Nanotechnology Now - Press Release: Contour Energy Systems Establishes Limited Subsidiary in United Kingdom

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Abstract:
Battery Industry Veteran Simon Lee-Overy Appointed Managing Director of Contour Energy Systems (Europe) Limited in Preparation for Commercial Product Rollouts in the UK and Europe

Contour Energy Systems Establishes Limited Subsidiary in United Kingdom

AZUSA, CA | Posted on June 25th, 2010

Contour Energy Systems, Inc. an innovative portable power company commercializing next-generation battery systems, today announced a new limited subsidiary in the United Kingdom that will provide the company a strategic presence in advance of the rollout of new commercial battery systems in Europe. The limited subsidiary, headquartered in the Midlands, UK, is headed by Simon Lee-Overy, who will serve as Managing Director.

"Having an established presence in the United Kingdom provides us with a strategic beach head as we prepare the launch of our battery systems in the UK and Europe," said Joe Fisher, CEO of Contour Energy Systems. "We're very fortunate to have secured Simon Lee-Overy as the Managing Director of our European Operations given his immense experience in the battery industry, deep understanding of the markets, and ‘go-to-market' track record. Today marks a significant milestone for Contour Energy Systems."

Mr. Lee-Overy has over twenty years of experience in the battery business including a twelve year career with Energizer. In addition to handling major accounts in Europe, he has extensive retail and OEM experience and maintains a deep understanding of UK compliance laws. "The pent up demand for next-generation portable power solutions across the UK and throughout Europe is the key driver in establishing Contour's limited subsidiary," said Mr. Lee-Overy. "Contour is uniquely positioned with its advanced battery systems in delivering solutions with improved price/performance characteristics."

Contour's UK operations will be based in the Keele University Science and Business Park just outside Staffordshire.

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About Contour Energy Systems, Inc.
Contour Energy Systems is an innovative portable power company commercializing customizable battery technologies for a wide range of cross-industry applications. Contour's next-generation battery systems are designed to deliver unprecedented improvements in energy and power density, and are capable of performing in extreme operating conditions at significantly improved costs. Founded through the collaboration of CalTech and CNRS, the French National Center for Scientific Research, the company combines expertise in nano-materials science, patented Fluorine-based battery chemistries and manufacturing processes to significantly advance the state of portable power. Headquartered in Azusa, CA, Contour Energy is managed by a world-class team of battery industry leaders from CalTech, Energizer, Duracell, ConocoPhillips, Hewlett-Packard and Ultralife. The company is privately held with funding from CMEA Capital, Harris and Harris, Schlumberger and US Venture Partners.

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Contacts:
1300 W. Optical Drive, Suite 300
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