ProPhotonix Limited ProPhotonix Appoints Chief Financial Officer (7615G)
March 06 2018 - 2:00AM
UK Regulatory
TIDMPPIX
RNS Number : 7615G
ProPhotonix Limited
05 March 2018
March 5, 2018
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
ProPhotonix Limited
("ProPhotonix" or "the Company")
Appointment of Chief Financial Officer
ProPhotonix Limited (London Stock Exchange -- AIM: PPIX and
PPIR, OTC: STKR), a high technology designer and manufacturer of
LED illumination systems and laser diode modules, with operations
in Ireland and the United Kingdom, today announces the appointment
of Edward Dolan as the Company's Chief Financial Officer
(non-Board) with immediate effect.
Edward ("Ed") has joined the Company from AC Lordi, a private
equity backed professional services firm, and has previously held
positions at Nypro (a Jabil company), Yankee Candle Corporation -
where he acted as Director of Accounting with responsibility for
all activities of the accounting group - and 3COM Corporation,
where Ed managed the corporate accounting group. Ed is a certified
public accountant (CPA) and worked for Price Waterhouse Coopers,
LLP earlier in his career.
Phil Feeley, who has acted as the Company's Corporate Controller
and then its Chief Financial Officer for over 12 years, is retiring
at the end of May, until which time he will carry out an orderly
handover of his responsibilities.
Tim Losik, President and CEO of ProPhotonix, stated -- "We are
pleased to welcome Edward to ProPhotonix at an exciting time for
the Company. Ed brings a wealth of experience and talent and I look
forward to working closely with him as we continue to grow our
business.
"Phil has made a significant contribution to the Company over
the past 12 years and, on behalf of the Board, I would like to
thank him for his dedication and commitment to the Company and wish
him the very best in his retirement."
Enquiries: ir@prophotonix.com
ProPhotonix Limited
Tim Losik, President and Tel: +1 603 893 8778
CEO
Cantor Fitzgerald Europe
(Nominated Adviser and Broker) Tel: +44 (0)207 894 7000
Andrew Craig
Richard Salmond
About ProPhotonix
ProPhotonix Limited, headquartered in Salem, New Hampshire, is a
high technology designer and manufacturer of LED illumination
systems and laser diode modules for industry leading OEMs and
medical equipment companies. In addition, the Company distributes
premium diodes for Ushio (formerly OCLARO), Osram, QSI, Panasonic,
and Sony. The Company serves a wide range of markets including the
machine vision, industrial inspection, security, and medical
markets. ProPhotonix has offices and subsidiaries in the U.S.,
Ireland, U.K., and Europe. For more information about ProPhotonix
and its innovative products, visit the Company's web site at
www.prophotonix.com.
Cautionary Statement
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical fact, including without
limitation, those with respect to ProPhotonix's goals, plans and
strategies set forth herein are forward-looking statements. The
following important factors and uncertainties, among others, could
cause actual results to differ materially from those described in
these forward-looking statements: uncertainty that cash balances
may not be sufficient to allow ProPhotonix to meet all of its
business goals; uncertainty that ProPhotonix's new products will
gain market acceptance; the risk that delays and unanticipated
expenses in developing new products could delay the commercial
release of those products and affect revenue estimates; the risk
that one of our competitors could develop and bring to market a
technology that is superior to those products that we are currently
developing; and ProPhotonix's ability to capitalize on its
significant research and development efforts by successfully
marketing those products that the Company develops. Forward-looking
statements represent management's current expectations and are
inherently uncertain. All Company, brand, and product names are
trademarks or registered trademarks of their respective holders.
ProPhotonix undertakes no duty to update any of these
forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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