Lithium Technology Corporation (LTHUQ)

[guy6]

Hi, nilremerlin.

It seems like a panic reaction to me. I don't see the logic of it, other than a rule-of-thumb red flag when a long-time director leaves. He has been with LTHU since 1999, and apparently is technically able. But such people move on from time to time.

See http://www.powerpulse.net/story.php?storyID=2564
for the February 24, 1999 announcement that Arif Maskatia joined the LTHU board of directors.

QUOTE:
LTC Announces That Arif Maskatia Has Joined Board of Directors
February 24, 1999

Lithium Technology Corp. (LTC, Plymouth Meeting, PA) announced that Arif Maskatia, a US-based executive with Acer Inc. (Taiwan), has joined its board of directors. Maskatia is currently Vice President of the Advanced Technology & Portable Development Group for Acer Advanced Labs (San Jose, CA), responsible for development of new notebook computer platforms. "We are very pleased to have someone with Mr. Maskatia's superb technical credentials in the PC industry join our board,: stated LTC chairman Thomas R. Thomsen. "He has a clear vision of how to apply and manage next generation technologies and in particular how polymer battery technology can provide a significant product differentiation in the global portable electronics marketplace."
ENDQUOTE

See http://www.zoominfo.com/Search/PersonDetail.aspx?PersonID=65100482
for Arif Maskatia's employment, board membership, and education information.

- guy6