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21st Century Tech (C21)

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Wednesday 21 July, 2010

21st Century Tech

Board Appointment

RNS Number : 6329P
21st Century Technology PLC
21 July 2010
 

 

21st Century Technology plc

 

("21st Century" or "the Company")

 

Board Appointment

 

Appointment of New Non-Executive Chairman

 

 

The Board of 21st Century Technology plc (AIM: C21) the vehicle installation service provider supplying public transport CCTV and other monitoring systems, is pleased to announce the appointment of Mr Jan Gustaf Lennart Holmstrom as Non-Executive Chairman with immediate effect.

 

Jan, aged 57, is an internationally experienced Director, having spent 25 years of his career in reinsurance and operational management in Stockholm, London and Hong Kong.

 

He is currently the Managing Director of Browallia AB and a Director of Browallia Holdings Limited, both part of Bronsstädet Group, the property and investment group controlled by Peter Gyllenhammar and a Director of The Union Discount Company of London Limited also owned by Peter Gyllenhammar. Through Bronsstädet Group and The Union Discount Company, Peter Gyllenhammar has a 29.54% interest in 21st Century. Jan is also Chairman of Densitron Technologies plc and a Non-executive Director of Chapelthorpe plc, Dawson International plc, Hartest Holdings plc, Pittards plc, Bilderton Limited, Johnson and Starley Limited and Somerset AB (Sweden). In the past five years Jan has also been a director of Darby Group Limited and Darby Glass Limited.

 

Mr Holmstrom was also a director of the following companies which were placed into an insolvency procedure within twelve months of his directorship:

 

 Name

Date of resignation

Insolvency

procedure

Date of procedure

Folksam International Insurance Company (UK) Limited

15/03/2002

Administration Order

19/07/2002

Folksam Holdings (UK) Limited

15/03/2002

Voluntary Creditors Liquidation

15/08/2002


The estimated total deficiency as regards creditors was £3,253,291 and the estimated deficiency as regards members of Folksam Holdings (UK) Limited was £15,253,291.

 

There are no further disclosures pursuant to AIM Rule 17, Schedule Two (g).

 

 

Commenting on today's appointment, Nick Grimond, CEO said:

 

"On behalf of the Board I am delighted to welcome Jan to the Company. His wealth of corporate experience and international exposure makes him an empowering influence for 21st Century and we are very much looking forward to working with him."

 

 

 

 

 

 

ENDS

 

For Further Information: 

 

21st Century Technology plc 

 

 

   Wilson Jennings 

   Finance Director 

 

 

 

 

   020 8710 4016 

Hogarth Ltd

   Barnaby Fry 

   Vicky Watkins

 

   020 7357 9477 

 

 

Daniel Stewart & Co plc (Nomad) 

 

 Paul Shackleton/Emma Earl 

 

   020 7776 6550 

 

 

 

 

Notes to editors:

 

Launched in 1993, the Company began as Toad plc and was originally focused on the distribution of in-car entertainment systems and vehicle security products.  The Company's strategy has been to reposition itself away from its legacy businesses into markets with better growth potential while leveraging its core strengths - nationwide field force of vehicle electrical engineers, call centre and distribution facilities. 

In line with this strategy, in 2005 the Company took a controlling stake in 21st Century Crime Prevention Services Limited ("CPS") which recently merged with fellow subsidiary, Toad (UK) Limited, to form 21st Century Technology Solutions Limited.

The holding company was renamed "TG21 plc" in 2005 and, following the acquisition of the entire share capital of CPS and to reflect the repositioning of the group, changed this name to "21st Century Technology plc" in June 2009.

21st Century is the preferred supplier of on-board CCTV systems for Arriva UK Bus and the Go-Ahead Group and an approved supplier to First Group Bus.  The Company has pioneered the use of WiFi with on-board CCTV systems and Transport for London commissioned the Company to undertake a trial of 'LiveView' - a system which transmits live CCTV pictures from on board the bus to a public transport and police control centre.  21st Century was also the first company to successfully launch Automatic Video Downloads and a bus CCTV monitoring system (HeartbeatTM) which allow the CCTV manager to remotely download CCTV footage from the bus to his computer and check that all the CCTV systems fitted to his buses are fully operational, without leaving his desk.   The Company's overhead camera passenger counting device, known as PAS - Passenger Analysis System, links to the ticket machine and enables bus operators to analyse specific bus route ticket sales and passenger numbers.

21st Century's EcoManager product has made a significant contribution to sales since its launch in July 2008. The EcoManager black-box system is aimed at reducing fuel and maintenance costs, reducing emissions and improving safety for bus operators by monitoring individual driving styles against fuel consumption. Following a successful trial, in April 2009 Arriva UK committed to install the device on all their new buses and to retrofit a large proportion of their existing fleet. In November 2009 Arriva North West and Merseytravel won the industry recognised Alexander Dennis Award for Innovation following their installation of the EcoManager system which yielded fuel savings of up to 12% and associated CO2 emission reductions.  For further information go to www.getecomanager.com.

 


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