Qnergy Announces Appointment of Chief Financial Officer

SALT LAKE CITY, March 9, 2021 (Newswire.com) - Qnergy Inc. (www.qnergy.com), the world's leading manufacturer of clean, reliable, electric power based on Stirling engines, announced today the appointment of Mr. Asaf Vos as Chief Financial Officer, effective March 1, 2021.

Mr. Vos joins Qnergy from IMERYS Refractory, Abrasive and Construction Americas, where he oversaw the financial activity of five manufacturing plants. Prior to working at IMERYS, Mr. Vos served as CFO of Baran Telecom USA, a leading provider of engineering services to large infrastructure projects in the wireless industry in North America.

Along with significant global telecom and manufacturing experience, Mr. Vos brings to Qnergy growth and scaling experience. At both IMERYS and Baran, Mr. Vos gained valuable experience helping drive consistent sales growth and gross margin expansion across multiple product lines in both domestic and foreign markets.

Ory Zik, Qnergy's Chief Executive Officer, commented, "We are excited about the opportunity to work with Asaf. He is a seasoned financial executive with a strong manufacturing background and experience in telecom. Asaf is well-equipped to work with our executive team supporting our systematic growth and scaling as we move towards becoming a key global player in the energy transition. Having led the finance department for a global organization like IMERYS, Asaf earned the reputation of being a strong, 'hands on' leader and an excellent collaborator with commercial, operations and engineering teams."

Mr. Vos commented, "I am very excited to join the Qnergy family and executive team. I believe the potential for growth and value creation at Qnergy is tremendous, especially given the need for clean and reliable electric power and the passion and technological expertise of the Qnergy team. Having played a leadership role in similar business situations, I am confident that we can develop and execute plans to drive consistent sales and margin growth. I look forward to partnering with the team to build and scale the business."

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About Qnergy

Qnergy is the world's leading manufacturer of clean, reliable, electric power based on its proprietary Free Piston Stirling Technology. Qnergy's engines use an enclosed system that requires no lubrication, maintenance or repair, delivering continuous uninterrupted operation. Learn more at https://www.qnergy.com/

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For more information: info@qnergy.com

Source: Qnergy