REG - AMTE Power PLC - Directorate Change

Amte PowerAnnouncement

06/09/2022 07:16

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RNS Number : 3515Y  AMTE Power PLC  06 September 2022

 

Tuesday 6 September 2022
 
 

 

AMTE Power Plc

("AMTE Power" or the "Company")

Directorate Change

 

AMTE Power Plc,  a leading manufacturer of battery cells for specialist
markets, is pleased to announce that, following its trading update on Tuesday
23 August which referred to broadening management team plans as part of the
Group's maturing status and planned transition from development into supply,
Alan Hollis has been appointed to the Board of AMTE Power with effect from
today.

 

Alan will initially work alongside the AMTE Power executive management team
and it is the intention of the AMTE Power Board that he will take on the role
of Chief Executive Officer on or around Monday 31 October 2022, to lead the
business in its next stage plans to accelerate its growth strategy.

 

AMTE Power is also pleased to announce that, effective from the same date,
Kevin Brundish (its CEO, who had founded the Company in 2013) will remain as a
Board director in the capacity of Strategy Director, where he will focus on
the continuing development of AMTE Power's high performance battery cells,
relationships with its customers, suppliers and Government entities, in
addition to participating in the strategic direction of the Company.

 

Alan Hollis has a 20 year public company track record of developing and
executing profitable growth strategies within engineering and manufacturing
businesses with turnovers ranging from £4m-£200m.

 

In his last two roles he was a Divisional CEO in Videndum (Vitec) Group plc
("Videndum") from 2015 to 2021, and a Divisional President in the UK in NYSE
listed Crane Co. from 2014 to 2015. In Videndum, one of Alan's portfolio
businesses was the market leading cine and broadcast battery design &
manufacturer Anton Bauer. Previously, Alan held leadership roles within the
automotive and aerospace component and system supply businesses Doncasters
Group, Firth Rixson and the PFW Group, as well as in the materials businesses
of Delloro Stellite and Weir plc.

 

David Morgan, Chairman of AMTE Power, commented:

"I am delighted to welcome Alan to the board of AMTE Power. The business has
reached a stage of maturity where we are transitioning from development to
production, and as part of this transition we are executing our plan to
broaden the executive team to enable the Company to deliver its growth plans.

 

"Alan's leadership skills and track record in building high performing teams
within a publicly listed manufacturing group will allow him to steer AMTE
Power through its next phase of the business growth.

 

"His extensive experience of developing, constructing, and commissioning new
production facilities will complement our team as AMTE Power grows its
manufacturing footprint and capabilities at Thurso and Dundee.

 

"We are also delighted to retain Kevin's proven expertise and know-how in
driving the strategic direction of the Company, alongside his detailed
knowledge of the product offerings and end-market applications which will
fully complement Alan's manufacturing experience. This appointment will enable
Kevin to focus on the continued development of AMTE Power's high performance
cells and new product development, which will form a key part of the strategic
direction of the Company.

 

"I look forward to working with both of them, in delivering AMTE Power's
ambitious growth plans."

 

 

The following disclosures are made in accordance with Schedule 2(g) of the AIM
Rules for Companies and Alan Hollis has confimed that there is no further
information to be disclosed in this regard:

 

Full name (age):

 

Alan Charles Hollis (58)

 

Current directorships:

 

Pomeroys Interim Ltd

 

Previous directorships / partnerships (in the last five years):

 

Vitec Production Solutions, Inc (Now Videndum Production Solutions nc.)

Vitec Production Solutions, GmbH (Now Videndum Production Solutions GmbH)

Vitec Production Solutions Ltd (Now Videndum Production Solutions Ltd)

Vitec Production Solutions Ltda (Now Videndum Production Solutions Ltd) (Costa
Rica)

Vitec Production Solutions Ltd (Japan) (Now Videndum Production Solutions Ltd)

Quasar Science LLD (Manager/President)

Autocue LLC

Litepanels LLC

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

 

ENDS

Enquiries:

 

 AMTE Power plc                                                            +44 (0)1847 867 200
 David Morgan (Chairman)

 WH Ireland Limited (NOMAD and Joint
 Broker)
 Chris Fielding / James Bavister / Ben Good (Corporate Finance)            +44 (0)207 220 1666
 Fraser Marshall (Corporate Broking)

 Panmure Gordon (UK) Limited (Joint Broker)                                +44 (0)207 886 2500
 John Prior / James Sinclair-Ford / Harriette Johnson (Corporate Finance)
 Hugh Rich (Corporate Broking)

 Camarco                                                                   +44 (0)203 757 4992
 Ginny Pulbrook / Rosie Driscoll

 

About AMTE Power Plc

AMTE Power was founded in 2013 and is a leading developer and manufacturer of
lithium-ion battery cells for specialist markets. In March 2021, the Company
listed on the AIM market of the London Stock Exchange. The Company is focused
on launching a series of next generation battery cells based on new
chemistries and cell structures that are designed to solve key problems in
power delivery, energy performance, and safety. These new products are
targeted at a range of specialist markets including the electric vehicle
industry and energy storage sector. AMTE Power's purpose-built cell
manufacturing facility in Thurso, Scotland has the second largest cell
manufacturing capacity in the UK and the Company also has a product
development team based in Oxford.

For further information visit: https://amtepower.com/ (https://amtepower.com/)

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