StockerYale Announces the Appointment of Stephen A. Koski as Chief Information Officer
Monday January 29, 10:30 am ET
SALEM, N.H.--(BUSINESS WIRE)--StockerYale, Inc., a leading designer and manufacturer of
structured light lasers, LED modules and specialty optical fibers for
industry OEMs, today announced that it has appointed Stephen A. Koski
as Chief Information Officer. Based in the Company's Salem corporate
headquarters, he will direct the Company's information technology and
implement strategies that make information more effective and valuable
in the enterprise.
"We expect Steve to be a key player on our management team," said Mark Blodgett, StockerYale's Chief Executive Officer. "His relevant experience will drive our information technology capabilities as a key component of the Company's organic growth and acquisition strategies, as well as implementing a cost effective Sarbanes-Oxley compliance. I expect his leadership will result in better access to timely information and analytics for our information technology constituents, allowing them to better realize and implement our corporate strategy," added Mr. Blodgett.
Prior to joining StockerYale, Koski was Worldwide Chief Information Officer at James Martin & Co, of Fairfax, Virginia, a global lT professional services firm with 1,000 employees in 12 locations and founder of GTCX, whose clients include manufacturing firms Kingston Technology and Orbital Sciences. Mr. Koski began his work in enterprise information as a Project Manager for Corning, Inc. Koski graduated from the United States Military Academy, West Point, NY, with a BS in Math, Science and Engineering (MSE).
"Stocker Yale is a dynamic Company in a growing industry where technology and access to information is crucial," said Steve Koski. "I am excited about the opportunity to come aboard at a time when the Company intends to invest in infrastructure so that we can assure alignment with strategy and integrate our international subsidiaries."
About StockerYale
StockerYale, Inc., headquartered in Salem, New Hampshire, is an independent designer and manufacturer of structured light lasers, LED modules, and specialty optical fibers for industry leading OEMs. In addition, the company manufactures fluorescent lighting products and phase masks. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, telecommunication, sensors, and medical markets. StockerYale has offices and subsidiaries in the U.S., Canada, and Europe. For more information about StockerYale and their innovative products, visit the Company's web site at www.stockeryale.com
Safe Harbor 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 StockerYale'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 StockerYale to meet all of its business goals; uncertainty that StockerYale'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 StockerYale'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. You should also refer to the discussion under "Factors Affecting Operating Results" in StockerYale's annual report on Form 10-KSB and most recent quarterly report on Form 10-QSB for additional matters to be considered in this regard. Thus, actual results may differ materially. All Company, brand, and product names are trademarks or registered trademarks of their respective holders. StockerYale undertakes no duty to update any of these forward-looking statements.
Contact:
The Piacente Group
Parag Dave, 212-481-2050
brandi@thepiacentegroup.com