Verditek PLC Directorate Changes (3031M)
07 Maggio 2020 - 1:50PM
UK Regulatory
TIDMVDTK
RNS Number : 3031M
Verditek PLC
07 May 2020
7 May 2020
Verditek PLC
("Verditek" or the "Company")
Directorate Changes
Verditek plc, (AIM:VDTK) the clean technology company is pleased
to announce that Robert Richards (formerly Commercial Director) has
been appointed as Chief Executive Officer with immediate effect and
is joining the Board, subject to regulatory due diligence. Dr.
Geoff Nesbitt is stepping down from the Board and will be taking
the role of Chief Technology Officer.
As announced on 14 April 2020, Rob is a chartered electrical
engineer with over 20 years' experience in the Oil and Gas and
Energy Industry. Rob joins Verditek prior to which Rob held senior
management positions in Ecolog International, FZE, Penspen Ltd,
Thailand, KNM Process Systems Sdn Bhd in Malaysia and Siemens Oil
and Gas, Singapore and Alstom Power. As Sales Director for the Asia
Pacific region for Siemens Oil and Gas, he took the business from
revenues of Euro 8m to over Euro 340m, while at KNM as Chief
Operating Officer he helped turn the Company around to be
generating over USD150m of revenues per annum.
Rob holds 2,000,000 ordinary shares in Verditek plc.
Robert Richards, CEO of Verditek, commented : "It is a privilege
to take charge of this young dynamic European manufacturing company
and to help transition it from an innovative R&D project to a
commercial success. In my prior roles I have witnessed first-hand
the enormous shift now taking place from burning hydrocarbons
towards utilising solar. This move from "wet" to "dry" energy
source is now both inextricable and exponential in trend. As the
world evolves from its dependency on hydrocarbon-based energy
sources to cleaner more environmentally friendly energy, I believe
the Verditek Solar product is very well positioned to become a
market leader in the ultra-lightweight, flexible solar market. The
Company's TUV approved product has numerous potential applications
that hitherto were not available to the traditional, heavy and
fragile solar panel technology. I believe major new market
opportunities are now opening in military, transportation, cellular
telecoms to name a few, where the advantages of a highly durable,
efficient ultra-lightweight solar solution will now be embraced.
The Company's existing product lays an excellent foundation ahead
of the very exciting work currently being conducted with our Joint
Development Partners, Paragraf in Cambridge, in further developing
the first graphene integrated PV cell."
Lord David Willetts, Chairman of Verditek, commented: "Rob
Richards is the person we need to drive sales growth and secure
substantial new contracts for Verditek. In his short time as
Commercial Director he has already shown a remarkable capacity to
open up new sales prospects. He has also got a strong grasp of the
production side of the business as well. I welcome him warmly to
his new role. I also thank Geoff Nesbitt for all his hard work over
the past two years. He has a strong technical mastery of our
products and I am delighted therefore that he will be staying on as
CTO and will lead the company's R&D effort, especially the
path-breaking work incorporating graphene into solar cells for the
first time anywhere in the world."
Geoff Nesbitt, CTO of Verditek, commented: "It has been an
intense two years helping to build the Verditek team. We have
turned the corner with our focus on our lightweight low-profile
solar solutions and I am happy to hand over to Rob and assume the
post as CTO. There is exciting work to be done as I will focus on
our Graphene Integrated PV technology developed with Paragraf and
new product development work we are planning in the UK. I am
confident Rob will drive our solar business forward commercially
with fresh energy and new initiatives."
Enquiries:
Verditek plc
RH Lord David Willetts FRS (Non-Executive Chairman) +44 (0) 20
7129 1110
Robert Richards (Chief Executive Officer)
enquiries@verditek.com
WH Ireland Limited (NOMAD and Broker)
Chris Hardie (D irector, Corporate Finance) +44(0)207 220
1666
Chris.hardie@whirelandcb.com
About Verditek plc
AIM listed Verditek plc is a holding company with three
businesses operating within the clean technology sector. The
Company is focused on commercializing our lightweight low-profile
solar panel business. With manufacturing based in Lainate Italy, we
have developed renewable power solutions for our customers, that
drive solar energy into applications previously impossible. The
exceptional properties of our solar panels replace diesel fuel in
business such as perishable goods transport, off-grid
telecommunication towers, electric vehicle charging stations,
residential and holiday home power solutions and solar roofing for
light-weight industrial roofing.
In addition to our current PV panels in production, we have
partnered with an outstanding leader in graphene technology,
Paragraf, and have created the worlds' first Graphene Integrated
Photo Voltaic cell. We are working together to engineer the
technology for commercialization.
Verditek provides compelling commercial solutions that make our
customers business sustainable.
For more information please visit or contact the following: https://verditek.com/
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END
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