Appoints Director of SOFC Systems Development
21 Luglio 2009 - 8:00AM
UK Regulatory
TIDMPTX TIDMPTXU
RNS Number : 9814V
Protonex Technology Corporation
21 July 2009
FOR IMMEDIATE RELEASE
July 21, 2009
Dr. CAine finnerty, FORMER CTO OF NANODYNAMICS, inc., JOINS protonex
DATELINE: SOUTHBOROUGH, MA; Protonex Technology Corporation (LSE: AIM: PTX and
PTXU), a leading provider of advanced fuel cell power systems for portable,
remote and mobile applications, today announces that Dr. Caine Finnerty, a world
expert in solid oxide fuel cells (SOFC), has joined Protonex as Director of SOFC
Systems Development.
Dr. Finnerty, formerly the Chief Technology Officer at Nanodynamics, Inc.,
assumes a critical leadership role in the Protonex SOFC development group in
Broomfield, CO, expanding the capabilities of the existing SOFC team. His role
at Protonex will be multi-faceted and includes the management of teams focused
on advanced technologies, product development, project management and SOFC tube
and stack development and fabrication.
With over seventeen years of education and experience with analytical chemistry
and SOFC development, Dr. Finnerty has played a key role in the development and
implementation of micro tubular technology worldwide. After completing his
post-graduate program in 1998 at Keele University (Staffordshire, UK), Dr.
Finnerty, assisted in proving the viability of tubular SOFC technology in a
Japanese NEDO program, then transferred early versions to Acumentrics in Boston,
where he served as a senior fuel cell engineer. Most recently, Dr. Finnerty was
a founding member of Nanodynamics Energy, Inc. and built a multinational team of
engineers and scientists. Under his supervision and guidance this group
developed an industry leading SOFC technology, and successfully integrated that
technology into portable SOFC systems operating on various fuels that have been
tested and operated globally.
Dr. Finnerty has completed postdoctoral, industrial development and
commercialization programs on multiple SOFC applications, and has been involved
in the design, development and production of systems up to 5,000 watts.He
continues to contribute to the SOFC field via publication of a variety of papers
in both journals and proceedings, and is named in several patents for a variety
of companies in key areas of SOFC development, including materials, SOFC design
and optimization, integrated stack design, electrochemical reforming and system
operation.
"Protonex began its investment in creating a world-class SOFC team in 2007 with
its acquisition of Mesoscopic Devices. Since that date, we have made continuing
investments and have demonstrated compelling results," stated Scott Pearson,
Protonex President and CEO. "The addition of Dr. Caine Finnerty will further
enhance the team's capability, allowing us to accelerate market entry for our
leading edge military & commercial SOFC products."
- ENDS -
Enquiries
Protonex Technology Corporation Tel: +1 508 490 9960
Scott Pearson, Chief Executive Officer
Margaret Dorsheimer, Director of Marketing
Redleaf Communications Limited Tel: +44 (0)20 7566 6700
Press and Investor Relations protonex@redleafpr.com
Samantha Robbins
Paul Dulieu
Piper Jaffray Ltd. Tel: +44 (0)20 3142 8700
Nominated Adviser
Michael Covington
James Steel
Notes to Editors
About Protonex Technology Corporation
www.protonex.com
Protonex Technology Corporation develops and manufactures compact, lightweight
and high- performance fuel cell systems for portable power applications in the
100 to 1000-watt range. The Company's fuel cell systems are designed to meet the
needs of military, commercial and consumer customers for off-grid applications
underserved by existing technologies by providing customizable, stand-alone
portable power solutions and systems that may be hybridized with existing power
technologies. The Company is headquartered in Southborough, Massachusetts.
This announcement includes statements which are, or may be deemed to be,
"forward-looking statements". All statements other than statements of historical
facts included in this announcement, including, without limitation, those
regarding Protonex' financial position, business strategy, plans and objectives
of management for future operations (including development plans and objectives
relating to Protonex' products and services) are forward-looking statements. By
their nature, such forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause the actual results,
performance or achievements of Protonex to be materially different from future
results, performance or achievements expressed or implied by such
forward-looking statements. These factors include but are not limited to those
described in the Admission Document issued in connection with the Company's
admission to AIM.
Forward-looking statements may and often do differ materially from actual
results. Any forward-looking statements in this announcement speak only as at
the date of this announcement and are subject to risks relating to future events
and other risks, uncertainties and assumptions relation to Protonex' operations,
results of operations, growth strategy and liquidity.
This information is provided by RNS
The company news service from the London Stock Exchange
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