RCS - Active Energy Group - Appointment of Managing Director of Southeast Asia

Active EnergyAnnouncement

02/11/2023 07:16

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RNS Number : 1071S  Active Energy Group PLC  02 November 2023

 Reach - non-regulatory announcement*

 

2 November 2023

 

Active Energy Group Plc

("Active Energy" or the "Company")

 

Appointment of Managing Director of Southeast Asia

 

Active Energy (AIM:AEG, OTCQB:ATGVF), a producer of sustainably-sourced,
energy-dense clean carbon products and technologies, is pleased to announce
the appointment of Kate Nga Nguyen as the Company's Managing Director of
Southeast Asia. Kate will focus on the deployment and expansion of Active
Energy's activities throughout Southeast Asia, including building commercial
partnerships and establishing manufacturing centres in the region.

 

Over the past two years, Active Energy has been expanding its presence in
Southeast Asia.   The Company has continued to build its IP portfolio, most
recently the CoalSwitchÒ patent was awarded in Malaysia, and the Company
continues to proceed with additional patent applications throughout the
region. Barron Hewetson's appointment as the Company's Chief Technical Officer
in July 2023 has accelerated regional enquiries for future partnerships with
Active Energy.

 

The appointment of Kate Nga Nguyen as Managing Director of Southeast Asia is
the next step as Active Energy develops regional commercial partnerships for
product development and manufacturing. As part of this strategy, the Company
plans to open an office in Vietnam in 2024.

 

Prior to joining Active Energy, Kate worked in Corporate Strategy and
Development for Enviva Biomass US, where she analysed acquisition
opportunities from the US, Europe, Africa, Southeast Asia and helped integrate
large acquisitions. Before joining Enviva, she was a Senior Account Manager -
M&A Team Lead at Vietcombank Securities Ltd., an investment banking firm
headquartered in Hanoi, Vietnam. Her responsibilities included advisory,
strategic investment and financial trading, from origination, negotiation, and
execution. Kate's role provided her with access to leading financial
management funds from Southeast Asia, Japan, Korea, and Europe to present the
Vietnamese investment opportunities. Kate's deep regional expertise and
ability to expand a company's client base will be crucial to Active Energy as
it develops manufacturing capabilities and partnerships throughout Southeast
Asia.

Kate Nga Nguyen graduated with honours from MBA at Texas A&M University
Corpus Christi. She also holds a Master of Science in Corporate Finance from
University of Texas at San Antonio and a Bachelor from University of Economics
Ho Chi Minh City.

Michael Rowan, CEO, Active Energy, said: "Kate's appointment comes at an
important time for Active Energy as we look to expand our business into
Southeast Asia to accommodate the increasing interest in CoalSwitch®
production. Kate's regional knowledge and sector expertise is key for Active
Energy's ability to expand into these new geographies, develop the corporate
strategy and build new partnerships. Active Energy is committed to investing
in the region and expects it to be a huge growth market for the business going
forward."

 

Kate Nga Nguyen, Managing Director of Southeast Asia, Active Energy, said: "I
am delighted to be joining the Active Energy team. Active Energy's
CoalSwitch® product is a solution that is urgently required in the region as
countries seek to search for all solutions to decarbonise. This is an exciting
time for the Company to be expanding into Southeast Asia and I look forward to
overseeing the future growth."

 

 

Enquiries:

 Active Energy Group Plc        Michael Rowan (Chief Executive Officer)                                 info@aegplc.com

                                Michelle Fagan (Chief Financial Officer)
 Allenby Capital Limited        Nick Naylor/James Reeve/Daniel Dearden-Williams (Corporate Finance)   Office: +44 (0)20 3328 5656

 Nominated Adviser and Broker   Amrit Nahal (Sales/Corporate Broking)
 Camarco                        Tom Huddart / Emily Hall / Lily Pettifar                              aeg@camarco.co.uk

 Financial PR Adviser                                                                                 Office: +44 (0)20 3757 4980
 Scoville PR                    John Williams                                                         jwilliams@scovillepr.com

 US PR Adviser

 

 Website         LinkedIn                                Twitter
 www.aegplc.com  www.linkedin.com/company/activeenergy   https://twitter.com/aegplc (https://twitter.com/aegplc)

                                                        @aegplc

 

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