News

VRB Power Appoints Brian Beck as Vice President of Sales and Marketing

January 03, 2007 by Jeff Shepard

VRB Power Systems Inc. announced the appointment of Brian Beck as Vice President of Sales and Marketing. Beck has over 30 years experience in the electrical industry in Europe and North America and has been actively involved in the restructuring of electricity supply on both continents. Most recently he was General Manager of Caterpillar Energy Solutions where he had responsibility for initiatives in power quality and distributed generation. He also gained extensive management experience with Holec, a major European electrical engineering manufacturer, where he became CEO of its U.K. subsidiaries.

"I am very pleased to announce the addition of Brian to the VRB Power Management Team," said Tim Hennessy, Chairman and CEO of VRB Power. "Brian has a wealth of experience and contacts across the electricity industry in both Europe and USA and this together with his in-depth knowledge of power quality and distributed generation will greatly assist the company as we look to penetrate our chosen markets."

"During 2006 we focussed our sales and marketing efforts on those markets where, at current pricing levels, our products provide a strong value proposition or solve major technical and other issues on a cost effective basis and we have developed a network of agents and distribution partners accordingly. Brian's appointment, and his particular skill set, will greatly assist us to continue to develop our sales channels and market opportunities," concluded Hennessy.

"I am delighted to be joining the VRB Power team at this time," Beck stated. "The opportunities for large scale energy storage continue to grow rapidly and in many areas of electricity supply the need to add storage is now becoming understood and acknowledged. Having watched the company develop, I think VRB Power has the technology, and is positioned, to take advantage of the large opportunities that exist globally for its products," concluded Beck.

Beck is a chartered engineer, registered with the European Federation of National Engineering Associations (FEANI), a member of the Institution of Engineering and Technology, the IEEE, and the Institution of Diesel and Gas Turbine Engineers.

The company also announced the granting of 100,000 incentive stock options to Beck at a price of $0.60 CAD for a period of 5 years. These stock options are granted pursuant to the company's stock option plan and are subject to regulatory approval.