Cardiff, Wales – May 30, 2008 – Pioneering solar company G24 Innovations (G24i) has announced the key appointment of its new Chief Financial Officer, Stephen Sadler. Mr Sadler joins the company from power solutions manufacturer Turbo Power Systems (TSX:TPS.TU AIM:TPS.L), where as CFO he led a number of major strategic and financial operations.
Mr Sadler will bring a wealth of experience with him to G24i having previously held a number of Board level and senior financial positions with quoted technology companies. Prior to joining G24i, he was Chief Financial Officer for Turbo Power Systems Inc, an AIM and Toronto Stock Exchange listed company specialising in energy efficient power electronics solutions for transportation and distributed generation. Previous roles included Chief Financial Officer for Host Europe Plc until its sale to Pipex Plc in 2004 and senior finance roles at Logica Plc and GX Networks Plc.
Mr Sadler qualified as an ACA with Arthur Andersen and has a degree in Industrial and Business Economics from the London School of Economics.
Commenting Stephen Sadler said, “I have been watching G24 Innovations with interest since its launch in 2005. The progress the business has made has been extremely impressive and I fully expect this to continue. We are on the cusp of a revolution in the solar industry and I believe G24 Innovations is at the very forefront. It is an exciting time.”
Robert Hertzberg, Chairman of G24 Innovations, added: “We are delighted to have attracted someone of Stephen’s pedigree to join G24 Innovations. He has exactly the experience that we are looking for and will play a key role in helping us to accelerate our growth and build significant shareholder value in the next few years. I look forward to working with him in helping to deliver the next generation of solar technology.”
Notes to Editors:
About G24i
G24 Innovations (G24i), a UK based company, is the world’s first to commercially manufacture next generation Dye-Sensitized Thin Film solar cells, an alternative to traditional silicon solar cells.
Dye-Sensitized Thin Film solar cells are unique in that they are extremely lightweight, durable, and produce electricity in low-light and indoor conditions. As a result, G24i’s advanced solar cells are perfect for powering mobile electronic devices such as mobile telephones, cameras, and portable LED lighting systems.
On a larger scale, G24i’s flexible thin film integrates effectively into clothing, tents, electronic advertising displays, and works well for indoor building integrated photovoltaic systems where local regulation requires on site generation or significant energy efficiency measures.
G24i’s proprietary high speed roll-to-roll manufacturing process allows for large volume production at our 23 acre, 187,000 square foot facility. Further information at: www.g24i.com.
For more information, please contact:
G24 Innovations:
Eliot Abel
+44 (0) 2920 837 340
eliot.abel@g24i.com
FD (PR):
Andy Field or Oliver Williams
+44 (0) 20 7831 3113
andy.field@fd.com
olly.williams@fd.com
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