News : Press Releases
Bob Puette joins Angstrom Power Board of Directors
September 25th, 2007, Vancouver, British Columbia – Angstrom Power, Inc., a North Vancouver developer of micro fuel cell technology for hand-held electronics devices, announced today the appointment of Bob Puette to its Board of Directors. The appointment is expected to bring Puette’s extensive management and company building experience to Angstrom at a time when the start-up is preparing to commercialize its Micro Hydrogen™ fuel cell technology and move into volume production.
Currently Bob is President of Puette Capital Management and Chairman of the Board of Bentek Corp.,and Fat Spaniel Technology Corp. Puette has served on Cisco System’s Board of Directors, as President of Apple USA, CEO of Centigram Communications, and as Chairman and CEO of NetFrame Systems. At Hewlett-Packard, he spearheaded marketing for the introduction of the Personal Computer.
“Angstrom Power stands out as one of the most exciting and promising companies I have seen in more than 30 years of leading and managing the commercialization of new technology. Simply put, it provides the capability of replacing batteries in consumer electronics products with significantly improved functionality,” Puette commented.
"Micro fuel cells have just entered the consumer electronics products market and are likely to see large growth rates in the next five years," according to iRAP (Innovative Research and Products, Inc.), a market research firm based in Stamford, Connecticut. iRAP estimates the 2006 market to be about $12 million and will reach $112 million by 2011, at an annual average growth rate of 55.7 percent from 2006 to 2011.
“Bob has spent much of his career managing and growing technology companies and during that time he has developed tremendous expertise in launching new products, establishing distribution channels and marketing new technologies,” said Paul Zimmerman, CEO of Angstrom Power. “We look forward to Bob playing an active role in the next stage of Angstrom’s development as we begin to commercialize technology with the potential to provide users a truly mobile experience – a new paradigm which we have termed EverOn™”.
Puette holds an M.S. in Operations Research from Stanford University, Palo Alto, Calif. and a B.S. in Engineering from Northwestern University, Evanston, Illinois.
About Angstrom Power, Inc.
Angstrom Power Inc. is a Vancouver-based company founded in 2001 to develop and commercialize micro-structured fuel cells based on a novel fuel cell architecture. The unique fuel cell architecture, combined with innovative concepts for hydrogen fuel and integrated into passive Micro Hydrogen™ systems, enables high energy density in small form factors suitable for portable devices like cell phones. Angstrom Power has successfully built prototype devices and is currently in the process of developing products for industrial and consumer markets. The family of products includes end-user devices as well as products for refueling. The refueling can either be portable using cartridges or fixed using existing hydrogen infrastructures. To-date, Angstrom has 14 patents issued and over 50 applications pending, representing a deep intellectual property base. For more information: www.angstrompower.com.
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Angstrom Power Inc.
(604) 980-9936 • info@angstrompower.com