Emission & Power Solutions Sets Extengine Closing Date, Names Phil Roberts Chief Marketing Officer
LONDON, Aug. 9 /PRNewswire/ -- Emission & Power Solutions, Plc ("EPS"), (Ticker: EPI.F, Bloomberg ticker: EPI:GR), announced today the closing date of 30 September 2010 for its all-stock acquisition of Extengine Systems, Inc. The combined company will operate as EPS with Extengine's management joining that of EPS.
In anticipation of the closing, EPS names Extengine CEO Phil Roberts as its new Chief Marketing Officer. Mr. Roberts will oversee the global marketing and sales of Extengine and EPS products with a focus on existing US and new Asian markets. Mr. Roberts is an accomplished executive with 25 years experience in emissions control systems development and fuel/oil marketing at Extengine and, previously, Atlantic Richfield/ARCO. He was chosen as one of INC magazine's "Top Fifty Green Entrepreneurs," was named "California Businessman of the Year" by the National Business Council, and was featured in the London Financial Times and Los Angeles Times. Mr. Roberts has earned degrees from Georgetown University, Universite de Paris, (Sorbonne), and an executive certificate from Wharton.
EPS Chairman Erik Ulsteen stated, "We welcome Phil Roberts to the senior management team of EPS. We are excited about the synergies between products and management teams and a shared commitment to reduce greenhouse gases."
About Extengine:
Extengine manufactures and sells state-of-the-art diesel engine exhaust-after-treatment and diesel engine upgrade kits. Extengine is the first and only company that has a California Air Resources Board (CARB) verified SCR-based (Selected Catalytic Reduction) diesel retrofit system that reduces NOx 80-90%. Extengine markets its services and proprietary systems to diesel fleet operators in California and elsewhere that are required or "mandated" to clean up their existing diesel fleets. Additionally, its newest low cost Lean NOx Trap (LNT) system offers the simplest and most economical diesel NOx emission reductions on a cost-per-ton of emissions basis, particularly on the millions of older, in-use heavy/mid-duty stop-and-go city-driven diesel vehicles and off-road pieces of equipment.
For more information about Extengine please visit www.extengine.com.
About EPS:
EPS is a "clean tech" company that licenses, acquires, develops, deploys, and transfers technologies dedicated to improving fuel economy while also reducing environmentally harmful exhaust emissions. EPS is a publicly listed company that trades on the Frankfurt Exchange and the Xetra platform under symbol EPI.
This news release may contain "forward-looking statements" about the business, financial performance and prospects of the Company. Statements about the Company's or management's plans, intentions, expectations, beliefs, estimates, predictions, or similar expressions for the future, including any statements regarding the payment of any dividend or capital reduction or the timing and amount of such payment, are forward-looking statements. No assurance can be given that the outcomes of these forward-looking statements will be realized, and actual results could differ materially from those expressed as a result of various factors. A discussion of these factors, including risks and uncertainties, is set forth from time to time in the Company's filings.
For more information about EPS please visit www.epsaves.com or please contact:
North America: |
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Ross Silver |
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Investor Relations |
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1 877.215.4813 |
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Europe: |
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Harald Jurkschat |
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Investor Relations |
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Pro Patrimonio |
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+41 (0)44 772 10 11 |
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SOURCE Emission & Power Solutions, Plc
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