Ann: AEB Signs Distribution Agreement with USA Market Leader, page-11

New non executive directors:
Mr R.V.Venkatesh is one of the founders and Managing Director of Gencor Pacific Limited, part of the Gencor group worldwide, which is Algae.Tec’s offtake partner for algae oils. He is a Chemist with over 30 years’ experience in key industries namely Healthcare, Pharmaceuticals and Nutraceuticals. He has extensive experience in International Business in the Pharmaceutical and Nutraceutical sectors worldwide, having done business in over 70 countries. His expertise includes R&D Management, scientific reviews, product development, clinical trials, product branding, strategic partnerships and he has a track record of successful nutraceutical product launches worldwide.


Mr. Lim is an entrepreneur who founded Romar Positioning Equipment Pte Ltd in 1984 and grew Romar into a leading global heavy automation equipment manufacturer, principally in the energy, alternative energy, and oil & gas sector. Romar was ranked 3rd place in the Singapore Enterprise E50 Awards in 2007. Mr. Lim was Non-Executive Chairman of Enzer Corporation Limited and Adventus Holdings Limited, listed on the sponsored Catalyst Platform of the Singapore Stock Exchange. Mr Lim was also until recently the Non-Executive Vice Chairman of the ASX listed company, Terran Minerals Limited.

http://www.algaetec.com.au/index.php/about-us/board-of-directors