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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Questair Tech | LSE:QAR | London | Ordinary Share | CA74836V2057 | COM SHS NPV (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
QuestAir announces management changes BURNABY, BC, Aug. 19 /CNW/ - The board of directors of QuestAir Technologies Inc. ("QuestAir" or "the Company"; AIM: QAR; TSX: QAR) (the "Board") is pleased to announce the appointment of Andrew Graham Hall as President and Chief Executive Officer ("CEO") in succession to Jonathan Wilkinson, with an effective date of September 1, 2008. At the same time, Mr. Hall will also be appointed to the board of directors of QuestAir, filling the vacancy created when Mr. Wilkinson steps down as President, CEO and director. The Board would like to express its gratitude to Mr. Wilkinson for his service to the Company over the last nine years, six as CEO. He successfully led QuestAir from its private research and development origins into the public markets, through the establishment of major customer relationships and the commercialization of its leading pressure swing adsorption ("PSA") technologies. Mr. Wilkinson will remain available during the month of September, 2008 to facilitate a smooth transition. "Having successfully implemented organizational changes to reduce operating expenses, strengthened QuestAir's balance sheet through the most recent equity offering, and entered into a new, multi-year engineering service contract with ExxonMobil Research & Engineering, the board and Jonathan agreed that this would be an appropriate time to transition the leadership of the Company," said Denis Connor, QuestAir's Chairman of the Board. "The Company is now in the position to build on these successes and transition to a commercially sustainable enterprise." Mr. Hall (36) has been with QuestAir for over seven years and has held numerous management positions, most recently as Vice President, Sales and Business Development. In this role, Mr. Hall had responsibility for the Company's principal customers, the commercialization of its products and the development of new markets, particularly in the growing biogas sector. In previous roles, Mr. Hall has been responsible for corporate strategy, corporate development and investor relation activities. Mr. Hall holds a Chemical Engineering degree from the University of Cape Town, a MASc degree in Chemical Engineering from the University of British Columbia, and an MBA degree from the London Business School. "Andrew brings a fresh perspective and new energy to the role of CEO at QuestAir and the Board is confident that he can drive the Company to profitability," said Denis Connor, Chairman of QuestAir. "Andrew's understanding of the Company's key markets, customers and partners, will enable him to hit the ground running and develop the strategies necessary to achieve commercial growth in the refinery and biogas markets." Andrew Hall commented: "I am privileged and excited by the opportunity to lead QuestAir. The growth drivers in the biogas and refinery markets remain very strong, and we have an excellent and committed team to execute in these markets. The core components of our strategy remain in place, with an added emphasis on increasing our sales and customer focus, building and improving our execution capability, and developing new growth opportunities." Commenting on the transition, Jonathan Wilkinson said, "I am very pleased that Andrew Hall, with whom I have worked on the development of QuestAir for some years, will succeed me in leading the Company into its next phase of growth." There are no further disclosures required pursuant to Schedule 2(g) of the AIM Rules for Companies. About QuestAir Technologies Inc. QuestAir Technologies, Inc. is a developer and supplier of proprietary gas purification systems for several large international markets, including existing markets such as oil refining, biogas production and natural gas processing, and emerging markets such as fuel cell power plants and fuel cell vehicle refueling stations. QuestAir is based in Burnaby, British Columbia and its shares trade on the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock Exchange under the symbol "QAR". Forward Looking Statements Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, such statements use such words as "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "will" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this press release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. For further information: QuestAir Technologies Inc., Andrew Hall, Phone: (001) 604-453-6967, Email: hall(at)questairinc.com, Web: www.questairinc.com; Or: Sherry Tryssenaar, Phone: (001) 604-453-6902, Email: tryssenaar(at)questairinc.com; UK media contact: Charles Ryland, Ben Willey, Buchanan Communications, Phone: +44 (0) 20-7466-5000; Canadian media contact: Stephen Burega, Karyo Communications, Phone: (001) 604-623-3007; Canaccord Adams: Robert Finlay, Phone: +44 (0) 207-050-6500 (QAR) -30- END
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