Directorate Change

For immediate
release                                                                                   
30 December 2013

 

XP Power Limited

                                    ("XP")                                     
                                                                     

Appointment of Non-executive Director

                                                                               

XP announces the appointment of Peter Bucher as a non-executive director with
effect from 1 January 2014.

 

Peter (age 69) is well known within the power converter industry and spent his
entire career at Traco Electronic AG ("Traco") in Zurich, Switzerland. Peter
joined Traco in 1967 and in 1985 was appointed managing director, a position he
held until his retirement in 2009. Under Peter's leadership Traco was built
into a highly respected company with revenues in excess of US$100M.

 

Larry Tracey, Executive Chairman, said: "We are delighted to welcome Peter to
the Board. He brings a wealth of power experience with him and will be
extremely valuable to our business."

 

There is no additional information required to be disclosed in relation to the
Listing Rules in connection with Mr Bucher's appointment.

 

                                   - Ends -                                    

                                                                               

Enquiries:

 

XP Power 
Duncan Penny, Chief Executive             [phone]
Jonathan Rhodes, Finance Director         [phone]
        

Citigate Dewe Rogerson                    [phone]
Kevin Smith/Jos Bieneman
 

Note to editors


XP designs and manufactures power controllers, the essential sub assembly in
every piece of electrical equipment that converts the power from the
electricity grid into the right form for the equipment to function.

 

XP typically designs in power control solutions into the end products of major
blue chip OEMs, with a focus on the industrial (circa 45% of sales), healthcare
(circa 30% sales) and technology (circa 25% of sales) sectors.  Once designed
into a program, XP 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 has invested in research and development and its own manufacturing
facilities in China and Vietnam, to develop a range of up to date 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 serves a global blue chip customer base from 27
locations in Asia, Europe and North America.