Micron Solutions, Inc. Announces New Chief Financial Officer
August 30 2021 - 8:30AM
Micron Solutions, Inc. (OTCQB: MICR) (the
“
Company”), a diversified contract manufacturing
organization, through its wholly-owned subsidiary, Micron Products,
Inc., producing highly-engineered, innovative components requiring
precision machining and injection molding,
announced today the appointment
of Mr. Glen Bunnell as
its Chief Financial Officer, Treasurer and Principal
Accounting Officer, effective September 7, 2021.
Mr. Bunnell brings over 30 years of
strategic financial management in the life sciences, technology and
manufacturing industries, most recently serving since April 2019 as
Chief Financial Officer of BostonSight, a non-profit healthcare
organization, research center and manufacturing laboratory based in
Needham, Massachusetts. Prior to this position, Mr. Bunnell has
served as an independent consultant from 2016 to 2019, and from
2005 to 2016 at Charles River Laboratories with his last position
as Vice President of Finance. “I am excited to be joining Bill
Laursen and the Micron team at this pivotal time for Micron,
bringing my strategic financial experience in life sciences and
manufacturing to enhance value creation for our customers
and our shareholders,” said Mr. Bunnell.
“We are pleased to have Mr. Bunnell join our
management team as CFO and continue to build upon the foundation of
growth and business development that we have been focused on for
our customers and shareholders,” said Mr. Laursen.
About Micron Solutions, Inc.
Micron Solutions, Inc., through its wholly-owned
subsidiary, Micron Products, Inc., is a diversified contract
manufacturing organization that produces highly-engineered,
innovative medical device components requiring precision machining
and injection molding. The Company also contract manufactures
components, devices and equipment for military, law enforcement,
industrial and automotive applications. In addition, the Company is
a market leader in the production and sale of silver/silver
chloride coated and conductive resin sensors used as consumable
component parts in the manufacture of integrated disposable
electrophysiological sensors. The Company’s strategy for growth is
to build a best-in-class contract manufacturer with a specialized
focus on plastic injection molding and highly-engineered medical
devices and components requiring precision machining.
The Company routinely posts news and other important information
on its website: http://www.micronsolutions.com.
Safe Harbor Statement
Forward-looking statements made herein are based
on current expectations of Micron Solutions, Inc. (“our” or the
“Company”) that involve a number of risks and uncertainties and
should not be considered as guarantees of future performance.
Therefore, actual results may differ materially from what is
expressed in or implied by these forward-looking statements. The
factors that could cause our actual results of operations,
financial condition, performance or achievements to be affected
materially include, but are not limited to, our ability to obtain
and retain order volumes from customers who represent significant
proportions of net sales; our ability to maintain our pricing
model, offset higher costs with price increases and/or decrease our
cost of sales; variability of customer delivery requirements; the
level of and ability to generate sales of higher margin products
and services; our ability to manage our level of debt and
provisions in any debt agreements which could make the Company
sensitive to the effects of economic downturns and limit our
ability to react to changes in the economy or our industry; failure
to comply with financial and other covenants in our credit
facility; the impact on the Company’s financial results due to
economic uncertainty and disruption including, but not limited to,
recent events concerning COVID-19; reliance on revenues from
exports and impact on financial results due to economic uncertainty
or downturns in foreign markets; volatility in commodity and energy
prices and our ability to offset higher costs with price increases;
continued availability of supplies or materials used in
manufacturing at competitive prices; variations in the mix of
products sold; and the amount and timing of investments in capital
equipment, sales and marketing, engineering and information
technology resources. The Company assumes no obligation to update
the information included in this press release, whether as a result
of new information, future events or otherwise. More information
about the Company's financial results is included in the Company's
Quarterly Reports for the quarters ended June 30, 2021 and March
31, 2021 and our most recent Annual Report for the fiscal year
ended December 31, 2020, which are posted at
https://www.otcmarkets.com/stock/MICR/ and
https://micronsolutions.com/.
For more information, contact: |
|
Mr. William Laursen |
Chief Executive Officer |
978.345.5000 |
Micron Solutions (AMEX:MICR)
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