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Vycon Inc (VYCO)

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Thursday 29 March, 2007

Vycon Inc

Appointment and Relocation

Vycon Inc
29 March 2007


This announcement is not for release, publication or distribution, in whole or
in part, in or into the United States, Canada, Russia, Japan, South Africa, New
Zealand or Australia.
                                                                   29 March 2007


                                  VYCON, Inc
 
                   Vycon appoints key personnel and increases 
              infrastructure in support of growing production and 
                     the development of larger products

Vycon Inc ('Vycon' or the 'Company'), the designer and manufacturer of
high-speed flywheel based energy storage systems, is pleased to announce that,
as part of its growth strategy, it has appointed Mr. Pana Shenoa as Vice
President of Engineering. Pana (aged 54) will be responsible for the end product
development role for the engineering team and will complement the core flywheel
expertise of the Company's Chief Technical Officer, Mr. Pat McMullen.  Pana has
over 20 years experience in the power industry and a solid track record in
successful product launches; he joins Vycon from Liebert Corporation, a division
of Emerson, where he was Manager of Power Technology. Pana's appointment,
alongside Pat, positions the company so that it is well placed to seek cost
improvements to existing products as volume production is ramped up. This will
be done alongside the development of larger products which will be used to
exploit new market opportunities going forward.

Vycon is also pleased to announce that it has signed a five year lease for a
35,000 square foot facility in Yorba Linda, California. The outfitting of the
new facility (with at least five times more manufacturing space and power) will
start immediately with a target move date of the end of May 2007. The capacity
increase is key to Vycon's expected growth in production and the development and
testing of future larger products.

                                      End

For further information, please contact:

Vycon Inc                           Tony Aoun              001 562 293 3649
                                    Dennis Whittler        001 562 293 1366

Smith & Williamson Corporate
Finance Limited                     Nick Reeve             +44 (0) 117 933 3344
                                    Martyn Fraser

Cardew Group                        Rupert Pittman         +44 (0) 20 7930 0777
                                    Shan Shan Willenbrock
                                    Emma Consett

ABOUT VYCON, INC

OVERVIEW

  • Vycon, based in Cerritos, California, designs and manufactures
    high-speed flywheel based energy storage systems. Its existing products
    target the global uninterruptible power supply ('UPS') and dockyard crane
    markets where its clean technology can significantly reduce emissions of
    greenhouse gases and other pollutants

  • The Company has also developed plans for a range of higher capacity
    products, based on its existing technology. These larger products will be
    enable Vycon to access new markets such as:

       -    Rail

       -    Large UPS systems

       -    Larger shipyard cranes known as 'Ship to Shore'

  • Vycon employs a team of individuals with many years of experience in the
    development of motor generators, magnetic bearings and power quality
    equipment. The Directors believe the Company is now well positioned to meet
    increasing demand for clean energy storage solutions within its chosen
    markets


                      This information is provided by RNS
            The company news service from the London Stock Exchange
                                                                                                                                                                                      

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