Pressure Technologies plc announced the appointment of Steve Hammell as Chief Financial Officer (CFO) of the Company. He will join the Company and Board in the second quarter of this calendar year. Steve is currently CFO of Sheffield Forgemasters International Ltd. including UK and international defence markets.

A Chartered Accountant with 29 years' experience, Steve has held several financial leadership roles, including CFO of AIM-quoted cyber security specialist, ECSC Group plc, and Group Finance Director of international technology consultancy, eBECS Ltd. Steve spent his early career with PwC, Yorkshire Bank and Grant Thornton, where he worked on a wide range of M&A transactions. A member of the Chartered Institute for Securities & Investment, Steve holds a first class honours degree in Economics & Management from the University of Leeds. Further to the Company's announcement on 15 November 2022, James Locking will be stepping down as Chief Financial Officer at the end of February 2023.

Recent management changes within the Company's finance function and the addition of interim finance support will help ensure the completion of ongoing projects, including the Fiscal Year 22 Audit, and a smooth transition.