PowerFilm, Inc Rick Brimeyer Elected Non-Executive Chairman (8543U)
December 05 2013 - 10:44AM
UK Regulatory
TIDMPFLM
RNS Number : 8543U
PowerFilm, Inc
05 December 2013
PowerFilm, Inc.
Rick Brimeyer Elected Non-Executive Chairman
5 December 2013, LONDON, UK and AMES, IOWA - PowerFilm(R) , Inc.
(AIM: PFLM), ("PowerFilm" or "the Company"), the developer and
manufacturer of thin flexible solar panels, today announces that
Rick Brimeyer has been elected Non-Executive Chairman of PowerFilm,
Inc. Rick will replace Frank Jeffrey as Chairman of the Board.
Frank Jeffrey will continue to serve as CEO.
Mr. Brimeyer has been a PowerFilm Non-Executive Director since
July 2012. He has extensive experience in process improvement of
manufacturing operations. Mr. Brimeyer is the President of Brimeyer
LLC, an independent management consulting firm located in Ames,
Iowa, which guides organizations to higher performance by focusing
on process improvement.
Prior to founding his own company, Mr. Brimeyer enjoyed a
25-year career at Sauer-Danfoss, a worldwide leader in the design,
manufacture and sale of engineered hydraulic and electronic systems
and components, used primarily in mobile equipment. His career
includes more than 22 years in leadership positions in engineering,
operations and continuous improvement. While at Sauer-Danfoss, he
served as the Six Sigma Master Black Belt for the company's North
American plants and was the lead Lean practitioner for the North
American Propel division.
Mr. Brimeyer is the author of 5S Leader's Field Guide: Practical
Advice for Establishing a Healthy 5S Culture Within Your
Organization.
"We are pleased to have Rick as Chairman of the Board of
PowerFilm. As Chairman he will provide leadership on important
company initiatives, along with his continued work on manufacturing
improvements," commented Frank Jeffrey, Co-Founder and CEO.
For further information, please contact:
PowerFilm, Inc. +1 (515) 292 7606
Frank Jeffrey
Mike Coon
Oriel Securities Ltd., Nominated Adviser +44 20 7710 7600
Giles Balleny
A copy of this announcement will be available on the PowerFilm
website at http://www.powerfilmsolar.com. The common shares of
PowerFilm, Inc. are traded on the AIM Market of the London Stock
Exchange and are not registered under the US Securities Act 1933,
as amended. Such shares may not be offered or sold to residents of
the United States or to persons acting on their behalf, or to other
persons who are "United States Persons" within the meaning of
Regulation S as promulgated under the Securities Act of 1933,
unless such shares have been registered under the Securities Act or
there is an available exemption from registration.
Forward-looking Statements
This release includes forward-looking statements which are based
on certain assumptions and reflect management's current
expectations as contemplated under the Safe Harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors
include: uncertainty as to whether our strategies, partnerships and
business plans will yield the expected benefits; general global
economic conditions; general industry and market conditions and
growth rates; increasing competition; the ability to identify,
develop and achieve commercial success for new products, services
and technologies; changes in technology; changes in laws and
regulations, including government incentive programs; intellectual
property rights; our ability to secure and maintain strategic
relationships, including key supply relationships; the availability
and cost of capital; the availability of, and our ability to
retain, key personnel; and the failure of the Company to
effectively integrate acquisitions. Additional factors are
discussed in our public disclosure materials from time to time. We
disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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