EMR Microwave Announces Changes To Board of Directors.Business Editors FREDERICTON, NEW BRUNSWICK--(BUSINESS WIRE)--Feb. 7, 2000 EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. Microwave Technology Corporation (CDNX CDNX See Canadian Venture Exchange (CDNX). :EMW.) is pleased to announce the appointment of Basil Smidt to the Board of Directors effective December 1999. Mr. Smidt is the Chief Executive Officer of Titaco Projects (Pty) Ltd., a Member of the Executive Committee - Bateman Project Holdings Ltd. (public company JSE JSE See: Johannesburg Stock Exchange ), Chairman of Aquafund (Pty) Ltd. and Director of Bateman Project Holdings Ltd., Bateman Mineral and Industrial Ltd. and Bateman Materials Handling (Pty) Ltd. Mr. Smidt holds a BSE See Bombay Stock Exchange. BSE See Boston Stock Exchange (BSE). (Civil Engineering) degree and has studied for the MBA (Witwatersrand). His industrial experience in South Africa extends from 1975 to the present and includes many aspects of senior engineering, technology development and management. Mr. Smidt replaces J.W. Bud Bird who resigned from the Board effective December 1999 to pursue other business interests. Other directors include J. Brian Neill (Chairman), James Tranquilla, Philip Lapp, Frederick Knight, Nicholas Ediger, and Kenneth Brunk. Other recent management changes include the resignation of Carl Ash as CFO See Chief Financial Officer. who has accepted another corporate financial appointment. The Board has appointed J. Brian Neill to act as interim CFO effective January 20, 2000. At its Annual Meeting held September 20, 1999, the Company appointed J. Brian Neill as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , a position formerly held by James Tranquilla who will now assume the position of Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. as well as continuing President. Mr. Neill's increased participation in the operation of the Company signals the Company's readiness to expand its strategic partnerships and commercialize its increasing base of developed technologies. The Company is continuing to operate with downscaled activities in some areas, notably in petroleum operations, in order to minimize operating costs, however it has maintained a very successful mineral processing development program which has resulted in several new processes ready for pilot demonstration and commercialization. EMR Microwave Technology Corporation is a process technology company dedicated to providing applications for the resource industries using proprietary microwave systems. The company's head office, analytical labs, and pilot plant are located in Fredericton, New Brunswick. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has neither approved nor disapproved of the contents of this press release. |
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