14 Apr 2020 07:00
14 April 2020
Verditek PLC
("Verditek" or the "Company")
Appointment of Commercial Director
Verditek plc, (AIM:VDTK) the clean technology company is delighted to announce the appointment of Robert Richards in the role of Commercial Director. Rob's role will be wide ranging and focused on developing international markets and large commercial sales opportunities for our light-weight solar panels and solutions. This marks an important development for the Company as it gears up its commercial operations following the TUV approval gained late last year.
Rob is a chartered electrical engineer with over 20 years' experience in the Oil and Gas and Energy Industry. Rob joins Verditek from Ecolog where he was CEO of the Technical Services Division and responsible for the development of new products and services, including the provision of small power plants, hazardous waste material handling and remediation, and manpower services. Rob developed and initiated the market strategy and project pipeline of $ 170 M in four months, targeting Oil & Gas and independent power producers with a focus on renewable and hybrid power solutions. Prior to this Rob held senior management positions in Penspen Ltd, Thailand, KNM Process Systems Sdn Bhd in Malaysia and Siemens Oil and Gas, Singapore and Alstom Power. As Sales Director for the Asia Pacific region for Siemens Oil and Gas, he took the business from revenues of Euro 8m to over Euro 340m, while at KNM as Chief Operating Officer he helped turn the Company around to be generating over USD150m of revenues per annum.
Rob Richards, commented: "Verditek is an exciting company with a lot of opportunities and I am delighted to join. Having spent years selling and marketing traditional hydrocarbon power generating solutions for the oil and gas industry as well as sovereign armed forces, I now believe that the timing is perfect for an advanced lightweight solar solution to start to replace these traditional mobile generating platforms, and provide a cost efficient and green alternative"
Lord David Willetts, Chairman of the Verditek Board, commented: "On behalf of the board I'd like to welcome Rob to Verditek and say how excited we are to have him join us in this important role. I am confident that Rob will create tremendous opportunities for our products on an international stage!"
Dr Geoff Nesbitt, CEO of Verditek, commented: "I am delighted to have Rob join us and apply his deep experience to our commercial developments. Rob joins us with an outstanding track record in relevant industries and we look forward to working with him to deliver a strong sales result for our shareholders."
Enquiries:
Verditek plc
RH Lord David Willetts FRS (Non-Executive Chairman) +44 (0) 20 7129 1110
Dr Geoff Nesbitt (Chief Executive Officer) enquiries@verditek.plc.uk
WH Ireland Limited (NOMAD and Broker)
Chris Hardie (Director, Corporate Finance) +44(0)207 220 1666
Chris.hardie@whirelandcb.com
About Verditek plc
AIM listed Verditek plc is a holding company with three businesses operating within the clean technology sector. The Company is focused on commercializing our lightweight low-profile solar panel business. With manufacturing based in Lainate Italy, we have developed renewable power solutions for our customers, that drive solar energy into applications previously impossible. The exceptional properties of our solar panels replace diesel fuel in business such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, residential and holiday home power solutions and solar roofing for light-weight industrial roofing.
In addition to our current PV panels in production, we have partnered with an outstanding leader in graphene technology, Paragraf, and have created the worlds' first Graphene Integrated Photo Voltaic cell. We are working together to engineer the technology for commercialization.
Verditek provides compelling commercial solutions that make our customers business sustainable.
For more information please visit or contact the following: https://www.verditek.com/