CSME appoints Managing Director

14 February 2012

CalciTech Synthetic Minerals Europe Limited ("CSME") is pleased to announce the appointment of Michael Watts as Managing Director. The acting Managing Director, Michael Brickell, will now become a non-executive director.

Mr. Watts has a strong track record in bringing new technologies to commercialisation. Previously on the Boards of Alpine Venture Partners and BTG S.A., both of Switzerland, he most recently spent 6 years as President and CEO of the BTG Group, a multinational company owned by Spectris plc with €100 million in sales and 450 employees. BTG provides instrumentation and consumable products to the pulp and paper industry. While at BTG, he led the Company's development into becoming a highly profitable operation despite adverse market conditions.

Prior to BTG, Mr. Watts held several senior positions with various companies such as President of Beta Lasermike Inc. (a Spectris company), Raychem Corporation of Menlo Park California (now Tyco Electronics), and Beecham Pharmaceuticals (now GlaxoSmithKline). A physicist by training, Mr. Watts holds an MBA from INSEAD.

About CalciTech Synthetic Minerals Europe Ltd:

The Company, recently established in England, has been granted an exclusive license for Europe to execute on the business plan to develop the use of SCC specialty products within the high end valued segments of paper, paint, polymer and related areas, food and pharma applications. These producers and their customers also want to improve the sustainability of their processes by using raw materials that have been recycled, absorb CO2 and have a lower carbon footprint. The first two plants have been designed and sites identified in Germany. CSME, independently managed, is seeking funding through the London market for investment in Europe.

For further information contact:
Ash Mehta

ash.mehta@calcitech.com 

Tel: +44 (0) 7930 547441