British Clean Power Company Designs First Low-Cost, High-Performance Hydrogen Fuel Cell

British Clean Power Company Designs First Low-Cost, High-Performance Hydrogen
                                  Fuel Cell

  PR Newswire

  RUNCORN, England, February 21, 2013

RUNCORN, England, February 21, 2013 /PRNewswire/ --

             New CEO brought on board to commercialise invention



ACAL Energy, the clean power company, which owns the technology enabling the
world's first low-cost, high-performance hydrogen fuel cells, has appointed
Greg McCray to be its new Chief Executive. Greg will lead the company through
its next round of funding and product trials with partners in the automotive
and stationary power industries. 

ACAL Energy has a revolutionary approach to hydrogen fuel cell technology. Its
patented catalyst and cell architecture means that ACAL Energy designed fuel
cells are cheaper, smaller, and more durable than any other hydrogen fuel
cells on the market currently. Fuel cell costs are high typically because
platinum is an integral component. ACAL Energy designed fuel cells out-perform
and use 80% less platinum. After eight years of R&D investment, the company is
now ready to license its technology to major automotive manufacturers and
companies in the stationary power industry. 

ACAL Energy's new chief executive Greg McCray was previously CEO of Antenova
Limited, the global wireless components company. While at Antenova, Greg
transformed the organisation into the world's fastest-growing innovative
antenna business, backed by global venture capitalists and major institutional
funds.

Before joining Antenova, Greg was CEO and Chairman of PipingHot Networks, a UK
broadband start-up name-checked by the Wall Street Journal on its Capital Envy
List of high-potential companies. Under Greg's tenure, PipingHot raised $27
million in venture capital investment; it was acquired subsequently by
Motorola. 

Greg's main role at ACAL Energy will be to begin the mass-market deployment of
ACAL Energy's new fuel cell technology, via licensing agreements with the
automotive industry.

Greg is currently on the Board of Directors for America's third-largest
network operator, CenturyLink, Inc., where he was the key driver behind a
round of acquisitions collectively valued at over $39 billion. He is also a
consultant for DeMatteo Monnes, an independent research firm and broker
serving the global institutional investment fund community. He began his
career working for IBM, before progressing to AT&T and Lucent Technologies,
where he was Senior Vice President of customer operations.

Dr Bob Pettigrew, non-executive chairman, ACAL Energy, said:

"We're delighted to welcome Greg to ACAL Energy, where his expertise across
Asia, Europe and North America will be invaluable to us as we progress from
trial deployments to joint development endeavours with automotive
manufacturers." 

Greg McCray, new CEO of ACAL Energy, said:

"The clean power sector is on the crest of a new wave of technology
innovation. Hydrogen fuel cells are an important part of that wave and
commercialising hydrogen power will mean we break our reliance on fossil
fuels. The future looks very exciting as auto-makers and power-hungry
industries, such as manufacturing, explore hydrogen as an alternative fuel
source."

Greg has a B.Sc. in computer engineering from Iowa State University, an M.S in
systems engineering from Purdue University and has graduated from the
executive business programmes at the universities of Illinois, Harvard and
INSEAD.

Contact: Sarah Mulder, Tel: +44(0)207-401-8001, smulder@kwitco.com
 
Press spacebar to pause and continue. Press esc to stop.