Electrofuel Inc. announces the appointment of PaulJ. Van Damme as the Company’s Vice President, Finance and Chief Financial Officer.Mr. Van Damme has more than twenty years of senior management experience. He willbe responsible for setting financial policy and managing the finance, treasury, capitalmarkets and investor relations functions as well as implementing new informationsystems to propel the Company’s anticipated rapid growth.
“Paul has a background in a variety of high growth technology based industries includingcomputers, wireless communication and biotechnology that will be especially useful tothe Company,” said Sankar Das Gupta, President & CEO of Electrofuel. Paul’sexperience in public companies listed on both the Toronto and New York StockExchanges will also help increase the level of financial sophistication at Electrofuel.”
Paul was most recently Vice-President, Finance and Chief Financial Officer of AllelixBiopharmaceuticals Inc. His previous experience included financial executive positionsat Canadian and international corporations including Canada Systems Group, LaidlawInc. and TeleZone Corporation. Mr. Van Damme received his B.Comm. and MBAdegrees from the University of Toronto. He earned his CA degree while atPricewaterhouseCoopers.
About Electrofuel
Electrofuel Inc. develops, markets and sells products using its proprietary lithium ionSuper Polymer rechargeable battery technology, which delivers the highest energydensity levels of any battery technology on the market today. Electrofuel’s goal is tobecome the leading provider of portable power for the notebook computer and wirelesssectors, and to apply its technology to a broad spectrum of alternative energy applicationsover the long term. Electrofuel is a public company trading on the Toronto StockExchange under the symbol EFL.
For more information about Electrofuel and its products, please visit our website at www.electrofuel.com.
Fore more information, please contact:
iContact Michael Van Dusen
416-926-4291 michael.vandusen@icontact.ca