4th Apr 2013 07:00
RNS REACH
4 April 2013
Energetix Group Plc
("Energetix" or the "Company")
Senior Management Appointment
Energetix Group plc, (AIM: EGX), which develops and commercialises alternative and efficient energy products announces the appointment of Giovanni Suero, as the General Manager - Operations, at Flow Products.
Giovanni joins from Flextronics, one of world's leading electronics manufacturing services providers with over 150,000 employees, and customers in 30 countries on four continents, where he has worked since 2001.
For the last four years, he has worked for Flextronics Automotive based in Italy, running the company's two manufacturing facilities. He had previously worked for Flextronics in Hungary, China and Mexico, and has a breadth of international operational experience gained over a total of 26 years in sales and project management.
The majority of the roles held in his career have combined strategic planning, multi-site operations management, pricing structures and sales management.
He has strong experience in process optimisation and his appointment comes in pursuit of the Company's plan to launch its micro Combined Heating and Power boiler; Energetix envisages him contributing towards achieving this goal.
Commenting Peter Richardson, CEO of Energetix Group, said:
"Giovanni has proven success in optimising processes and driving productivity throughout his career. His record at Flextronics, along with his previous achievements suggest clear ways in which he can add value to our organisation. We are delighted with his appointment and look forward to working with him as he provides added strength to our senior management team, in terms of building our operational capabilities at Flow."
For further information:
Energetix Group plc |
www.energetixgroup.com |
Peter Richardson, Chief Executive Officer | Tel: +44 (0)151 348 2111 |
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Cenkos Securities plc (NOMAD & Broker) | www.cenkos.com |
Stephen Keys / Adrian Hargrave (Corporate Finance / Nomad) Julian Morse (Sales) | Tel: +44 (0)20 7397 8900 |
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Walbrook PR Ltd | Tel: +44 (0)20 7933 8780 |
Paul McManus (Media Relations) | |
Paul Cornelius (Investor Relations) |
Energetix Group plc
Energetix Group plc is a developer of cost-effective products to meet the growing global demand for alternative efficient energy. Currently Energetix has two subsidiary businesses:
Flow - microCHP energy generation and retail electricity & gas
Pnu Power - compressed air back-up power for the protection of essential systems
In addition, Energetix has a c.25.7% stake in VPhase plc, an energy efficiency business created by Energetix and subsequently spun out in 2010. VPhase is now a standalone independently funded commercial venture.
With all technology development now completed Energetix is well positioned as it moves to the commercialisation stage of its corporate development.
Flow (formerly Genlec and Kingston Energy) - www.freeflow.uk.com
Flow Products has developed a highly efficient, compact and light weight, wall mounted microCHP (Combined Heat and Power) appliance known as the Flow Boiler (formerly the Kingston Boiler). The Flow Boiler is specifically designed to generate 1kW of electrical power. The Flow Boiler therefore has an inherent low total cost of ownership (initial outlay plus maintenance) and has already demonstrated industry leading payback cycles which many analysts believe is the key to unlocking this significant market opportunity.
Flow Energy is a unique dual fuel energy company, which will provide free microCHP boilers to its customers in return for a commitment to buy gas and electricity, with a price promise that energy prices will not exceed those of the major energy suppliers.
Pnu Power
Pnu Power focuses on the provision of compressed air back-up power which can ensure an uninterruptible power supply for critical systems, particularly for the telecoms, data centre and power transmission markets. Pnu Power range has been extended to include the DC100 product that can now meet the demand of the rapidly growing Green Data Centre market, providing a low carbon alternative to flywheels. Pnu Power has been successful in achieving repeat trial sales and is now poised to move out of the trial sales phase and into full volume commercial sales.
Energetix Group joined AIM in August 2006. The Group and its subsidiaries and associates are based near Chester, NW England and Ipswich, Suffolk.
Related Shares:
Flowgroup