TPG.L Regulatory News (TPG)

31 Dec 2008 07:00



31 December 2008 

CORAC GROUP PLC

(The 'Company')

BOARD CHANGE

Corac Group plc announces that Gerd Cromm, Executive Director, who has reached the age of 66, will be retiring from the Board with effect from 31 December 2008. The Company is pleased that Gerd Cromm will remain as a part time consultant, thereby retaining the benefit of his experience and contacts within the compressor industry. He will assist with marketing strategy and the further development of sales channels for the Company's industrial air products. 

For further information:

NOTES TO EDITORS

Corac is an intellectual property, engineering and licensing group which holds many patents. It focuses on high speed electrical direct drive turbo machinery based on its unique expertise in gas bearings. Corac has created an innovative 'no oil' turbo compressor together with a unique gas seal, and is part of a joint industry programme for the downhole gas extraction industry. 

Further information on Corac is available on the internet at www.corac.co.uk