Simon Clarke worked for Railpower symbol P.to before coming to VRB.I like this fit.Will we see an announcement that Railpower will be trying VRB ESS in it's GREEN GOAt locomotive replacing the outdated lead acid battery's?
VRB Power Appoints Simon Clarke as Executive Vice President of Corporate Development
Wednesday January 4, 9:30 am ET
VANCOUVER, Jan. 4 /CNW/ - VRB Power Systems Inc. (TSX-V: VRB - News) is pleased to announce the appointment of Simon Clarke as Executive Vice President Corporate Development.
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VRB Power CEO, Tim Hennessy, said "I am very pleased to announce the addition of Simon to the VRB Power Management Team. Simon's addition is the latest step in our move to strengthen our team as the Company grows and moves into the manufacturing phase of its development."
"Simon has an excellent background in Corporate Development. He joins us from RailPower Technologies Corp. where he spent almost four years and was instrumental in the implementation and execution of RailPower's successful capital markets strategy and initiatives."
"At VRB Power Simon will be a key part of our Management Team. He will be responsible for our Investor and Public Relation's efforts and will be the main interface with the investment community. His investment banking and legal background will also be very helpful in our strategic initiatives as we grow our business domestically and internationally," concluded Hennessy
Simon Clarke said "I am delighted to be joining the VRB Power Team at such an exciting time in the Company's development. I believe that the Company is very well placed to take advantage of the large opportunities that exist globally in energy storage."
Simon Clarke has over 15 years of corporate finance experience. He was a securities and corporate lawyer in London, UK before moving into investment banking. His UK experience includes being Director of Corporate Finance for Williams de Broe plc, a London-based firm of stockbrokers and part of the ING Group.
The Company would also like to announce the granting of 400,000 incentive stock options to Mr. Clarke at a price of $.73 CAD for a period of 5 years. The stock options are granted pursuant to the Company's stock option plan and are subject to regulatory approval.
About VRB Power
Headquartered in Vancouver, Canada, VRB Power Systems Inc. ("VRB Power") is an electrochemical energy storage company that is commercializing the patented VRB(TM) Energy Storage System ("VRB-ESS(TM)") and has acquired the intellectual property rights comprising the Regenesys Energy Storage System ("RGN-ESS(TM)").
Both technologies represent a new enabling capability to effectively store large amounts of electricity on demand. They can provide direct economic benefits to utilities and end users in terms of improved power quality, reliability and energy efficiency and are particularly well suited to load levelling (peak shaving), electrical power arbitrage, grid stability enhancements, capital deferment and Remote Area Power Supply (RAPS) applications. The VRB-ESS is focused towards stationary applications such as utility substations, commercial buildings, production facilities, telecommunication operations, cellular radio sites and renewable resource generation such as wind and solar applications, where its utilization creates the ability to provide "firm" capacity.
As a "green" technology, the VRB-ESS is characterized by having a low ecological impact and is unlike most other conventional energy storage systems that rely on toxic substances such as lead or cadmium. VRB Power is publicly listed on the TSX Venture Exchange ("VRB") and the OTC Pinksheets ("VRBPF").
Warning: The Company relies upon litigation protection for
"forward-looking statements"
"The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release"
Vince Sorace
President, VRB Power Systems Inc.
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