(28 April 2006) Revolt Technology AS has appointed Mr. Ram P. Malhotra as Chief Executive Officer. The company has developed a rechargeable Metal-air (Zinc-air) battery, which represents a breakthrough in battery performance with a substantially higher energy density at a competitive price compared to other rechargeable batteries. Mr Malhotra will work closely with the board and Venture Capital investors to develop and grow the company, and strengthen Revolt's position as an emerging key player in the mobile battery technology market.
Ram has extensive international sales and high technology manufacturing experience gained in the consumer electronic, automotive and mobile phone handset markets. Before joining Revolt, Ram was COO and Vice President of Mikron AG, Switzerland where he was directing their Components business in Asia and managing the joint ventures in China and Malaysia. Prior to this, Ram was Director Asia with Amphenol Inc responsible for the mobile phone and automotive markets. Ram managed the transfer of production to Asia for Nokia, Motorola and SonyEricsson components. Ram has also held senior management positions in Altec International Inc. and Dow Chemical Europe. Ram has been instrumental in developing profitable manufacturing and international expansion strategies and leading sales efforts in Europe, Asia and the USA.
The Forsyth Group conducted the search for Mr. Malhotra.
Tellef Thorleifsson, Chairman of Revolt and General Partner of Northzone Ventures, comments; "Revolt has developed a breakthrough technology for the battery industry, but in order to capitalize on Revolt's inventions, it is of utmost importance that the company is helmed by a seasoned CEO. Ram Malhotra adds a strong track record, a global network and a highly relevant experience. We are proud to announce that he has decided to join the Revolt team."
"I am really excited to join the company at this time" said Mr Malhotra. "Revolt is well positioned to deliver products that will change the way mobile handsets are developed and used. The Revolt battery technology may enable handset OEMs and ODMs to fulfil the promise of forthcoming technologies within the mobile handset and fill the gap that exists in the run time with current battery technology and the end user needs."
About Revolt (www.revolttechnology.com) Revolt Technology AS is an early stage technology company, which has developed a rechargeable zinc-air battery. Revolt's batteries may enable more high-power consumer devices and increase the lifetime of existing consumer devices significantly. The technology is a result of six years of intense research and development at SINTEF (the largest independent research institute in Scandinavia). Research on material combinations has solved issues historically related to the metal-air technology; power, lifetime and recharge ability.
About the Investors The main investors in Revolt are Northzone Ventures (www.northzone.com), Sinvent (www.sintef.no), Sofinnova Ventures (www.sofinnova.fr), Techno Venture Management (www.tvm-capital.de) and Viking Ventures (www.vikingventure.com).
Contacts: Tellef Thorleifsson +47 9132 2541 Ram P. Malhotra +41 7942 10887