17th Mar 2009 07:00
|
For Immediate Release |
17 March 2008 |
Clean Air Power Ltd
("Clean Air Power" or "the Company")
Board Change
Clean Air Power Limited (AIM: CAP) announces that Larry Wilson has resigned as a Non-executive Director of the Company with effect from March 13, 2009.
Mr Wilson had been a Director of the Company since its listing on AIM in February 2006 and before that a Director of Clean Air Power Inc. The Board is not seeking a replacement, believing its new composition (being two executive directors, a non-executive chairman and three further non-executive directors) remains appropriate for the Company.
Rodney Westhead, Chairman of Clean Air Power, said:
"On behalf of the Board I would like to thank Larry for his significant contribution to the development of Clean Air Power since joining the Company in 2001. We wish him well for the future."
For further information please contact:
Clean Air Power +44 (0)1494 527110
John Pettitt, Chief Executive
Peter Rowse, Finance Director
Buchanan Communications +44 (0)20 7466 5000
Charles Ryland
Ben Willey
Ben Romney
Canaccord Adams Ltd +44 (0)20 7050 6500
Robert Finlay
Guy Blakeney
Bhavesh Patel
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 developing the technology with the result that 63 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