Gas Turbine Efficiency Appoints Harry Zike as Chief Financial Officer


GTE welcomes energy industry veteran to its leadership team to support the company's global growth plan

ORLANDO, Florida - Gas Turbine Efficiency plc ("GTE" or "the Company"), a leading provider of proprietary cleantech systems for enhancing the performance of aviation and industrial gas turbines, is pleased to announce the appointment of Mr. Harry W. Zike as its new Chief Financial Officer and Executive Director, effective immediately.

Mr. Zike is an experienced Chief Financial Officer who has spent his career in a variety of senior international roles within the energy and technology sector. Most recently, Zike was Chief Financial Officer of Energy Conversion Devices (ECD), a publicly traded NASDAQ alternative energy company. Prior to that, Mr. Zike spent 18 years with Siemens in Europe and the USA where he held a number of executive financial positions, including Chief Financial Officer in Siemens Energy and Automotive Divisions in the USA. Prior to that, Mr. Zike was with Price Waterhouse.

"We are delighted to have attracted someone of Harry's caliber to the GTE leadership team," said John Grant, Chairman of GTE. "He brings a wealth of relevant power generation sector knowledge, as well as the financial leadership experience and skills required to support GTE's global growth plan."

"I look forward to joining GTE's Executive Team during this important phase of company growth," said Mr. Zike. "In making the decision to join GTE, I was encouraged by the potential of the company and the commitment of my fellow team members."

Zike holds a Bachelor of Science degree in Accounting from the University of Scranton and is a Certified Public Accountant (CPA) and Certified Management Accountant (CMA). He is also a Director of Babcock Power, Inc., a private energy company.

About GTE

Gas Turbine Efficiency designs, manufactures and supplies proprietary cleantech energy saving and performance enhancing solutions to the power generation, oil and gas, and aviation industries. The company's extensive portfolio of patented cleantech solutions save fuel, reduce emissions, increase availability, and extend turbine and parts life. The Group also provides solutions for burning a wider variety and quality of fuels such as liquefied natural gas, clean coal, and alternative fuel blends. Products and services developed by our world-class technology team include compressor cleaning and power augmentation systems; fuels management systems; combustion design, repair, upgrade and monitoring; fluid and control auxiliaries; and outage management services.

For more information about Gas Turbine Efficiency plc and its products and services, please visit www.gtefficiency.com.

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