SOURCE: ProPhotonix Limited

March 15, 2011 03:08 ET

ProPhotonix Limited announces Directorate Change

SALEM, NH--(Marketwire - March 15, 2011) -


15 March 2011



ProPhotonix Limited
("ProPhotonix" or "the Company")


Directorate Changes


ProPhotonix Limited, (London Stock Exchange - AIM: PPIX and PPIR, OTC:
STKR.PK), a designer and manufacturer of LED systems and laser modules,
is pleased to announce the appointment of both Tim Steel and Vincent
Thompson as Non-Executive Directors of the Company, with immediate
effect. Following these two appointments, ProPhotonix also announces
today that Duncan Byatt will step down from his position as
Non-Executive Director.

Tim Steel was previously Vice Chairman of Cazenove Capital Management
Limited until the end of 2009 when he stepped down to pursue a
portfolio career and work more closely with smaller developing
businesses. He joined Cazenove in 1980 from Robert Fleming and became a
partner in 1982. In 1983 he moved to New York as President of Cazenove
Inc., returning to the UK in 1989 and, subsequently became Head of
Institutional Broking in 1991. He was appointed Managing Director of
Cazenove Fund Management Limited in February 2000 and later became
Chairman in April 2001. He was appointed to the main Board of Cazenove
Group plc in March 2001. Tim Steel is currently Chairman of Castle
Alternative Invest AG and also has various charitable interests. He was
educated at Eton College, then Trinity College, Cambridge, where he
read Philosophy and Law.

Vincent Thompson has over 30 years of experience in corporate finance.
He spent the majority of his career with Morgan Grenfell & Co. Limited
and Hambros Bank Limited (later Societe Generale, following the
takeover of Hambros Bank Limited) and was a Director at both. From 2003
to 2006 he was a Director at MacArthur & Co. Limited and from 2007 to
2008, was an Associate of Corbett Keeling & Co, both corporate finance
boutiques. In 2009, Vincent Thompson formed his own corporate finance
boutique, Easton Partners LLP.

Mark W. Blodgett, Chairman and CEO of ProPhotonix stated:"It is with
great pleasure that I welcome both Tim and Vincent to the Board.
ProPhotonix will benefit significantly from their collective extensive
knowledge and experience and their appointment markedly strengthens the
Board and the company.""I would also like to thank Duncan for his
contribution to ProPhotonix's development, in particular his role in
the successful completion of the company's IPO in December 2010. We
wish him well for the future."

Under Schedule 2, paragraph (g) of the AIM Rules, the following
additional information is disclosed:

Mr. Timothy Michael Steel (age 58) currently is interested in 303,000
common shares in the Company, equivalent to 0.58 per cent of its issued
share capital.



Current Directorships/Partnerships   Past Directorships
Castle Alternative Invest AG         Cazenove Capital Management Limited
                                     Corgi International Limited

Mr Steel resigned as a non-executive director of Corgi International
Limited, a Nasdaq listed toy manufacturing and brand licensing
business, in April 2009. On 3rd July 2009 Corgi International Limited
was placed into receivership.

Mr Gerald Vincent Bodenham Thompson (age 60) currently is interested in
1,450 common shares in the Company, equivalent to 0.003% per cent of
its issued share capital.


Current Directorships/Partnerships   Past Directorships
Easton Partners LLP                  MacArthur & Co Limited
                                     MacArthur & May Limited
                                     MacArthur & May Investments Limited
Save for the above, there are no other details to be disclosed under
Schedule 2(g) of the AIM Rules.


Enquiries:

ProPhotonix Limited                         Tel: +44 (0)12 7971 7170
Mark W. Blodgett, CEO                       ir@prophotonix.com


Libertas Capital Corporate Finance Limited  Tel: +44 (0)20 7569 9650
Andrew McLennan / Thilo Hoffmann


Cubitt Consulting                           Tel: +44 (0) 20 7367 5100
Chris Lane / Alice Coubrough
RD:IR                                       Tel: +44 (0) 20 7492 0500
Isabel Richardson / Thomas Churchill



About ProPhotonix

ProPhotonix Limited, headquartered in Salem, New Hampshire, is an
independent designer and manufacturer of diode-based laser modules and
LED systems for industry leading OEMs and medical equipment companies.
In addition, the Company distributes premium diodes for Opnext, Sanyo &
Sony. The Company serves a wide range of markets including the machine
vision, industrial inspection, defense, sensors, and medical markets.
ProPhotonix has offices and subsidiaries in the U.S., Ireland, and
Europe. For more information about ProPhotonix and its innovative
products, visit the Company's web site at www.prophotonix.com.

                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

Contact Information