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Press Releases: Board Changes

22 February 2006

Not for release, publication or distribution in the United States

Tersus Energy plc – Board Changes

Tersus Energy (“Tersus Energy” or “the Company“), the AiM-listed renewable energy business, announces a change to its Board of Directors.

Anthony Moore and Kenneth Denos have resigned from the Board. They will receive compensation in accordance with the contractual entitlement provided by their service contracts.

Tony Moore said:
“Ken and I are proud to have been associated with the Company’s success to date and are confident of continuing success as Tersus Energy realises its full potential.”

John Devaney, Chairman, commented:
“I would like to express my gratitude to Tony and Ken for their superb contributions to Tersus Energy's development. I am pleased that each of them will be continuing their support for the Company by using their compensation amount to buy Tersus Energy shares in the market, which will be completed as soon as practicable subject to market conditions and regulatory restrictions.
Today’s Board changes reflect the Company’s successful evolution since its listing in February last year to become an investor and operator through its renewable energy businesses.”

Enquiries:

Tersus Energy plc
Steven Levine, Chief Executive Officer
David Wilson, Finance Director
Tel: 020 7408 5420

M Communications
Patrick d'Ancona
Nick Fox
Tel: 020 7153 1540

Notes to Editors

About Tersus Energy plc

Tersus Energy floated on AIM in February 2005. Prior to its IPO, Tersus was a majority owned subsidiary of Moore Clayton & Co Inc (‘MCC I’). Following the IPO, MCC I was a substantial minority shareholder and accordingly MCC I nominated three members of the Tersus Board.

Following Tersus’ fundraising in December 2005, MCC I’s shareholding reduced to approximately 26%. Tersus has moved progressively from being an advisory business to being an investor and operator in three key areas of activity: Asian Renewables, Biofuels, and Energy Controls (described in more detail below).

  • Tersus Asian Renewables. Formed to exploit the demand for renewable energy in Asia, Tersus Asian Renewables is focusing on wind, biomass and clean coal, principally in China and India. It intends to acquire interests in businesses well placed to benefit from growth in asian renewable generation and to develop, manage and invest into the project streams of chosen Joint Venture partners.
  • Tersus BioEnergy. Formed to exploit the accelerating demand for alternative fuel based supplies of energy, Tersus BioEnergy is focusing on biofuels (bioethanol and biodiesel) and electricity produced from forest, agricultural, municipal and industrial waste. It intends to develop, manage and invest into a stream of projects with chosen Joint Venture partners, growing in scale over time. Its first strategic relationship is with Dynamotive Energy Systems Corporation. DynaMotive's technology economically converts biomass into a renewable, environmentally friendly fuel. DynaMotive has successfully demonstrated conversion of these residues into fuel known as BioOil.
  • Tersus Energy Controls. Formed to exploit the opportunity presented by the increasing focus on energy efficiency and management of electricity consumption, Tersus Energy is focusing on mobile applications (eg. electric vehicles, Automatic Guided Vehicles, fork lifts, fuel cells, hybrids) and stationary applications (eg. building controls, energy management information). Its first investment was to acquire 100% of the business of Navitas Technologies a canadian supplier to the north American electric vehicles controls market.

Tersus Energy intends to build three independently sustainable businesses on these three platforms which it considers to be among the most attractive available in the renewable and alternative energy sector.

 
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