Changes in the Board of Directors and top management

After more than five years with Cool Flame Technologies (CFT) and Nordic Power Systems (NPS) , Tor Geir Engebretsen has decided to step down as CEO and return to his previous profession as business consultant. Following this the board of directors has effective October 17^th 2011 appointed Dag Øvrebø as CEO of CFT and NPS. From the same date Tor Geir Engebretsen has been appointed Executive Chairman of CFT. He will continue full time as chairman until end of the year, and thereafter on need basis combined with his external consulting. The other members of the board are Jan Otto Ringdal, David Patterson, Vibecke Skjolde and Haakon Karlsen.