VANCOUVER, BC, April 12, 2021
/CNW/ - Loop Energy (TSX: LPEN), a developer and
manufacturer of hydrogen fuel cell-based solutions, announces the
addition of Jacques Esculier to the
company's advisory council. Mr. Esculier was the Chairman and Chief
Executive Officer of WABCO Holdings Inc., the leading global
supplier of braking control systems and other advanced technologies
that improve the safety, efficiency and connectivity of commercial
vehicles. In his advisory role, Mr. Esculier will leverage decades
of experience in the commercial vehicle industry to provide
guidance and insight to Loop Energy's executive management team
with respect to the effective commercialization of the Company's
technologies and products.
Prior to this, Mr. Esculier held the position of Vice President
of American Standard Companies Inc. and President of its Vehicle
Control Systems business. His wealth of management experience also
includes the role of Business Leader for American Standard's Trane
Commercial Systems' Europe,
Middle East, Africa, India
& Asia Region; leadership positions at AlliedSignal/Honeywell;
Vice President and General Manager of Environmental Control and
Power Systems Enterprise; and Vice President of Aftermarket
Services—Asia Pacific. Mr. Esculier also served on the board of
directors of Pentair PLC until May
2020.
"I am very pleased to support Loop's commercialization strategy,
offering a unique counsel position during this stage of rapid
development for the company," said Jacques
Esculier. "Loop's team, technology, and products are
industry-leading, and I am convinced that the company is well
positioned to be a leading provider of fuel cell technology and
products globally over the coming years. I am looking forward
to working with management to accelerate Loop's market
penetration."
"Jacques' experience leading WABCO for well over a decade gives
him an unparalleled understanding of the business needs of the
global commercial vehicle market and an extensive network to aid
Loop in establishing key relationships in our emerging markets,"
said Ben Nyland, President and Chief
Executive Officer of Loop Energy. "We are very excited that
Jacques has chosen to work with Loop to help us establish our
global footprint in the commercial automotive supply chain."
Mr. Esculier joins Loop Energy's advisory council along with two
other recently appointed members, Lord John
Browne and Lance Uggla. Mr.
Browne previously served as the Group Chief Executive for BP
(British Petroleum). Mr. Uggla is the Founder and CEO of IHS
Markit, a global leader in information, analytics and solutions for
major global industries, and previously served as the Vice Chair
for CIBC World Markets and TD Securities. Together, they bring a
vast array of expertise and decades of experience to Loop Energy's
advisory council.
About Loop Energy Inc.
Loop Energy is a leading designer of fuel cell systems targeted
for the electrification of commercial vehicles, including, light
commercial vehicles, transit buses and medium and heavy-duty
trucks. Loop's products feature the Company's proprietary
eFlow™ technology in the fuel cell stack's bipolar plates. eFlow™
was designed to enable commercial customers to achieve performance
maximization and cost minimization. Loop works with OEMs and
major vehicle sub-system suppliers to enable the production of fuel
cell electric vehicles. For more information about how
Loop is driving towards a zero-emissions future,
visit www.loopenergy.com.
This press release may contain forward-looking information
within the meaning of applicable securities legislation, which
reflect management's current expectations regarding future events.
Forward–looking information is based on a number of assumptions and
is subject to a number of risks and uncertainties, many of which
are beyond the Company's control, which could cause actual results
and events to differ materially from those that are disclosed in or
implied by such forward–looking information. Such risks and
uncertainties include, but are not limited to, the ability of the
Company to execute on its strategy and the factors discussed under
"Risk Factors" in the final long-form prospectus of the Company
dated February 18, 2021. Loop
disclaims any obligation to update these forward-looking
statements.
Source: Loop Energy Inc.
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SOURCE Loop Energy
