StockerYale Appoints New Board Member
SALEM, N.H.--(BUSINESS WIRE)--Feb. 20, 2004--StockerYale, Inc.
(NASDAQ: STKR), an independent provider of advanced illumination
and optical products, today announced the appointment of Patrick
J. Zilvitis to its Board of Directors. Mr. Zilvitis is currently
chief information officer on a consulting basis at Segway LLC,
in Manchester, New Hampshire. He was previously chief information
officer and corporate vice president for The Gillette Company(NYSE:G)
.
Mr. Zilvitis began his career with IBM in Cleveland, Ohio in 1966 and performed in a variety of sales, marketing, product, and general management positions, managing IBM's personal computer channel when he resigned in 1983 to serve as vice president of marketing for Perkin-Elmer. In 1985, Mr. Zilvitis joined Martin Marietta Corporation where he served as president and general manager of their Data Systems Company - a $450M subsidiary that provided internal information technology services to Martin Marietta and sold timesharing, packaged software and integration services. Mr. Zilvitis joined Digital Equipment Corporation in 1987 where he organized and managed their global Consulting Services Organization after which he joined The Gillette Company(NYSE:G) .
Mr. Zilvitis currently serves on the Board of Directors for ANSYS, Inc.(NASDAQ-NMS:ANSS), a publicly traded engineering software company and is a Benchmark Practioner with Benchmarking Partners in Cambridge, Massachusetts. He has been involved with The Boston Management Consortium Board of Directors, Information Technology Advisory Board at Timex Corporation, the Information Management Curriculum Advisory Board at Babson College, the Advisory Council to the MS/MIS Program at Boston University's School of Management and has lectured at the MIT Sloan School. Mr. Zilvitis has also served on the Tivoli and Lotus Boards of Advisors, served on the Board of Directors at International Integration Incorporated (i-Cube), and has been in an advisory and consulting capacity at several start-up and existing enterprises.
Mr. Zilvitis is a Magna Cum Laude engineering graduate from the University of Notre Dame and earned a master's degree in mechanical engineering at the University of Michigan, attending on a National Science Foundation fellowship.
"We are pleased to welcome Pat to StockerYale's board of directors," said Mark W. Blodgett, StockerYale's chief executive officer. "As the Company continues to position itself for future growth and profitability, Pat's industry experience, technological expertise, and dynamic business leadership will assist us in navigating StockerYale towards attaining its strategic objectives. We are honored to have him on our board and look forward to his contributions."
About StockerYale
StockerYale, Inc.(NASDAQ-NMS:STKR), headquartered in Salem, NH, is an independent designer and manufacturer of structured light lasers, light emitting diodes, (LEDs), fiber optic, and fluorescent illumination technologies as well as specialty optical fiber and phase masks for use in a wide range of markets and industries including the machine vision, telecommunications, aerospace, defense and security, utilities, industrial inspection, and medical markets.
StockerYale serves a widely varied, international customer base and reinvests a significant percentage of its revenues in R&D to meet the future requirements of its customers. StockerYale has offices and subsidiaries in the U.S., Canada, Europe, and the Pacific Rim.
For more information about StockerYale and their innovative products, contact StockerYale, Inc.(NASDAQ-NMS:STKR) , 32 Hampshire Rd., Salem, NH, 03079. Call 800-843-8011; Fax 603-893-5604; Email info@stockeryale.com.
Notice to Investors:
This press release contains forward-looking statements that do not give full weight to all the potential risks, but relate to StockerYale's plans, objectives, and expectations, which are dependent upon a number of factors outside of StockerYale's control including, but not limited to: uncertainty that StockerYale's new photonics-based products launched in 2002 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. You should also refer to the discussion under "Certain Factors Affecting Operating Results" in StockerYale's form 10K 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.
This press release also 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 relating to, among other things, the Company's future operating results and sales trends. Reliance should not be placed on forward looking statements because they involve known and unknown risks, uncertainties and other factors which are in some cases, beyond the control of StockerYale, which may cause the actual results, performance or achievements of the Company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements.
CONTACT: StockerYale, Inc.
James Gargas, 603-893-8778
jgargas@stockeryale.com