Altech Board Appointments
Perth, Oct 23, 2015 AEST (ABN Newswire) - Altech Chemicals Limited (
ASX:ATC) is pleased to advise that it has appointed His Royal Highness Prince Ya'acob Bin Tunku Tan Sri Abdullah, as a non-executive director to the Altech Chemicals Limited Board, and that the Prince has nominated Mr Uwe Ahrens as his alternate.
Tunku Dato' Ya'acob bin Tunku Tan Sri Abdullah (55) - NED
Tunku Dato' Ya'acob bin Tunku Tan Sri Abdullah is the Executive Chairman of the Melewar Khyra Group of Companies (Melewar), a Malaysian base diversified financial and industrial services group. He is the major owner and shareholder of Melewar. Tunku Dato' Ya'acob sits on the Boards of Khyra Legacy Berhad, Mycron Steel Berhad, MAA Group Berhad, Melewar Industrial Group Berhad, Ithmaar Bank B.S.C.( listed on Bahrain Stock Exchange) and several other private companies.
Tunku Dato' Ya'acob graduated with a Bachelor of Science (Hons) Degree in Economics and Accounting from City University, London. An accountant by training, he is a Fellow of the Institute of Chartered Accountants in England & Wales and a member of the Malaysian Institute of Accountants. He started his career as an Auditor with Price Waterhouse, London from 1982 to 1985 and subsequently joined Price Waterhouse Kuala Lumpur from 1986 to 1987. He joined Malaysian Assurance Alliance Berhad in 1987 and retired as its Chief Executive Officer in 1999.
Mr Uwe Ahrens (50) - Alternate Director
Mr Uwe Ahrens is executive director of Melewar Industrial Group Berhad and managing director of Melewar Integrated Engineering Sdn Bhd. He also sits on the Board of several other private limited companies. Mr Ahrens holds Masters in both Mechanical Engineering and Business Administration from the Technical University Darmstadt, Germany. Upon graduation, Mr Ahrens joined the international engineering and industrial plant supplier, KOCH Transporttechnik GmbH in Germany, now belonging to FLSmidth Group, where he held a senior management position for 12 years, working mainly in Germany, USA and South Africa.
In 1997, he was based in Kuala Lumpur as General Manager of KOCH in South East Asia and became its Managing Director in 1999. He joined Melewar Group in 2002 and is also currently chief technical officer of the Melewar group of companies being responsible for engineering, upgrading, modification and extension of machinery and plant as well as the overall maintenance.
Altech Chairman, Mr Luke Atkins welcomed the appointment of Tunku Dato' Ya'acob and his alternate Mr Uwe Ahrens to the Altech Chemicals Limited Board. "These gentlemen are successful businessman in their own right and will add a wealth of experience and skills to the strategic direction and governance of the Company.
Their experience and knowledge in building businesses in Malaysia is a very important to the Company's plans to construct and operate its HPA plant in Johor, Malaysia. We look forward to their involvement and guidance through Altech's exciting growth phase".
About Altech Batteries Ltd
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.
The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.
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