MISSISSAUGA, ON, Feb. 2, 2012 /CNW/ - The Board of Directors of blutip
Power Technologies Ltd. ("blutip Power" or the "Company") today
announced that Peter Williams will assume the role of Executive
Chairman of the Company effective immediately.
Additionally, the Company announces that Dean Dussias has resigned his
position as Director, Interim CEO, COO & CFO effective immediately.
The Board thanks Mr. Dussias for his efforts during the Company's
transition and wish him continued success in his future endeavours.
The Company has begun a search for a CEO candidate and will also seek to
fill a role within the Board of Directors in conjunction with the
Annual General Meeting of Shareholders.
About blutip Power
blutip Power is a technology company headquartered in Mississauga,
Ontario, Canada. The Company has invested in the research and
development of hydrogen and control technology resulting in a
proprietary, patented and patent-pending hydrogen generating system
("HGS®") and advancement in multi-fuel universal combustion controls.
blutip Power's Hy-Drive HGS enriches the fuel-air charge of an internal
combustion engine with hydrogen produced through electrolysis and uses
its proprietary software controls to improve combustion of the fuel-air
mixture. The result is improved fuel economy and reduced opacity
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Inc.) accepts responsibility for the adequacy or accuracy of this
SOURCE blutip Power Technologies Ltd.
For further information:
Tel: (905) 542-3024 ext. 234