Ensurge appoints Tarun Anand as the Acting Chief Financial Officer

Rhea-AI Summary

Ensurge Micropower (OTC: ENMPY) has appointed Tarun Anand as the new Acting Chief Financial Officer, replacing retiring CFO Dave Williamson. Tarun, with over 20 years of experience in finance at notable firms like Hewlett Packard and Thermo Fisher, will play a crucial role as the company shifts from product development to commercialization of its solid-state lithium microbatteries. CEO Kevin Barber acknowledged Williamson's significant contributions in guiding the company during a critical growth phase. This leadership change aims to enhance financial performance and shareholder value.

Positive

• Tarun Anand brings over 20 years of finance experience, enhancing leadership capabilities.
• Transition from product development to commercialization may increase revenue opportunities.

Negative

• Change in CFO may raise concerns about continuity and experience during crucial transition.

Ensurge Micropower (OSE: ENSU, and OTCIQ: ENMPY), a leading provider of solid-state lithium microbatteries for a new generation of wearables and IoT devices, today announced the appointment of Tarun Anand as the Acting Chief Financial Officer (CFO) of the Company. Tarun replaces Dave Williamson, who is retiring after almost three years as the Acting CFO at Ensurge.

"I am extremely pleased to have Tarun join Ensurge as we transition from product development to commercialization. Tarun’s track record of success in finance, accounting and strategic planning and his outstanding leadership qualities will be an invaluable addition to the Ensurge leadership team,” said Kevin Barber, Ensurge’s Chief Executive Officer.

Tarun has more than twenty years’ experience in finance leadership at both established corporations such as Hewlett Packard and Thermo Fisher, as well as several pre-IPO startup firms. He brings both depth and breadth in financial planning and accounting.  Tarun has been a financial steward and a strategic business partner driving operational excellence improving financial performance and predictability of a variety of businesses, with a goal to increase shareholder value. He holds a Bachelor of Mechanical Engineering degree from the Delhi University, and an MBA in Finance from Rice University.

Kevin Barber added, “I want to thank Dave Williamson for his invaluable contributions during a critical phase for Ensurge as we went from an idea to a company on the verge of commercializing a highly differentiated solid state microbattery product.  Dave’s financial leadership played a critical role in our success in last 2.5 years.”

For more information about Ensurge's microbattery technology visit the Company's website, www.ensurge.com.

Contact 
Stale Bjornstad - Investor Relations 
E-mail: stale.bjornstad@ensurge.com
Phone: +47 99 16 76 72

Kevin Barber - Chief Executive Officer 
E-mail: kevin.barber@ensurge.com

About Ensurge Micropower

Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1-100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

FAQ

Who is the new CFO of Ensurge Micropower?

Tarun Anand has been appointed as the Acting Chief Financial Officer.

Why did Dave Williamson retire from Ensurge Micropower?

Dave Williamson is retiring after almost three years of service as CFO.

What experience does Tarun Anand bring to Ensurge Micropower?

Tarun Anand has over 20 years of experience in finance leadership roles, including positions at Hewlett Packard and Thermo Fisher.

How might the CFO transition impact Ensurge Micropower's future?

The transition aims to strengthen financial performance and support the commercialization phase.

What is the stock symbol for Ensurge Micropower?

The stock symbol for Ensurge Micropower is ENMPY.