Dynex Power Announces Appointment of New Chief Financial Officer

Alan Lyons to join on September 11, 2017

Lincoln, England, July 18, 2017 - Dynex Power Inc. (TSXV: DNX), a leading, high power semiconductor company, today announces the appointment of Alan Lyons to the position of Chief Financial Officer and Director of the Company, effective September 11, 2017.

Alan Lyons joins the company from the specialist fleet vehicle sector, where he held the position of Finance Director.  Previously, he was CFO of Helius Energy, a London AIM-listed biomass energy company.  Prior to that, Alan had an 18-year career in finance positions of increasing responsibility with Siemens’ (formerly Alstom and GEC) Industrial Gas Turbine businesses.  He is a Chartered Management Accountant.

Commenting on the appointment, Clive Vacher, President and CEO of Dynex, said, “I am delighted to welcome Alan to the Dynex team.  He has an excellent track record of financial leadership and discipline.  In addition, he has demonstrated that he will be a leading contributor to the ongoing turnaround activities at Dynex.”

The Chairman of Dynex, Liu Ke’an, added, “This appointment is an important milestone in the improvement journey for Dynex.  We have been impressed by Alan’s background and believe that he is a key addition to the leadership team.”

As previously communicated, the former CFO, Bob Lockwood, left Dynex on June 30, 2017.   Since then Clive Vacher, Dynex President and CEO, has been performing the duties of the CFO in addition to his other responsibilities.  He will continue to do so until Alan Lyons joins on September 11.