VAIREX Corporation

VAIREX Names CFO

01 June 2006 16:56


Boulder, Colorado, USA -June 1, 2006 --VAIREX corporation, a leading developer of high technology air management systems, announced today the hiring of Jeffrey Hansen as Chief Financial Officer.

VAIREX CEO Ski Milburn said, "Jeff is a proven executive with a successful track record of fundraising and financial management during rapid growth periods. He is adding a great deal of capability and professionalism to VAIREX as we ramp up to mass production."

Mr. Hansen was previously Vice President of Finance of Encorp, Inc of Windsor, Colorado, a distributed-power generation solutions provider. Prior to that he was Vice President of Finance of Pegasus Technologies LLC of Denver, Colorado and Cleveland, Ohio, a leading provider of software for combustion optimization for the electric power industry, and Chief Financial Officer and Controller of KFx Inc., a publicly-held clean-coal technology company. Prior to that he was with the Denver office of the international public accounting firm Deloitte & Touche.

About VAIREX
VAIREX is a privately-held developer and supplier of air management subsystems consisting of proprietary, high-technology compressors, motors and controls. These critical subsystems are used as supplemental air in diesel emissions controls and as primary air in fuel cell power plants. The Company's customers include leading Tier One suppliers to the diesel industry and fuel cell developers in North America, Europe and Asia.


For more information on this company:
VAIREX Corporation - Fuel Cell Air Management Systems


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