DALLAS, Aug. 13, 2017 (GLOBE NEWSWIRE) -- P10 Industries, Inc. (OTC:PIOE) today announced that Mark Hood has resigned from its board of directors, and that Robert Stewart has joined the board.

Robert B. Stewart Jr. serves as President of Acacia Research Corporation, an industry leader in patent licensing. Rob has been an executive at Acacia for nearly two decades, helping to deliver hundreds of millions of dollars of value to Acacia's patent licensees. Rob received a B.S. degree from the University of Colorado at Boulder and has extensive experience in intellectual property and patent licensing, as well as financial and public markets.

“While we are sorry to see Mark leave, we appreciate his involvement, insights, and help during the past few months,” said Robert Alpert, Chairman of P10. “We are also extremely excited to have Rob join our board, especially given his background and expertise in IP licensing and look forward to his help in monetizing our patent portfolio.”

About P10 Industries
P10 Industries is a company led by proven, experienced business leaders aimed at monetizing intellectual property assets and acquiring profitable businesses to generate profit and positive cash flows, ultimately creating long-term shareholder value. P10’s current business commenced on November 19, 2016, following completion of an asset acquisition of its Active Power assets by Piller Power Systems, Inc., a subsidiary of Langley Holdings PLC. Active Power changed its name to P10 Industries pursuant to the terms of the acquisition agreement. For more information, visit www.p10industries.com. P10 Industries stock trades on the OTC Pink Market, which is operated by OTC Markets Group, a centralized electronic quotation service for over-the-counter securities. P10 Industries stock trades under the symbol “PIOE.”