Intelligent Energy Appoints Allan McNichol as Managing Director, Consumer Electronics Division

LOUGHBOROUGH, England - Tuesday, November 8th 2011 [ME NewsWire]

(BUSINESS WIRE)-- Intelligent Energy, the global clean power systems company, has today announced the appointment of Allan McNichol as Managing Director, Consumer Electronics. McNichol has a wealth of international experience at both small and medium fast growth businesses. He also has an excellent track record in large global businesses, most recently at Thomson Reuters where he was responsible for the re-engineering and launch of Eikon, the global web-based information platform for financial professionals.

Following an early career selling financial products, McNichol joined Equis, a financial technology provider based in Salt Lake City, where he quickly rose through the ranks and was appointed CEO in 1999, not long after the company was acquired by Reuters. In 2005, McNichol was appointed Global Head of Desktop Platform at Reuters Plc responsible for driving a global change management and integration programme underpinning a multi-billion dollar financial information business.

“The explosive growth in “power hungry” personal electronic devices creates a hugely promising growth market for portable fuel cells,” explained McNichol. “I believe Intelligent Energy’s portable power technology - which is very compact, durable, mass manufacturing-ready, recyclable, cost efficient and easy-to-integrate - is ideally placed to capitalise on this opportunity. I’m looking forward to using my background creating great customer product experiences to rapidly grow this division of Intelligent Energy’s business.”

McNichol’s role as Managing Director, Consumer Electronics at Intelligent Energy will see him take the lead in growing the company’s consumer electronics and portable power business globally, shaping strategy and forging key partnerships in the sector to accelerate market introduction.

“Allan’s track record in scaling up multi-billion dollar global programmes for Thomson Reuters both as an International Programme Director and subsidiary CEO, is perfectly suited to our consumer electronics division,” said Dr Henri Winand, CEO, Intelligent Energy. “Allan’s arrival at Intelligent Energy couldn’t have come at a better time. We are ready to capitalise on demand driven growth for our unique proprietary clean and efficient power systems. Allan’s talent, commercial acumen, speed of execution, unquestionable energy to drive change and see things through, and, ultimately, his experience in rapidly scaling-up commercial opportunities on a global stage are all absolutely essential to meet demands in this fast moving segment.”

About Intelligent Energy

Intelligent Energy is a global clean power systems company, with a range of leading hydrogen fuel cell technologies. The company partners with leading global companies in the transportation, aerospace, distributed generation, backup and portable power markets. Current partners and customers include Scottish & Southern Energy plc and The Suzuki Motor Corporation, with whom Intelligent Energy built the Burgman Fuel Cell Scooter, the first fuel cell vehicle to achieve European Whole Vehicle Type Approval. The Company’s successes include the world’s first purpose built fuel cell motorbike and supplying the fuel cell to Boeing which powered the world’s first manned fuel cell aircraft.

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