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11th
March 2008
ORBITAL
STRENGTHENS BOARD WITH APPOINTMENT OF TWO NEW DIRECTORS
PERTH,
AUSTRALIA: International
clean energy technology group Orbital Corporation Limited (ASX:
OEC - "Orbital") is pleased to announce the appointment
of two new directors to the Company's Board.
Professor Vijoleta Braach-Maksvytis,
the Deputy Vice-Chancellor (Innovation and Development) at the University
of Melbourne, and Dr Merv Jones, who was most recently Asia Pacific
Managing Director of URS Corporation, have both accepted offers
to join the Orbital Board as non-executive Directors effective 31
March 2008.
Professor Vijoleta Braach-Maksvytis has a distinguished
career in science and management centred on the commercialisation
of technology, management of intellectual property and the formation
of partnerships across the business, government and science sectors.
In addition to her current role with the University
of Melbourne, Professor Braach-Maksvytis has held various senior
executive roles with the Commonwealth Scientific and Industrial
Research Organisation (CSIRO), including developing the global brand
of CSIRO. She was also a member of the Emerging Science Oversight
Committee and the Advisory Group for CSIRO Investment Portfolio
Strategy that guided CSIRO's $1 billion science investment. Professor
Braach-Maksvytis was previously Deputy to the Chief Scientist of
Australia and Chair of the Prime Minister's Science, Engineering
and Innovation Council Working Group.
Dr Merv Jones has twice been recognised as
one of Australia's 100 most influential engineers by Engineers Australia
Magazine in 2005 and 2007. He recently retired from his full-time
executive role as Asia Pacific Managing Director of URS Corporation,
the largest engineering design company and the fourth largest engineering
and construction company in the world. Dr Jones has extensive experience
in development and management of organic business growth in the
Asia Pacific region, as well as acquisition experience in both Australia
and China.
"We are delighted to welcome Vijoleta
and Merv to the Orbital Board, and look forward to the significant
contributions they will undoubtedly make to the Company's growth,"
commented Orbital Chairman Mr Peter Day. "These new appointments
will strengthen the Orbital Board, introducing relevant experience
in commercialising innovative technology and developing new markets
in the Asia Pacific region."
Forward Looking Statements
This release includes forward-looking statements that involve risks
and uncertainties. These forward-looking statements are based upon
management's expectations and beliefs concerning future events.
Forward-looking statements are necessarily subject to risks, uncertainties
and other factors, many of which are outside the control of the
Company, that could cause actual results to differ materially from
such statements. Actual results and events may differ significantly
from those projected in the forward-looking statements as a result
of a number of factors including, but not limited to, those detailed
from time to time in the Company's Form 20-F filings with the US
Securities and Exchange Commission. Orbital makes no undertaking
to subsequently update or revise the forward-looking statements
made in this release to reflect events or circumstances after the
date of this release.
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