Monday, October 20, 2008

Roger Saillant, fuel cell industry veteran, joins CellEra board of directors

CellEra Inc., a developer of Platinum-Free membrane-based fuel cell technology (PFM-FC), announced today the appointment of Roger Saillant to its Board of Directors. The appointment is expected to bring Saillants extensive fuel cell management and company building experience to CellEra at a time when the start-up is preparing for its next phase of technology and market development with its disruptive PFM fuel cell technology.

Until recently, Dr. Saillant served as CEO & President of Latham, NY-based Plug Power (NASDAQ:PLUG), where he re-oriented the company towards production and commercialization, and led the industry in fuel cell system installs. Prior to PLUG, Saillant was Vice President and General Manager of Visteon Corporations (NYSE:VC) Energy Transformation Division, where he delivered $5.5 billion of automotive components globally to the Ford Motor Company and other automotive customers.

"CellEras disruptive technology holds true potential to alleviate major stack cost barriers and finally unlock fuel cells potential for massive market penetration. I believe CellEras management team has the proven track record and the capacity to execute," Saillant stated.

CellEra is a portfolio company of Israel Cleantech Ventures. CellEra's management team includes Dr. Shimshon Gottesfeld, CTO; Dr. Dario R. Dekel, VP R&D; and Ziv Gottesfeld, CEO.

Hat tip to Gene Dolgin, Analyst at Israel Cleantech Ventures, for sending me the announcement.

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