XP Power Limited Confirmation of Board Change (0956M)
January 03 2019 - 3:41AM
UK Regulatory
TIDMXPP
RNS Number : 0956M
XP Power Limited
03 January 2019
3 January 2019
XP Power Limited
("XP Power" or the "Company")
Board Change
As previously announced on 20 December 2017, XP Power, one of
the world's leading developers and manufacturers of critical power
control sub-assemblies for the electronics industry, confirms that
Peter Bucher, non-executive director, retired from the Board with
effect from 31 December 2018.
Enquiries:
XP Power
Duncan Penny, Chief Executive Officer +44 (0)118 976 5086
Gavin Griggs, Chief Financial Officer +44 (0)118 976 5154
Citigate Dewe Rogerson +44 (0)20 7638 9571
Kevin Smith/Jos Bieneman
Note to editors
XP Power designs and manufactures power controllers, the
essential hardware component in every piece of electrical equipment
that converts power from the electricity grid into the right form
for equipment to function.
XP Power typically designs power control solutions into the end
products of major blue-chip OEMs, with a focus on the industrial
(circa 42% of sales), healthcare (circa 22% of sales),
semiconductor manufacturing (circa 26% of sales) and technology
(circa 10% of sales) sectors. Once designed into a programme, XP
Power has a revenue annuity over the life cycle of the customer's
product which is typically 5 to 7 years depending on the industry
sector.
XP Power has invested in research and development and its own
manufacturing facilities in China and Vietnam, to develop a range
of tailored products based on its own intellectual property that
provide its customers with significantly improved functionality and
efficiency.
Headquartered in Singapore and listed on the Main Market of the
London Stock Exchange since 2000, XP Power serves a global
blue-chip customer base from 29 locations in Europe, North America
and Asia.
For further information, please visit xppower.com
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END
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