Ceres Power Holdings plc Director Retirement (2338W)

TIDMCWR

RNS Number : 2338W

Ceres Power Holdings plc

31 July 2018

31 July 2018

Ceres Power Holdings Plc

("Ceres Power" or the "Company")

Director Retirement

Ceres Power Holdings plc (AIM: CWR) announces that today, the 31(st) July 2018, Mike Lloyd retires from the board of the Company as a Non-Executive Director. Mr Lloyd was appointed to the Board in July 2012 and he retires in line with the Company's best practice governance guidelines having completed two three-year terms of appointment.

Following Mr Lloyd's retirement, the Company is reviewing board composition, is currently seeking a Non-Executive Director replacement for Mr Lloyd and will announce further details in due course.

Alan Aubrey, Chairman of Ceres Power said

"The board would like to thank Mike for his service and wealth of experience he has brought to the Company and Board during the past 6 years. Mike's technical and engineering experience has been key to the Company progressing the SteelCell(R) technology to its current position as a world leading, low cost, next generation, fuel cell technology."

For further information, please contact:

 
 Ceres Power Holdings plc                       Tel: [phone] 
  Dan Caesar                                                     463 
 
   Zeus Capital (Nominated Adviser              Tel: [phone] 
   and Broker)                                                  5000 
   Giles Balleny / Andrew Jones / 
   Dom King 
 
   Berenberg (Joint Broker)                     Tel: [phone] 
   Ben Wright / Mark Whitmore / Laure                           7800 
   Fine 
 
   Powerscourt                                  Tel: [phone] 
   Peter Ogden/Andy Jones                                       1446 
 
 
 

Notes to Editor:

About Ceres Power

Ceres Power is a world leader in low cost, next generation fuel cell technology for use in distributed power products that reduce operating costs, lower CO2, SOx and NOx emissions, increase efficiency and improve energy security. The Ceres Power unique patented SteelCell(R) technology generates power from widely available fuels at high efficiency and is manufactured using standard processing equipment and conventional materials such as steel, meaning that it can be mass produced at an affordable price for domestic and business use. Ceres Power offer its partners the opportunity to develop power systems and products using its unique SteelCell(R) technology and know-how, combined with the opportunity to supply the SteelCell(R) in volume through its manufacturing partners. For further information please visit: http://www.cerespower.com/

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July 31, 2018 02:02 ET (06:02 GMT)