Hydrogenics Appoints GM Representatives To Board Of Directors
TORONTO, Nov. 15 /CNW/ --
Hydrogenics Corporation (Nasdaq: HYGS; TSE: HYG), a designer and manufacturer
of proton exchange membrane (PEM) fuel cell systems, today announced it has
appointed two General Motors executives to Hydrogenics' Board of Directors.
Frank Colvin, Vice President for Engineering, General Motors Europe, will
serve as a director on the board. Mr. Colvin is responsible for coordinating
engineering activities for Opel in Germany, Saab in Sweden, and the Vauxhall
Light Commercial Vehicle Center in the U.K. He is also responsible for General
Motors Global Alternative Propulsion Centers (GAPC) managing GM's Fuel Cell
Research and Development in Mainz-Kastel, Germany; Warren, Michigan; and
Rochester, New York. Mr. Colvin's experience with GM includes over thirty
years in engineering design of facilities, product and manufacturing
engineering, production management, and Global Engineering management.
Dave Wetter, a leading GM expert on fuel cell stack development, will join
the board as a non-voting observer. Mr. Wetter was appointed Staff Engineer,
GM Fuel Cell Development Center, in 2001, and in this position he plays a
leadership role in expanding the facility's fuel cell commercialization
opportunities. In the capacity of Staff Engineer for stack development from
1997 to 2000, Mr. Wetter led the development and demonstration of several
world-class stack designs. A recent demonstration of the Center's leading
stack technology was shown in the award-winning OPEL Hydrogen 1 vehicle.
Mr. Wetter has been an instrumental force in defining and advancing the
GM-Hydrogenics relationship over the last two to three years.
"We are very pleased that GM has selected these two gentlemen to
participate on our Board, particularly in view of their collective breadth of
manufacturing experience," said Pierre Rivard, President and CEO of
Hydrogenics. "Manufacturing is the next step on Hydrogenics' path to fuel cell
commercialization. The practical insight and direction of these two gentlemen
will allow us to approach the next phase in our company's growth with
increased confidence."
Last month Hydrogenics and GM formed a strategic alliance to accelerate
the commercialization of fuel cell technology, with GM acquiring a 24% stake
in Hydrogenics. |
