Industrial Microwave Expands Board of Directors to Five.Business Editors MORRISVILLE, N.C.--(BUSINESS WIRE)--June 13, 2001 Two additions add food and industrial expertise Industrial Microwave Systems, Inc. (IMS (1) See IP Multimedia Subsystem. (2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS. ) announced today the election of two outside directors to the company's board. The addition of William C. Burkhardt, former president and 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. of Cary, N.C.-based Austin Quality Foods, and Peter C. Browning, former president and CEO of Hartsville, S.C.-based Sonoco Products Sonoco Products Company (NYSE: SON) is a major producer of different types of commercial and consumer product packaging. The company is based in Hartsville, South Carolina, U.S.A. It is also the United States' third largest paper producer. , increases the current board from three to five members and provides IMS with senior executive-level expertise in the food and industrial sectors. The board expansion coincides with successful commercialization of IMS products in three targeted industries: food processing Food processing is the set of methods and techniques used to transform raw ingredients into food for consumption by humans or animals. The food processing industry utilises these processes. , textiles and chemicals. "Attracting board members of Bill and Peter's caliber is another validation of IMS' future and the value of our technology," said J. Michael Drozd, chairman, president and CEO of IMS. "Now that we have successfully sold and installed equipment in all three target markets, the experience of Bill and Peter will ensure that we're well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the multi-billion dollar market opportunities at hand." Market leaders in textiles, food and chemicals are among Industrial Microwave clients, including household-name, Fortune 100 companies. IMS uses unique, patented technology to apply controlled microwave energy to continuous industrial processes that require uniform heating and drying. Burkhardt was president and CEO of Austin Quality Foods until his retirement in May 2000. He previously served as president of the bakery division of Beatrice Foods and president of National Continental Foods. He continues to serve on the boards of Capital Bank, Scana and Rex Healthcare. He was named Executive of the Year by Snack Food magazine in 1995. Browning was president and CEO of Sonoco until his retirement in July 2000. He is also a former president and CEO of National Gypsum gypsum (jĭp`səm), mineral composed of calcium sulfate (calcium, sulfur, and oxygen) with two molecules of water, CaSO4·2H2O. It is the most common sulfate mineral, occurring in many places in a variety of forms. Company and former executive vice president of Continental Can Company. Browning serves on the boards of Wachovia Corporation, Lowe's Companies, Nucor Corporation (chairman), National Service Industries and Phoenix Companies/Phoenix Home Life Mutual Insurance. Industrial Microwave was established in 1997. A growth stage company, IMS is working to translate the performance and economies of microwave energy to industrial processes that require uniformity in heating, drying, bonding, curing or cooking. Current investors include Carousel Capital Partners, Martin Marietta Materials Martin Marietta Materials is in the aggregate, chemical, and composite material business. It is the second largest producer of crushed stone, sand, and gravel in the United States. It is a leading U.S. , the North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Technological Development Authority and TriState Investment Group. |
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