Appointment of Tom Nairn and Robert Lowe as Independent Non-Executive Directors |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Turbotec Products, Inc., Div. of Thermodynetics
651 Day Hill Rd., Dept 1010
Windsor, CT, 06095
USA
Press release date: June 27, 2006
Turbotec Products Plc ("Turbotec" or "Company") is pleased to announce the appointment of Tom Nairn, aged 60 and Robert Gardiner Lowe, aged 63, as the Company's UK based independent Non-Executive Directors with effect from 20 June 2006. The Board is also pleased to announce that Tom Nairn has agreed to act as the Company's Non-Executive Chairman.
Both bring considerable senior level management experience to Turbotec from long careers across a diversity of companies, principally in the United Kingdom and United States. They have operated in market sectors relevant to Turbotec's business and have headed publicly quoted companies. Both currently have Non-Executive positions with other AIM quoted companies.
Tom Nairn has been a director of both private and listed manufacturing companies for over twenty-five years, with significant experience of overseas markets and international operations. He is an electrical engineer and has been chief executive of Dale Power Systems Limited and Bray Technologies plc. Previously Chairman of Munster Simms Engineering Ltd. and Eurocare Environmental Services Ltd. Since 2001 he has held four Non-Executive roles with private companies and remains a Non-Executive director of AIM quoted PM Group Plc.
Robert Lowe's 36 year career has spanned a range of companies principally in the IT sector. Notably he was a director of Micro Focus Group Plc and Superscape PLC being pivotal to the development of both. He has significant international experience and maintains strong business connections.
Mr. Lowe's last executive role was as CEO of Monaco based Café Grand Prix Sam from which he retired in 2003. Since this time, he has been Non-Executive Chairman of AIM quoted Corpora Plc and a Non-Executive Director of AIM quoted Delling Group PLC.
Sunil Raina, Managing Director, Turbotec, commented: "Robert's and Tom's depth of industry and City connections and experience as senior managers, will lend considerable value to the Board at a time of rapid development for Turbotec. They will play an active role as the Company seeks to widen it customer base into new geographic regions and industry sectors."
Tom Nairn Current Directorships: Directorships within the past five years: PM Group Plc Pitt Wilson Electric Ltd Eurocare Environmental Services Ltd* M S (NI) Engineering Ltd Bray Technologies Plc
Robert Lowe Current Directorships: Directorships within the past five years: Delling Group PLC Café Grand Prix Sam Corpora PLC *Eurocare Environmental Services Limited was a multi-site clinical waste services provider which was placed in administration on 20 January 2004 to allow a pre-pack disposal of the assets in order to protect the customers, suppliers and employees. Mr. Nairn resigned on 10 March, 2004.
Save the above disclosures, there are no other matters, which are required under Schedule Two (g) of the AIM Rules For Companies, to be disclosed with regards to the appointments of Tom Nairn and Robert Lowe as Directors of the Company.
Sunil Raina, Managing Director Turbotec Products Plc +1 860 683 2005
David Rae Daw nay Day Corporate Finance Ltd +44 (0) 20 7509 4570
Nicholas Nelson Nexus Financial Ltd +44 (0) 20 7451 7050 nicholas.nelson@nexusgroup.co.uk
ABOUT TURBOTEC
Turbotec is the holding company for Turbotec Products Inc, ("TPI") an established, profitable, specialist engineering business, based in Windsor, Connecticut, USA.
TPI's business is the design, manufacture and marketing of technologically advanced heat exchangers and value added metal tubing, components and systems for a range of industries including the heating, air conditioning and refrigeration industries.
Through its proprietary manufacturing processes TPI is able to convert mill purchased metal tubing into special purpose spirally fluted (twisted), grooved and coiled tubes and components that are sold to its customers for use in their end products.
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