Confirmation of Board Change

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    [phone]

Gavin Griggs, Chief Financial Officer        [phone]

Citigate Dewe Rogerson                      [phone]

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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