|Archives| Charts| Companies/Links| Conferences| How A Fuel Cell Works | Patents|
| Types of Fuel Cells | The Basics | Fuel Cell News | Basics on Hydrogen | Search|
 
*Stay Updated every week With a Free Subscription To "Inside The Industry"As Well as a Weekly Updated Patents Page
 
     QuestAir Reduces Size of Board of Directors
Publication Date:29-December-2005
09:00 AM US Eastern Timezone 
Source:FuelCellWorks

BURNABY, BC--QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) announced today that it will be presenting a slate of seven directors for re-election at its Annual General Meeting, down from the current nine.

QuestAir made a commitment to shareholders to reduce the size of its board of directors as part of its transition from being a venture capital financed company to being a publicly traded company, which occurred just over a year ago. Accordingly, the company will be decreasing the number of directors to seven at its Annual General Meeting, scheduled for 24 February, 2006. This will make the size of the board of directors more consistent with a company of its size.

In order to facilitate the reduced size, two current directors will be stepping down from the board. Michael Brown, Chairman of Chrysalix Energy Management Inc., will be stepping down immediately. Mr. Brown has served on the board of QuestAir since 1997, initially as the chairman of the board and subsequently as an independent director. David Berkowitz, Senior Vice President of Ventures West Management Inc., will not stand for re-election at the Annual General Meeting. Mr. Berkowitz joined the board in 1999 as a representative of Ventures West, one of the company's largest shareholders.

Jonathan Wilkinson, President and CEO of QuestAir said, "Both Michael and David have made strong contributions to the company over the past several years. Management and the board of directors thank them for their years of service."

About QuestAir Technologies Inc.

QuestAir Technologies, Inc. is a developer and supplier of proprietary gas purification systems for several large international markets, including existing markets such as oil refining, biogas production and natural gas processing, and emerging markets such as fuel cell power plants and fuel cell vehicle refuelling stations. The Company has joint development agreements with Exxon Mobil Research and Engineering Company and Shell Hydrogen, and a collaboration with FuelCell Energy. QuestAir is based in Burnaby, British Columbia and its shares trade on the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock Exchange under the symbol "QAR".
 


 
© 1999 - 2005 FuelCellWorks.com All Rights Reserved.
1setstats1setstats1
setstatssetstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats1setstats11setstats1setstats1setstats1