REG - EQTEC PLC - Appointment of Non-executive Director

EQTECAnnouncement

18/09/2024 07:00

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RNS Number : 5793E  EQTEC PLC  18 September 2024

18 September 2024

EQTEC plc

("EQTEC", the "Company" or the "Group")

 

Appointment of Non-executive Director

 

EQTEC plc (AIM:EQT), a global technology innovator powering distributed,
decarbonised, new energy infrastructure through its waste-to-value solutions
for hydrogen, biofuels, and energy generation, is pleased to announce the
appointment of Brian Cole to the Board of Directors of EQTEC (the "Board") as
independent Non-executive Director (NED), effective from 23 September 2024.

 

With a background in marketing, business development and quality management in
engineering companies, Mr Cole brings a versatile skill set to the Group. As a
seasoned company director with an extensive career in the energy sector, his
expertise covers every stage of energy project development, from
pre-feasibility to commissioning, for both renewable and conventional
generation and infrastructure. With a strong educational background in
industrial engineering and a master's degree in business administration (MBA)
from University College Dublin, Mr Cole is well qualified in the
techno-economic assessment and commercialisation of leading-edge technologies.

 

As an advisor, Mr Cole actively collaborates with various investors in solar,
wind, biomass, wave, gasification, concentrated anaerobic digestion, combined
heat and power (CHP) and conventional power plant and infrastructure ventures.
His experience extends across Ireland, the UK, France, Germany, Spain,
Portugal, Greece and Croatia. He was directly engaged in securing €530
million of EU funding for the 700 MW HVDC Celtic interconnector between
Ireland and France. He crafted the five-year plan for Ireland's largest
utility for strategic investment in renewable and conventional generation and
infrastructure. Furthermore, as leader of the Strategic Consultancy Group, he
managed and directed a team of experts carrying out techno-economic
assessments of innovative power technologies and project opportunities,
evaluating their potential for investment, scalability, and suitability for
development and commercialisation.

 

Following Mr Cole's appointment and Chief Operating Officer (COO), Jeffrey
Vander Linden stepping down on 29 September 2024, the Board will comprise five
directors, including three independent non-executive directors.

 

Ian Pearson, Chairman of EQTEC, commented:

 

"It is a pleasure to welcome Brian to the Board of Directors at a time when
the business is preparing itself for the future and driving significant change
as a result. His experience and gravitas are very welcome, along with his
passion and depth of experience with engineering companies and operational
excellence. He is already proactively outlining areas of focus for his support
to the business and, with the recently announced appointment of a new
Operations Director in Spain, we are expecting this will lead to significant
change and improvement in EQTEC's readiness for growth and scale as a leading
innovation and engineering company. On behalf of the Board and EQTEC
leadership, we all look forward to working with him."

 

Brian Cole, newly appointed Non-Executive Director at EQTEC plc, commented:

 

"I am delighted to join EQTEC at such a pivotal time in its evolution. The
company's innovative approach to waste-to-value solutions presents a huge
potential for growth, particularly as the world increasingly moves towards
sustainable energy. With my experience in engineering and operational
excellence within the energy sector, I am confident that I can contribute
effectively to the strategic direction and operational success of EQTEC. I
look forward to working closely with the Board and the wider team to help
drive the company's ambitious goals and unlock new opportunities in the
rapidly expanding market for clean energy solutions."

 

 

Additional Disclosures:

The following information is disclosed pursuant to Schedule 2(g) of the AIM
Rules for Companies in relation to Mr Brian Robert Cole (aged 68):

 

Mr Cole has no direct or indirect interest in the Company's issued share
capital.

 

There is no further information to be disclosed pursuant to Schedule 2(g) of
the AIM Rules for Companies.

 

 

ENQUIRIES

 

 EQTEC plc                                        +44 20 3883 7009

 David Palumbo

 Strand Hanson - Nomad & Financial Adviser        +44 20 7409 3494

 James Harris / Richard Johnson

 Fortified Securities - Broker                    +44 20 3411 7773

 Guy Wheatley

 Shard Capital Partners LLP - Broker              +44 20 7186 9927

 Damon Heath / Isabella Pierre

 Global Investment Strategy UK Ltd - Broker       +44 20 7048 9045

 Samantha Esqulant

 

About EQTEC

 

As one of the world's most experienced thermochemical conversion technology
and engineering companies, EQTEC delivers waste management and new energy
solutions through best-in-class innovation and infrastructure engineering and
value-added services to owner-operators. EQTEC is one of only a few technology
providers directly addressing the challenge of replacing fossil fuels for
reliable, baseload energy. EQTEC's proven, proprietary and patented technology
is at the centre of clean energy projects, sourcing local waste, championing
local businesses, creating local jobs and supporting the transition to
localised, decentralised and resilient energy systems.

 

EQTEC designs, specifies and delivers clean, syngas production solutions in
the USA, EU and UK, with highly efficient equipment that is modular and
scalable from 1MW to 30MW. EQTEC's versatile solutions process 60 varieties of
feedstock, including forestry waste, agricultural waste, industrial waste and
municipal waste, all with no hazardous or toxic emissions. EQTEC's solutions
produce a pure, high-quality synthesis gas ("syngas") that can be used for the
widest range of applications, including the generation of electricity and
heat, production of renewable natural gas (through methanation) or biofuels
(through Fischer-Tropsch, gas-to-liquid processing) and reforming of
hydrogen.

 

EQTEC's technology integration capabilities enable the Group to lead
collaborative ecosystems of qualified partners and to build sustainable waste
reduction and green energy infrastructure around the world.

 

The Company is quoted on the London Stock Exchange's Alternative Investment
Market (AIM) (ticker: EQT) and the London Stock Exchange has awarded EQTEC the
Green Economy Mark, which recognises listed companies with 50% or more of
revenues from environmental/green solutions.

 

Further information on the Company can be found at www.eqtec.com
(http://www.eqtec.com/) .

 

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