Francis to Step Down as P2i Chief Executive

OXFORD, England, May 10, 2016 /CNW/ - P2i, the world leader in liquid repellent nano-coating technology, announced today the intention of its CEO, Carl D Francis, to step down at the end of 2016.

     (Logo: http://photos.prnewswire.com/prnh/20150929/271990LOGO )

     (Photo: http://photos.prnewswire.com/prnh/20160510/365624 )

P2i specialises in super thin hydrophobic coatings, predominantly for the consumer electronics industry. A spin-out from the UK Ministry of Defence, the Company boasts a number of global, high profile smartphone brands as its customers. Francis, 56, joined P2i in 2008; since that time, the Company has developed and defined the concept of protecting consumer electronics.

Francis said "I am really proud of what we have built at P2i. Cutting edge technology, supportive investors, and a great and passionate team underpins our success. We have changed the face of the smartphone industry, having earlier this year exceeded 100 million smartphones protected by our technology.  However, after eight years at the helm, I believe the business would be best served by some new blood at the top, and I'll be rooting for a new CEO to take P2i to the next level."

P2i Chairman Nigel Young said, "Carl has been the driving force in moving P2i from a pre-revenue tech start up to the dominant global force in functional nano-coatings today. He will continue to lead P2i until he steps down at the end of the year, but this early notice allows for a thorough recruitment process to be concluded. We anticipate a professional and well managed transition in the second half of 2016."

Francis will continue to serve the Company in an advisory role following the transition to a new Chief Executive.

Editor's Note - About P2i

P2i is the global leader in liquid-repellent nano-coatings, helping companies around the world give their products improved protection against damaging elements such as water, oil, sweat and mud.

With a focus on the consumer electronics industry, P2i technology makes devices water resistant, improving their reliability and allowing them to survive liquid exposure in everyday accidents. Using a patented pulsed plasma process, P2i's technology coats objects with an invisible protective coating that is 1/1000th the thickness of a human hair.

Headquartered near Oxford in England, P2i's market-leading technology is protected by multiple patents. The company works directly with the world's leading OEMs to integrate their nano-coating technology into existing manufacturing lines.

P2i has about 100 employees and three laboratory facilities in the UK, USA and China to support its continuous development work. The company has hundreds of its nano-coating systems for high-volume processing now deployed within its customers' manufacturing facilities around the globe, including factories in Brazil, Argentina, China, Korea, India, Japan, the UK, Switzerland, Germany, the USA and Mexico.

See http://www.P2i.com for more information.

SOURCE P2i

For further information: Media contact: Carlene Whitehead, marketing@p2i.com, +44-(0)1235-833-100

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