For immediate release
HiWave Technologies plc
RNS Number :
6 January 2012
HiWave Technologies plc
Directorate Change
The Board of HiWave Technologies plc ("HiWave" or the "Company"), provider of electronics solutions for audio and haptics, announces that Dr. David Bramwell has resigned from the Board of Directors of HiWave (the "Board"), with the resignation taking effect on 5 January 2012. Dr. Bramwell was the Non-Executive Chairman of HiWave and James Lewis, Chief Executive Officer of the Company, has been appointed as Interim Chairman.
The Board also announces that it is in advanced discussions regarding additional appointments to the Board and the Company expects to announce further developments in this regard in the next few weeks.
Dr. David Bramwell commented that "Due to recent changes in my personal circumstances and growing demands on my time from long established corporate responsibilities, I will find it extremely difficult to continue my involvement with the Company. Virtually all the ground work necessary to put the business model on a firm footing is in place, and I am confident that the executive team will maintain the momentum that has been created over the past 18 months."
James Lewis, CEO and Interim Chairman, said "I would like to thank David for the help and assistance he has provided to the Company and we wish him well in the future. As we continue to grow the component sales side of HiWave's business, I am confident that the foundations we have put in place will lead to enhanced shareholder value."
For further information please contact:
HiWave Technologies plc Tel: +44 (0) 1223 597 840
James Lewis, Chief Executive Officer
Kate Barnes, Chief Financial Officer
Singer Capital Markets Tel: +44 (0) 20 3205 7500
Claes Spång
Allerton Communications Tel: +44 (0) 20 3137 2500
Peter Curtain
87095267-1

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