years:
Current directorships or partnerships | Previous directorships or partnerships |
Minas de Revuboe Ltda Talbot Group Investments Pty Ltd Talbot Group Holdings Pty Ltd Midrev Mining Mauritius Ltd Jockeys Financial Ltd Ptolemy Resource Capital Ltd
| Ptolemy Resource Associates Ltd Project Harar
|
There are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.
Enquiries:
Invinity Energy Systems plc | +44 (0)20 7121 6111 |
Larry Zulch, Chief Executive Officer | |
Fraser Welham, Chief Financial Officer Joe Worthington, Head of External Communications | |
Investec Bank plc (Nominated Adviser and Joint Broker) | +44 (0)20 7597 5970 |
Jeremy Ellis / Chris Sim / Will Fenby
| |
VSA Capital (Financial Adviser and Joint Broker) Andrew Monk / Andrew Raca | +44 (0)20 3005 5000
|
Hudson Sandler (Financial PR) Nick Lyon / Toby Andrews | +44(0) 207 796 4133 |
Notes to Editors
Invinity Energy Systems plc (AIM:IES) manufactures vanadium flow batteries for the large-scale energy storage requirements of business, industry and electricity networks.
Developed specifically for high-utilisation applications that make low-carbon renewable generation reliable, Invinity's highly scalable, factory-built flow battery products don't degrade with use, charging and discharging for over 25 years. Energy storage systems based on Invinity's technology are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours.
Invinity was created in April 2020 through the merger of flow battery industry leaders redT energy plc and Avalon Battery Corporation. With over 10MWh of systems deployed to date across 40 sites in 14 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and South Africa. Invinity Energy Systems plc is listed on the London Stock Exchange.
To find out more, visit invinity.com or call Investor Relations on +44 (0) 207 121 6111.