20th Oct 2010 07:00
For immediate release |
20 October 2010 |
Clean Air Power Limited
("Clean Air Power" or "the Company")
Appointment of Non-Executive Director
Clean Air Power (AIM: CAP), the developer of Dual-Fuel combustion technology that enables heavy-duty diesel engines to operate on a combination of diesel, natural and biogas, is pleased to announce the appointment of Prof. Dr. Karl Viktor Schaller as a Non-Executive Director with immediate effect.
Prof. Schaller, aged 51, is a mechanical engineer based in Munich, Germany. Between 1990 and 2009 he worked at MAN Commercial Vehicles AG, one of Europe's leading industrial transport related engineering companies, heading various departments including those responsible for development of alternative drive systems and heavy trucks. In 2006 he became a full board member of MAN Commercial Vehicles AG, responsible for product development, purchasing and planning.
Rodney Westhead, Chairman of Clean Air Power Limited, commented:
"It gives me great pleasure to welcome Viktor to our Board. His knowledge and experience of working within a major international OEM will prove a valuable asset to Clean Air Power as we continue to develop further relationships following our recent fundraising and commercial successes with Volvo and Navistar."
Save for the disclosures above there is no other information to disclose in accordance with Rules 17 and Schedule 2 (g) of the AIM Rules for companies.
For further information contact:
Clean Air Power Ltd 01772 624499
John Pettitt
Peter Rowse
Buchanan Communications 020 7466 5000
Charles Ryland
Ben Romney
Charles Stanley Securities 020 7149 6000
(Nominated Adviser and Broker)
Russell Cook
Carl Holmes
Notes to Editors
About Clean Air Power
Clean Air Power is the developer and provider of Dual-Fuel combustion technology for heavy duty diesel engines. Dual-Fuel engines substantially cut fuel costs and carbon emissions without sacrificing the original engine's characteristic efficiency or reliability. Clean Air Power is well positioned to assist corporations and governments to deliver on their environmental commitments while at the same time reducing transport operators' overheads.
Initially founded in the USA in 1991, around £40m has been invested in the Company to develop the technology with the result that 62 patents are currently held or pending. The holding company of the Group is based in Bermuda with operational subsidiaries in the UK, the USA and Australia. The Group was admitted to the AIM market of the London Stock Exchange in February 2006.
Further information on Clean Air Power is available at www.cleanairpower.com
Related Shares:
CAP.L