Microfluidics International Announces Appointment of New President.NEWTON, Mass.--(BUSINESS WIRE)-- Sept. 5, 1995--Microfluidics International Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on symbol: MFIC MFIC Malaysian Furniture Industry Council MFIC Microfluidics International Corp. MFIC Military Flight Information Center MFIC Missionary Franciscan of the Immaculate Conception (religious order) ) (the company) announced today the appointment, effective immediately, of Michael A. Lento len·to Music adv. & adj. In a slow tempo. Used chiefly as a direction. n. pl. len·tos A lento passage or movement. as president and treasurer of Microfluidics International Corp. Lento, who has acted as vice president of marketing with the company since June 1994, has 22 years of technical and business management experience. After serving as an industrial engineer at Sanders Associates Sanders Associates was a defense contractor in Nashua, New Hampshire, USA which is now part of BAE Systems Electronics & Integrated Solutions, a subsidiary of BAE Systems. It concentrates on developing and manufacturing electronic systems, notably aircraft self-protection systems, , he held numerous senior management positions and performed diverse assignments for several high technology companies over the last 20 years. Lento joined the company in October 1993 to lead MFIC's cooperative R&D venture with Catalytica Inc. Previous to joining the company, Lento was the C.E.O. of Medical & Scientific Enterprises Inc., a developer and manufacturer of medical scanning and imaging equipment. Irwin J. Gruverman, chairman 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 MFIC stated, "We are pleased to promote Mr. Lento to the position of President. In his brief tenure with the company, Mr. Lento has made many valuable contributions and demonstrated excellent leadership and managerial qualities. He is a seasoned management professional with a technical understanding of our Microfluidizer(R) device, its unique capabilities and applications. His diverse background and experience equip him with a grasp of the key elements of our business and the ability to strategically guide both the company's growth and the further development and refinement of our equipment. Mike's mandate will be to direct the expansion of the company and to position MFIC to maximize both its performance and profitability while continuing to fulfill the complex needs of today's materials processing industry." Microfluidics International Corp. Microfluidics International Corp. provides patented, proprietary, high performance Microfluidizer(R) equipment to the chemical, pharmaceutical, cosmetics, biotechnology and food processing industries. Microfluidizer(R) equipment is used by its customers for numerous micromixing and encapsulation (1) In object technology, the creation of self-contained modules that contain both the data and the processing. See object-oriented programming. (2) The transmission of one network protocol within another. applications, and for cell disruption, to create new or improved processes and products. CONTACT: Irwin J. Gruverman, CEO or Jack M. Swig, Investor Relations Investor relations The process by which the corporation communicates with its investors. 617/969-5452 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion