XPED Ltd (ASX:XPE) Appointment of Independent Chairman

(MENAFN- ABN Newswire) Melbourne, Sep 5, 2017 AEST (ABN Newswire) - Xped Limited () ("Xped" or "the Company") is pleased to announce the appointment of Mr Peter Hunt as Non-Executive Chairman of the Company. Mr Hunt is a Chartered Accountant and Consultant to BDO Adelaide. He was a former partner of PKF Adelaide, Chartered Accountants, which merged with BDO Adelaide in 2012. He has broad experience as an independent director and chairman of ASX listed and private companies.

Mr Hunt is an independent director of ASX listed Intermin Resources Limited (of which he had been independent Chairman for over twenty five years) and is independent nonexecutive Chairman of unlisted UXA Resources Limited.

In addition to his experience as a Board member of ASX listed entities, Mr Hunt has direct and broad experience within the aging and health care industries, which are one of Xped's key sectors. He is an investor/owner in the aged care industry and is well connected with investors in the sector.

Having been involved with business and financial transactions with businesses ranging from small to medium cap companies, Mr Hunt has financial and management skills to contribute directly to Xped's performance at both board and management level. The Board considers that his appointment will be beneficial to Xped at the highest level and enhance both investor and ASX confidence in the Company as it seeks to increase its market penetration in Smart Home, Professional Healthcare, and Commercial IoT sectors.

Mr Hunt will be replacing Mr Athan Lekkas, who will remain as a Director with a specific focus on Business Development activities across the group. The Company would like to thank Mr Lekkas for his contributions.


About XPED Ltd

()is an Australian Internet of Things ("IoT") technology business. Xped has developed revolutionary and patent-protected technology that allows any consumer, regardless of their technical capability, to connect, monitor and control devices and appliances found in our everyday environment. It's as simple as two people shaking hands. By enabling the Internet of Things, Xped's ADRC platform will bring benefit to Manufacturers, Retailers, Service Providers, and Consumers.

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