Xped Limited announced an organisational re-structure, targeting significantly reduced expenditure and increased efficiency of the Company's Board and Management. As part of the re-organisation, Athan Lekkas will resign as CEO but will remain a Director, Managing Director Martin Despain and Director Dr. Wenjun Sheng will resign from the Board but both remain as Xped consultants, while John Schultz has tendered his resignation as a Director. These latest changes follow the appointment earlier in the month of Peter Hunt as Non-Executive Chairman of Xped.

Mr. Despain will continue as Managing Director and a Board member until 30 November 2017. From 1 December 2017, he will be engaged by Xped, as a business development consultant, and will continue to be a key resource for Xped in realising revenue from a number of exciting opportunities currently being pursued by the company, notably in the telecommunications sector. Dr. Sheng has tendered his resignation as a Director with immediate effect.

Mr. Schultz has tendered his resignation as Director with immediate effect. Mr. Chris Wood will continue on the Board as an Executive Director together with his role in Senior Management as Chief Technical Officer of Xped.