InVision Technologies Names Tim Black Chief Operating Officer.
In this position, Black will oversee all day-to-day operations of the company and will be actively involved in the strategic planning and business development process.
"The addition of Tim Black as chief operating officer is a significant milestone for InVision, reflecting our need for additional management depth as a result of our rapid growth over the past two years, as well as our future growth prospects," said Sergio Magistri, president and chief executive officer.
"Tim's strong background in general and financial management, business development and customer relations will play an important role as we continue to develop new products and aggressively market our explosive detection systems both in the U.S. and overseas.
"As chief operating officer, Tim will be responsible for all areas of InVision's internal operations, including research and development, engineering, manufacturing, sales and marketing, and finance and accounting. We welcome him to the management team and look forward to his contributions as we execute our growth strategy."
Tim Black said, "I am delighted to become a part of InVision Technologies and a member of the highly skilled management team already in place. I believe the company has strong growth opportunities, both domestically and internationally, and I intend to use my strategic and operating skills to enable InVision convert these opportunities into results."
From 1998 until he joined InVision, Black was an executive in the Systems and Information Technology Group at TRW in Sunnyvale, Calif. Most recently, he served as director/general manager of a major business unit/division, where he had financial, strategic planning and business development responsibilities for an organization that consisted of more than 500 engineering and administrative employees and had annual sales of up to $150 million.
Other highlights of his career at TRW include active involvement in both congressional and high level customer relations, and the development and implementation of entry strategies into three adjacent commercial markets. From 1975 until January 1988, he held a variety of management positions at ESL Inc., a subsidiary of TRW in Santa Clara, Calif.
Black earned a B.S. in Materials Engineering and a M.S. in Cybernetic Systems from San Jose State University.
InVision Technologies develops, manufactures, markets and supports explosive detection systems (EDS) for civil aviation security and drug detection applications, based on advanced computed tomography (CT) technology. Today, more than 120 FAA-certified CTX 5000 series systems are deployed worldwide to provide the traveling public with the best security against terrorism available.
InVision's wholly owned subsidiary, Quantum Magnetics, develops and commercializes patented and proprietary technologies, including key quadrupole resonance (QR) patents licensed from the Naval Research Laboratory, that are based on a state-of-the-art, low-cost version of magnetic resonance adapted for explosive detection.
InVision Technologies is based in Newark, Calif. Additional information about the company can be obtained on the World Wide Web at: http://www.invision-tech.com.
Except for the historical information contained herein, this news release may contain forward looking statements that involve risks and uncertainties, including risks detailed from time to time in the company's SEC reports, including the most recent reports on Forms 10-Q and 10-K.