Ceres Power Holdings plc Directorate Change (5965J)
December 06 2018 - 1:05AM
UK Regulatory
TIDMCWR
RNS Number : 5965J
Ceres Power Holdings plc
06 December 2018
6 December 2018
Ceres Power Holdings Plc
("Ceres Power", "the Company" or "the Group")
Appointment of Dr. Haoran Hu as Non-Executive Director
Ceres Power Holdings plc ("Ceres Power", the "Company" or the
"Group") (AIM: CWR.L) announces the appointment of Dr. Haoran Hu as
a Non-Executive Director with immediate effect.
Dr. Hu joins the Board following Ceres Power's strategic
partnership with Weichai Power Co. ("Weichai"), announced in May
2018, when it was agreed that Weichai would have the right to
nominate a non-executive director to the Board of Ceres Power,
after the exercise of the warrant agreed at that time.
Dr. Hu is the Vice President and Chief Technology Officer of
Weichai Power Co., one of China's largest diesel engine and vehicle
powertrain system manufacturers. Prior to joining Weichai, Dr. Hu
had been in engineering leadership positions at Eaton Corp,
Caterpillar Inc., Detroit Diesel Corporation, and Jacobs Vehicle
Systems. He has over 25 years' experience in the research and
development of engines and powertrain systems.
Dr. Hu is a Fellow of SAE International, a Fellow of ASME, and a
recipient of the 1999 SAE Arch T. Colwell merit award. He has 32 US
patents and is a co-author of a SAE book "Advanced Hybrid
Powertrains for Commercial Vehicles". Dr. Hu holds a Doctor of
Science (ScD) in Mechanical Engineering from Massachusetts
Institute of Technology (MIT), and an MBA degree from the Ohio
State University.
Alan Aubrey, Chairman of Ceres Power Holdings plc, said:
"We are delighted to welcome Dr Hu to the Board. He brings a
wealth of experience in the power and technology sectors with an
impressive track record of commercialising technology which is
invaluable at this stage of the Company's growth."
Additional Information
The following information is being disclosed pursuant to Rule 17
and paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Dr. Haoran Hu, aged 62, is, or has during the last five years
been, a director or partner of the following companies and
partnerships:
Current directorships/partnerships Former directorships/partnerships
within last five years
SAE International
SAE International (Branch)
Weichai Power Co Ltd
Weichai America Corp.
Huran Systems LLC
----------------------------------
There are no further disclosures required to be made in respect
of Dr. Haoran Hu's appointment.
For further information, please contact:
Ceres Power Holdings plc Tel: +44 (0)1403 273
Phil Caldwell, CEO 463
Richard Preston, CFO
Zeus Capital (Nominated Adviser Tel: +44 (0) 20 3829
and Broker) 5000
Andrew Jones / Dom King
Berenberg (Joint Broker) Tel: +44 (0) 203 207
Ben Wright / Mark Whitmore / 7800
Laure Fine
Powerscourt Tel: +44 (0) 20 7250
Peter Ogden / Niall Walsh 1446
About Ceres Power
Ceres Power (http://www.cerespower.com/) is a world leader in
low cost, next generation fuel cell technology for use in
distributed power products that reduce operating costs, lower CO2,
SOx and NOx emissions, increase efficiency and improve energy
security. The Ceres Power unique patented SteelCell(R) technology
generates power from widely available fuels at high efficiency and
is manufactured using standard processing equipment and
conventional materials such as steel, meaning that it can be mass
produced at an affordable price for domestic and business use.
Ceres Power offers its partners the opportunity to develop power
systems and products using its unique technology and know-how,
combined with the opportunity to supply the SteelCell(R) in volume
through manufacturing partners.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
BOAUGGBGPUPRGRA
(END) Dow Jones Newswires
December 06, 2018 02:05 ET (07:05 GMT)
Ceres Power (LSE:CWR)
Historical Stock Chart
From Apr 2024 to May 2024
Ceres Power (LSE:CWR)
Historical Stock Chart
From May 2023 to May 2024