REG - Proton Power Systems - Directorate Change <Origin Href="QuoteRef">P6K.L</Origin>

Proton Motor Power SystemsAnnouncement

06/09/2014 22:42

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RNS Number : 8040N
Proton Power Systems PLC
31 July 2014 
 
31 July 2014 
 
Proton Power Systems plc 
 
("Proton Power" or the "Company") 
 
Directorate Change 
 
Proton Power Systems plc (AIM: PPS), the designer, developer and producer of
fuel cells and fuel cell electric hybrid systems, is pleased to announce the
appointment of Ian Joseph Peden to the board of directors as Non-executive
Chairman of the Company. 
 
Mr Peden, aged 52, is a Fellow of the Chartered Institute of Management
Accountants and currently serves as a non-executive director and partner at
Team B LLP. Mr Peden has significant public company and international
experience through senior divisional roles at Chloride Group plc, as finance
director for the UK Sales & Service Division, and Marconi plc, as European
Finance Director in the Access Division. 
 
Mr Peden has over 30 years of industry experience, beginning his career as a
qualified electronic and communications engineer before also qualifying as a
production engineer. Prior to his role at Team B LLP, Mr Peden held the
position of CFO at Trilogy Communications Holdings Ltd, a global
communications provider. 
 
Commenting on the appointment, Dr Faiz Nahab, CEO, said: 
 
"I am delighted that Ian has agreed to become Chairman of Proton Power. His
experience with Chloride and other UK public companies will be incredibly
valuable as we continue to develop the business." 
 
- Ends - 
 
For further information: 
 
 Proton Power Systems plc                                                               
 Dr Faiz Nahab, CEO                                                                     
 Achim Loecher, FD                                         Tel: +49 (0) 89 127 626 550  
                                                           www.protonpowersystems.com   
                                                                                        
 Westhouse Securities LimitedNominated adviser and broker  Tel: +44 (0) 20 7601 6100    
 Antonio Bossi                                             www.westhousesecurities.com  
 
 
About Proton Motor Fuel Cell GmbH 
 
Proton Motor is an expert in industrial fuel cells, fuel cell and hybrid
systems with more than 17 years of experience in this sector.  Based in
Puchheim near Munich, Proton Motor offers complete fuel cell and hybrid
systems from a single source - from the development and production through the
implementation of customized solutions.  The focus of Proton Motor is on
back-to-base, for example, for mobile, marine and stationary solutions
applications.  The product portfolio consists of base-fuel cell systems,
standard complete systems, as well as customized systems. 
 
Proton Motor acquired SPower GmbH in 2013. Established in 2007, SPower serves
IT, Telecoms, public infrastructure and healthcare customers in Germany,
Europe and Middle East with power supply solutions for DC and AC power demand.
In addition to power supply, SPower also offers solutions for Solar Systems as
well as a new product line for Solar Energy Storage. 
 
Proton Motor Fuel Cells GmbH is wholly owned subsidiary of Proton Power
Systems plc.  The Company has been listed on the London Stock Exchange since
October 2006 (code: PPS). 
 
Additional information on Ian Peden: 
 
The table below sets out Mr Peden's current directorships and partnerships and
those held by Mr Peden in the last five years: 
 
 Current Directorships / Partnerships       Former Directorships                     
 IJP Business and Finance Services Limited  Trilogy Communications Limited           
 Team B Limited                             Trilogy Communications Holdings Limited  
 Team B Partners LLP                                                                 
 
 
Mr Peden does not hold an interest in any shares in the Company. 
 
Save as disclosed above, there are no other details to be disclosed regarding
Mr Peden's appointment under AIM Rule 17 and paragraph (g) of Schedule 2 of
the AIM Rules. 
 
This information is provided by RNS
The company news service from the London Stock Exchange