Oleg Popovsky Appointed as a Director of American Vanadium , Alan Branham Steps Down from the Board of Directors
July 11, 2014 (Source: Accesswire) — AMERICAN VANADIUM CORP. (“American Vanadium” or the “Company”) (TSX.V: AVC) (OTCQX: AVCVF) reports that at the Annual and Special General Meeting today, the shareholders elected Brett Whalen, Bill Radvak, Brian Bayley, Bob Catell, George Hawes and Kelly Hyslop to the Board of Directors.
The Company is also pleased to announce the appointment of Oleg Popovsky to the Board of Directors, at the Board meeting following the shareholders’ meeting.
“First of all, I would like to thank Alan Branham, who stepped down from the Board of Directors today for personal reasons, for his long and outstanding service to the Company,” said Bill Radvak, President & CEO of American Vanadium. “His contribution, all the way back to leading the acquisition of the Gibellini Vanadium Project, is greatly appreciated.”
“At the same time, we welcome Oleg Popovsky to the Board of Directors,” continued Mr. Radvak. “Oleg’s expertise and experience in the solar industry will be a welcome addition.”
Mr. Popovsky is currently Director, Corporate & Business Development at SunEdison, North America’s leading solar energy company. Previously he was a Senior Account Manager with EMC2 Corporation, a world-leading provider of data storage, information management and security solutions. Mr. Popovsky received a Bachelor of Science (Summa Cum Laude) from Bentley University in marketing and international studies and he is fluent in German and Russian.
“The appointment to American Vanadium’s board is a privilege. I look forward to working with my fellow directors in supporting American Vanadium’s go-to-market strategy development to capitalize on the exponential demand growth for reliable energy storage solutions.”
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In connection with his appointment, American Vanadium has granted Mr. Popovsky a total of 200,000 stock options at the exercise price of $0.60 each for a term of five years. The stock options are granted pursuant to the Company’s Stock Option Plan, as amended.
About American Vanadium Corp.
American Vanadium is an integrated energy storage company and the Master Sales Agent in North America for GILDEMEISTER energy solution’s CellCube energy storage system. The CellCube is the world’s only commercially available vanadium flow battery, providing long duration solutions over a 20+ year life for a broad range of applications including renewable energy integration and demand charge reduction. CellCube is a powerful, durable and reliable energy storage system that ensures a clean, emission-free energy supply at all times. American Vanadium is developing the Gibellini Vanadium Project in Nevada to be the only dedicated vanadium mine in the United States, providing a critical source of vanadium electrolyte for CellCube energy storage systems.
ON BEHALF OF THE BOARD
Bill Radvak, President and CEO
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