ESI Appoints New Board Members
April 18 2011 - 3:48PM
Marketwired
E. S. I. Environmental Sensors Inc. ("ESI" or the "Company") (TSX
VENTURE: ESV) is pleased to announce the appointment of Stephan
Radermacher and Johan Grandin to the Board of Directors for the
Company. The Company continues to execute its new strategy with
regard to board and executive management restructuring as well as
innovative market driven product development.
Stephan Radermacher brings 20 years of industrial management
experience to the Board and will act as its Chairman. A business
lawyer by education with law degrees from Germany (Munich LMU) and
the U.S. (Duke), he has held various executive officer positions in
private as well as in large international public corporations,
among them ABB Power Generation, a global business with several
hundred subsidiaries. Focusing on business development and
corporate restructuring, Mr. Radermacher most recently joined an
international consultancy as Managing Partner. In 2010 he assumed
the role of Board Member and Chief Operating Officer of Avis
Financial Corporation, which has recently acquired 30,000,000
common shares of ESI along with 30,000,000 share purchase
warrants.
Johan Grandin has over 20 years of experience working with
public companies and a proven track record in raising venture
capital. Currently working with Element and Associates of
Vancouver, BC, a full service corporate finance company, Mr.
Grandin brings an extensive expertise in corporate financial
restructuring and capital markets to ESI. Through his past officer
and director positions for various public issuers, Mr. Grandin has
learned to streamline growth initiatives with precision. Having
also worked in the field of engineering, Mr. Grandin holds a
Masters of Science degree in Business Economics and Engineering
Physics.
In addition to the above changes, Ian Middleton, Nicolas Loebel
and Edwin Mitchell are voluntarily stepping down from the Board of
Directors for ESI; they will continue to provide advisory support
to ESI's Board and executive management going forward. These
directors have achieved much during their terms, both in terms of
financings and product development milestones, as well as seeing
ESI through some difficult financial times. The Company is
extremely thankful for the dedication and perseverance all three of
these directors have demonstrated throughout their years of service
to the Company and its shareholders.
The new Board of Directors and executive management team look
forward to continuing with recent product development initiatives
and enhancements as they move the Company to financial and market
success.
About Avis Financial Corporation
As an international business developer, Avis Financial provides
a comprehensive package of services to its portfolio companies and
supports them with its business network and extensive expertise.
Avis Financial's services include capital and operational
restructuring, business development and placement preparation. For
further information on Avis Financial, please visit their website
at www.avisfinancial.com.
About ESI
ESI is a leading manufacturer of patented and proprietary
solutions for environments where understanding the presence,
movement, and/or amount of water are important. Major market
sectors include: agriculture, golf and turf, scientific research,
civil engineering, mining, environmental monitoring and crude oil
production. ESI solutions have been successfully introduced into
more than 40 countries to enable customers to optimize their
operations by monitoring the presence and movement of water,
managing irrigation systems, and monitoring the integrity of
landfill covers. In addition, ESI's Flo.Point™ instrument has been
deployed in the oil industry to measure the volumetric presence of
water pumped during crude oil extraction for characterization and
optimization of the process. ESI differentiates itself by
translating the best technology and science available into
practical, easy to use solutions. Irrigation managers, reservoir
engineers, and scientists have adopted ESI's products for their
accuracy, ease of use, repeatability, and ability to operate in
challenging environments. ESI is publicly traded on the TSX Venture
Exchange under the symbol "ESV". Further information about ESI may
be obtained through the Company's website at www.esica.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: E.S.I. Environmental Sensors Inc. Investor Relations
250.655.3211 or 1-800.799.6324 investor.relations@esica.com E.S.I.
Environmental Sensors Inc. Bernard M. Beauchesne Media and Investor
Relations Contact 250.655.3211 or 1-800.799.6324
bbeauchesne@esica.com www.esica.com