30th Nov 2005 07:01
3DM Worldwide PLC30 November 2005 Press Release 30 November 2005 Board Changes Niall MacKay to become CEO and Ken Brooks to become Non Executive Chairman 3DM Worldwide plc ("3DM" or "the Company"), developers and worldwide holders ofthe intellectual property rights for the polymer based powder impressionmoulding ("PIM") process, announces the appointment of Niall MacKay, to theExecutive Board as Chief Executive Officer of the Company with immediate effect. Niall has also been appointed as Chief Executive Officer of 3DM subsidiary 3DMGroup Ltd where he was previously the Chief Operating Officer. Niall joined 3DM on 31st October 2005 from Royal Mail where he was a Director ofthe West of England and responsible for performance improvement. He has had ahighly successful career in management, manufacturing and logistics. Between2000 and 2003 he was the National Distribution Manager of British Bakeries andprior to this he was the General Manager of Manufacturing for Coca-Cola &Schweppes Beverages. Niall was a non-Executive Director of Romec, a jointventure between Royal Mail and Hayden Balfour Beatty providing buildingengineering, cleaning and security services as well as facilities management. Ken Brooks will become non-Executive Chairman with immediate effect. Peter Oldham, Managing Director of 3DM Worldwide plc, said: "Since Niall'sappointment as Chief Operating Officer in October 2005 we have been extremelyimpressed with his level of understanding of the business, combined with hiscommitment to 3DM and as a result we are extremely happy to have Niall join the3DM Board. As Managing Director of 3DM, I welcome Niall to this new position onthe Board and look forward to working closely with him in achieving theCompany's strategic objectives." Niall MacKay, aged 41, is, or has been, a director of the following companiesduring the past five years: Current Directorships Past directorships3DM Group Ltd Romec Services Limited Parlour Properties Limited Eley Estate Company Limited There is no other information that falls to be disclosed under Schedule 2paragraph (g) of the AIM Rules. - Ends - For further information: 3DM Worldwide PLC Ken Brooks, Chairman Tel: +44 (0) 1993 779 [email protected] www.3dmworldwide.com Media enquiries: Abchurch Tel: +44 (0) 20 7398 7700 Ariane Comstive / Henry [email protected] www.abchurch-group.com Notes to editors 3DM Worldwide plc is a leader in plastics technology intellectual property, andwas admitted to AIM in October 2002. 3DM acquired two plastics manufacturing processes in 2001: Powder ImpressionMoulding ("PIM") and 3-Dimensional Blow Moulding, the latter giving 3DM itsname. The PIM process allows the production of a strengthened plastic composite thathas the strength and other comparable properties of metal. It is a low pressuremoulding process suitable for the production of very large parts. There aremany varied applications in industry where there is a need for overall strengthand rigidity combined with weight savings. Significant capital and toolingsavings can be made, because the methodology of the process utilises anon-pressure method. There are many and varied potential PIM applications andit is ideal for those wishing to produce parts that may be large, light weightand durable. Specific applications include manufacturing of a wide range ofproducts in high volume global markets such as Building Products, Construction,Automotive, Marine, Aviation, and White Goods. 3DM's strategy with the PIM process is to offer this technology as analternative means of making large complex moulds, but also as a means ofreplacing alternative materials like metal or fibreglass. 3DM also believesthat the PIM process offers the potential for a significant rise in the use ofrecycled material to make a product which itself would be recyclable at the endof its useful life. The 3-Dimensional Blow Moulding process facilitates the manufacture of complexcomponents or component sub-assemblies of differing materials in a single mould. This reduces the number of parts in manufacturing, creating significant costsavings through diminished labour operations and attendant costs as well as areduction in the weight of cumulative parts. In addition, there is theopportunity to add non-plastic materials, and to vary the formula appropriate tocustomer requirements. Most of the exploratory work with this process has beenwith the automotive industry, where there is a constant need for more complexassemblies. This also applies to the medical industry, where similaropportunities exist, but with a wider spectrum of products. - Ends - This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ENRT.L