Powerhouse Ventures Appointment of Rick Christie as Director

Powerhouse Ventures Limited Appointment of Rick Christie as Director

18 December 2014

Powerhouse Ventures Limited (“Powerhouse”), developer of intellectual property-based businesses, announces that it has appointed Rick Christie to the Board as a Non-Executive Director, with effect from its Board Meeting last week.

Mr Christie, a professional Director, is currently Chairman of the Ebos Group Ltd., NeSI - the NZ supercomputer network, ikeGPS and Service IQ.. Mr Christie is also a Director of Acurity Health Ltd., Southport Ltd. and Solnet Solutions Ltd. Previously Chairman of AgResearch Ltd., the Science Media Centre, the Growth and Innovation Advisory Board, and Deputy Chairman of the Foundation for Research Science & Technology, Mr Christie brings a wealth of experience in the Science & Innovation sector, to the Powerhouse Board along with strong commercial expertise.

Kerry McDonald, Chairman of Powerhouse, said: “I am delighted to welcome Rick to the Board. It is testament not only to Powerhouse’s achievements to date but also to its future potential that we were able to attract a high calibre individual such as Rick.”

Rick Christie said: “I am pleased to be joining the Board of Powerhouse at this key stage in its evolution. There is no doubt that innovation is of vital importance to the New Zealand economy and I believe that Powerhouse will play an increasingly important role in identifying and commercialising New Zealand’s leading innovations. I look forward to playing a part in this important role and creating long-term value for Powerhouse shareholders.”

About Powerhouse
Powerhouse is New Zealand’s leading intellectual property ("IP") commercialisation company, developing new technology companies, predominantly from IP developed at Universities and Crown Research Institutes. Powerhouse is a unique investment company, providing its ventures with access to incubation services and extensive networks.

The Company's portfolio comprises holdings in fifteen companies including ArcActive, the lead-acid battery company, and CropLogic, a yield-prediction and crop-management software business, both of which have received many international awards; among other exciting opportunities. The portfolio includes a diverse range of companies, from early-stage to expansion-stage, in both technology and bio-technology sectors.

For more information, please visit our website at: www.powerhouse-ventures.co.nz

ENDS

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