Names Paul Waugh as Director of Business Development, Defence Sector

Gresham Power Electronics Ltd. (“Gresham Power”), a subsidiary of Gresham Worldwide Inc., announces that Paul Waugh has joined the company as Business Development Director.

Paul comes to Gresham Power having held global responsibilities for TE Connectivity, SAFRAN S.A. and QinetiQ Ltd. Bringing with him over twenty years’ experience in power systems, services and components, Paul will focus on building sustainable business growth and delivering customer requirement based solutions in the Aerospace, Defence industry.

Paul’s timely arrival comes on the heels of recent strong bookings performance by Gresham Power related to successful opportunities for both tactical vehicle power systems and marine power supply/UPS systems. Paul’s expertise in the defence industry and his strategic ability to work with Tier I and Tier II prime contractors is expected to add to Company momentum through expansion into new technology sectors.

“Paul is a perfect addition to the Gresham Power Electronics’ team and we’re excited to have him join,” commented Karen Jay, Managing Director of Gresham Power. “His global aerospace industry experience and familiarity with electrical and electromechanical product solutions will be a huge benefit to our customers. We expect Paul will help drive growth into new areas which we’ve targeted, including power systems for unmanned platforms and electronic countermeasures.”

As a subsidiary of Gresham Worldwide, Gresham Power Electronics has access to a full range of defence-related technologies and integrated solutions including power electronics, RF solutions, missile defence systems, Automated Test Equipment, electronic threat emulation and ruggedized power supply and display products. “Having a full suite of electronics technologies positions Gresham Power better to deliver bespoke solutions to satisfy the needs of defence customers worldwide,” Paul Waugh noted. “We are able to draw on the breadth of Gresham’s technology portfolio to make Gresham Power the go-to resource for mission-driven defence electronics applications.”

For more information on Gresham Power Electronics and Gresham Worldwide, the Company recommends the UK website at www.greshampower.com.

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About Gresham Power Electronics Ltd

Gresham Power Electronics Ltd designs and manufactures a variety of best-in-class power supplies from its factory in Salisbury, UK. The company has a long history of providing highly reliable power conversion and distribution equipment for Navies around the world as well as providing associated services for their designs, including training solutions, maintenance, and modernisation programmes, to support our equipment worldwide.

Today Gresham Power Electronics offers a great deal more, supporting defence capabilities for Land and Sea systems as well as offering standard, commercial-off-the-shelf and application specific power electronics solutions for a wide range of demanding applications.

 About Gresham Worldwide Inc.

Gresham Worldwide, Inc. is a private holding company that owns Gresham Power Electronics Ltd., Enertec Systems 2001 Ltd, RELEC Electronics Ltd, and Microphase Corporation. The Company focus on delivering electronic technology solutions that protect, save and enhance life, including turnkey Electronic Solutions, Electronic Countermeasures, Radio Frequency Solutions, Power Conversion & Electronics, and Displays. The Company primarily support the Defense & Aerospace industry while also enabling mission critical applications in Transportation, Industrial, Telecommunications and Medical Technology market sectors. www.greshamworldwide.com.

Gresham Power Electronics Media Contact:

Paul Waugh
Business Development Director
PH: +44 (0) 1722 426 313
Email: paul.waugh@greshampower.com

Gresham Worldwide

Gresham Investor Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
PH: (212) 896-1254
Gresham@KCSA.com

KCSA