VRX Vectrix S

RNS Number:9024S
Vectrix Corporation
23 April 2008

Date:                       23 April 2008
On behalf of:               Vectrix Corporation ("Vectrix" or "the Company")
For immediate release





Directorate Change



Middletown, R.I. - Vectrix Corporation (AIM: VRX) (www.vectrix.com), maker of
the  world's first high performance, two-wheel zero emission vehicle (ZEV),
announces that Andrew MacGowan, its Chairman, President and Chief Executive
Officer has informed the Board that he will not offer himself for re-election as
a Director of the Company at the forthcoming Annual General Meeting, to be held
on 1 May 2008, and will stand down from these roles at the conclusion of this
meeting.



Andrew MacGowan will be succeeded as Chief Executive Officer by Michael J.
Boyle, a seasoned senior executive with extensive public company and
organisational and strategic development experience. Mr Boyle, aged 62, was most
recently, and until January 2008, President and CEO of Tellular Corporation, a
NASDAQ listed provider of cellular wireless products. During his three years
with Tellular he was responsible for leading the restructuring and
transformation of the business, which resulted in sustainable profitability
after a 20 year history of losses. Mr Boyle has also been President and Chief
Executive of Prizm Technology (sold to NASDAQ listed Coinstar Corporation in
June 2003), NASDAQ listed Elcotel, Inc. (sold to Gores Technology Group in
December 2001) and Phoenix Wireless Group (sold to Lucent Technology Corporation
in June 1999). Mr Boyle holds a Masters degree in Management from Northwestern
University Kellogg School of Management.



Mr Boyle will take up his role immediately following the Annual General Meeting.
In addition, Non-Executive Director Bob Bond has been appointed as Interim
Chairman effective as of the conclusion of the Annual General Meeting.



Commenting on the announcement, Robin Aisher, Chairman of the Remuneration
Committee said: "Andy MacGowan founded the Company 12 years ago and has been the
driving force in bringing Vectrix from a research and development concept to a
production reality. Over this time, his vision and drive have been immeasurable
but, as the Company moves into a new phase, Andy feels it is the right time for
him to step aside. We would like to thank Andy for his leadership and hard work
over the last 12 years and wish him every success for the future."



Robin Aisher added: "We would also like to welcome Michael Boyle to the Company.
He has had an impressive career to date and we are sure he will play an
important role in the next phase of Vectrix's development."



- Ends -



Enquiries to:



VECTRIX Corporation                                           www.vectrix.com
Chris Moe, Chief Financial Officer                             (401) 848-9993

Redleaf Communications                                  vectrix@redleafpr.com
Emma Kane / Paul Dulieu                                   +44 (0)20 7822 0200

HSBC
Nick Donald / Nic Hellyer                                 +44 (0)20 7991 8888


Notes to Editors



About Vectrix

-      Vectrix listed on AIM in May 2007 and is the developer of the world's
first high performance, zero emission, electric motorcycle which is at least 10
times more powerful than existing electric power two wheel vehicles.

-      Vectrix is dedicated to developing and commercializing zero emission
vehicle platform technologies focused on two-wheel applications. Longer term,
Vectrix plans to develop environmentally sensitive technologies for other
segments within the transportation industry.

-      Vectrix is headquartered in Middletown, Rhode Island, USA, has a modern
vehicle assembly facility in Wroclaw, Poland and an R&D center in New Bedford,
Massachusetts.

-      Vectrix was awarded the 2006 Frost & Sullivan Award for Technology
Innovation and Leadership in Alternative Vehicle Technologies.

-      Transportation is the largest single source of air pollution in the
world. A typical motorcycle/scooter produces significantly more CO2 and
pollutants than a large diesel truck, and far more than a modern low emission
automobile.  The Vectrix bike utilizes innovative zero-emission technology,
offering customers a clean, affordable, and much needed alternative.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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