Last checked at 1 Sep 2008 07:00
| Press release | 1 September 2008 |
Proton Power Systems plc
("Proton Power" or "the Group")
Appointment of Non-Executive Director
The Board of Proton Power Systems plc (AIM: PPS), a leading designer, developer and producer of fuel cells and fuel cell electric hybrid systems, is pleased to announce that it has appointed Dr Faiz Francois Nahab as a Non-Executive Director of the Group with immediate effect.
Dr Nahab, 65, brings over 30 years of management and consultancy experience from high-technology projects in the pharmaceutical, medical, electrical and industrial sectors across Europe, Germany, and the Middle East. Since 1981 he has owned and developed a number of multi-million dollar technology firms that acted as local partners to global companies such as MSD, Zeiss and Siemens. He was responsible for directing company restructuring and expansion; providing consultancy on projects, product development, sales and marketing; and providing financial advice in budget control, banking facilities, and product financing. Dr Nahab also has a PhD in electronics specialising in semiconductors.
Commenting on the appointment John Wall, Chairman of Proton Power, said: "I am delighted to be welcoming Faiz to the Group. His knowledge of, and contacts in, the technology and industrial sectors as well as his management and financial experience will be extremely valuable in helping turn Proton Power into a cash-generating business. I look forward to working with him at this exciting time".
On his appointment Faiz Francois Nahab commented: "I am delighted to be joining the Board of Proton Power. The Company is well placed to take advantage of the increasing demand for environmentally friendly fuel cell systems. I am confident that my experience will help Proton Power take advantage of the numerous market opportunities ahead."
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For further information:
| Proton Power Systems plc | |
| John Wall, Chairman | Tel: +44 (0) 78 0291 7615 |
| Ali Naini, Deputy Chairman | Tel: +44 (0) 20 7329 1750 |
| www.protonpowersystems.com |
| Arbuthnot Securities Limited | |
| Tom Griffiths / Antonio Bossi | Tel: +44 (0) 20 7012 2000 |
| www.arbuthnotsecurities.co.uk |
Media enquiries:
| Abchurch Communications Limited | |
| Heather Salmond / Justin Heath / Monique Tsang | Tel: +44 (0) 20 7398 7700 |
| monique.tsang@abchurch-group.com | www.abchurch-group.com |
Appendix One:
In accordance with Schedule 2(g) and rule 17 of the AIM Rules for Companies, the following information in relation to the appointment of Faiz Francois Nahab is disclosed below:
Dr Faiz Francois Nahab, age 65, holds and has held within the five preceding years the following directorships and partnerships:
| Current Directorships | Directorships held in the past five years |
| Alitkan Holding AlShifaPharma Sholki SPower Holding GmbH Atlantic Technica International Ltd Roundstone Properties Ltd | Reynolds & Wilson Ltd |
Roundstone Properties Limited has a direct interest in 18,000,000 ordinary shares in Proton Power equivalent to 29.32% of the Group's issued share capital.
No further disclosures are required under Schedule 2(g) of the AIM Rules for Companies.