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Intelligent Energy Appoints Paul Heiden as Chairman

LONDON, October 4, 2012 /PRNewswire/ --

Intelligent Energy, the global power technology company, is pleased to announce the appointment of Paul Heiden as non-executive Chairman with effect from Friday 29 September 2012.

Mr Heiden has extensive experience at the most senior levels of industry in a career which has spanned a range of leading engineering, manufacturing and technology companies. These include Rolls-Royce plc, where he was Group Finance Director and, most recently, FKI plc, where he was Chief Executive Officer.

The appointment of Mr Heiden follows the recent strengthening of the Board through the addition of three new non-executive directors in July: Mike Muller, the Chief Technology Officer and co-founder of ARM; Zarir J Cama, the former Chief Executive Officer of HSBC India and Malaysia; and Martin Bloom, the Chairman of Renesola. As a result, Intelligent Energy's non-executive team now has an outstanding breadth of expertise and deep experience in each of the company's main markets of motive, stationary power and consumer electronics.

Henri Winand, Chief Executive Officer of Intelligent Energy, said: "We are delighted that someone of Paul Heiden's calibre and experience is joining the company. His outstanding track record in both executive and non-executive roles will be invaluable in helping Intelligent Energy to achieve its ambitious plans for the future. I would like to thank John Rennocks, who has chaired the company for the past six years, for the very significant contribution he has made in steering the company through a highly successful period of growth and development."

Paul Heiden added: "Intelligent Energy is a company with a unique and outstanding technology, an exceptionally talented team and an increasingly global footprint. I look forward to contributing to what promises to be an extremely exciting future."

At both Rolls-Royce plc and FKI plc, Mr Heiden managed businesses with diverse interests in the global energy and industrial power business sector with substantial aftermarket activities. He also has extensive experience in corporate governance activities including communication with investors in the UK, US and EU.

Mr Heiden is currently a non executive Director of the London Stock Exchange Group plc, United Utilities plc and Meggitt plc. Until recently he was also Chairman of Talaris Topco plc, a company owned by the Carlyle Group.

About Intelligent Energy

Intelligent Energy is a leading power technology company, with a globally scalable business model. The company enables partners and clients to commercialise its proprietary fuel cell technology for the Motive, Stationary Power and Consumer Electronics sectors.

Intelligent Energy's proprietary fuel cell systems are powerful, compact and simple to construct, which drives its resource efficient strategy to 'design once, deploy many times'. This approach enables partners to accelerate and de-risk their go-to-market plans.

In early 2012, Intelligent Energy and the Suzuki Motor Corporation formed a joint venture company - Smile Fuel Cell System Corporation, to develop and manufacture air-cooled fuel cell systems for zero emission vehicles and a range of other industry sectors. Intelligent Energy was also the lead partner in a consortium, delivering a fleet of zero emission Fuel Cell Electric Cabs onto London's roads in 2012.

Intelligent Energy was born out of Loughborough University and was established in 2001. It now employs over 250 staff at its headquarters in Loughborough with offices situated in London, California, India and Japan.

In addition to visiting the Intelligent Energy website, more information is available via Twitter, YouTube, Flickr, Tumblr and LinkedIn.

Contacts

Dr Jon Moore
Director of Communications, Intelligent Energy
jon.moore@intelligent-energy.com
+44(0)1509271271
http://www.intelligent-energy.com/

Matthew Fletcher / Rob Greening / Lisa Kavanagh
Powerscourt (International media)
+44(0)2072501446

Alex Gandhi / Dominique Nunes
Racepoint Group (Trade media)
Intelligentenergyuk@racepointgroup.com
+44(0)2088112474

SOURCE Intelligent Energy