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Thursday, April 26, 2007 12:38:43 PM
Thursday , April 26, 2007 12:32 ET
FORT MYERS, FL -- (MARKET WIRE) -- 04/26/07 -- Innova Robotics & Automation, Inc. (OTCBB: INRA), a robotics technology firm, announced today, two executive appointments that it believes will strengthen the Company's management and leadership team. Effective immediately, Kenneth D. Vanden Berg, Innova's current Chief Financial Officer, has been named the Company's Chief Operating Officer and will retain both titles. Innova also announced the appointment of retired GE executive Dr. John Kroon to the Company's Board of Directors. The appointment of Dr. Kroon raises the total number of Innova Board members to eight.
Kenneth Vanden Berg, 54, was appointed CFO of Innova in December 2006. He maintains over 30 years of executive and financial management experience in industries that include engineering, manufacturing, high tech, and distribution supply chain management. Mr. Vanden Berg has led over 70 financial and strategic acquisitions throughout his career.
Dr. John Kroon, 67, worked for GE from 1984 to 2001, serving in various senior management roles in Europe and North America. Among the positions he held was President of GE/Reuter-Stokes in Twinsburg, Ohio and European President of GE Fanuc, a world renowned automation company and a JV between GE and Fanuc, and most recently Vice President of Strategic Planning and Business Development for GE Fanuc North America. From 2002 to June 2004, Dr. Kroon served as President and CEO of ImageGuide Inc., a medical device company focused on commercializing an image guided robotic needle driver for biopsy and ablation procedures. He was also a member of the Board of Directors of Innova's RWT subsidiary. Dr. Kroon received his Bachelor of Science, M.Sc. and Ph.D. degrees in Nuclear Physics from the University of Ottawa in Canada.
Walter K. Weisel, Chairman and CEO of Innova Robotics and Automation, said, "These are key executive appointments that we believe will strengthen our management and leadership teams and better position the Company to pursue its growth objectives going forward. Ken has played a pivotal role at the Company since joining as CFO in December. He carries quality leadership in administering the financial affairs of a growth-oriented business. He also brings over 30 years of executive management experience to the position of COO, including direct experience in several of the customer segments we serve. Ken has significant acquisition experience and played a key role in the execution of our recent Altronics acquisition."
Mr. Weisel continued, "John Kroon maintains a distinguished track record in the robotics and automation fields and represents an important addition to our Board. John's wealth of knowledge, experience and industry relationships will be extremely supportive to Innova as we continue to pursue opportunities to leverage our software in the broad-based robotics field."
About Innova Robotics & Automation, Inc.
Fort Myers, Fla.-based Innova Robotics & Automation (OTCBB: INRA), pioneers innovative control and communication solutions that make robotics and automated systems more productive, powerful and profitable for customers in the telecommunications, manufacturing, aerospace, research, and service industries. The company is chartered to continue expanding its growing suite of technologies through acquisitions and organic growth. Innova operates through four subsidiaries, Robotic Workspace Technologies (RWT), CoroWare Technologies, Altronics Service, and Innova Robotics, which offer convergent technology and expertise that bridges robots, CNC machines, facilities, and business systems for greater functionality and ROA. Visit Innova online at www.InnovaRoboticsAutomation.com.
Forward-Looking Statements:
Forward-looking statements such as "believe," "expect," "may," "plan," "intend," etc., contained herein are within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties and are based on the Company's beliefs and assumptions it made using information currently available to it and which reflect current views concerning those future events. Actual results could differ materially. Therefore, undue reliance should not be placed on any forward-looking statements, since they apply only as of today's date, and accordingly, reference should be made to the Company's periodic filings with the SEC.
--------------------------------------------------------------------------------Contacts:
Press:
Jennifer Gery
Brainerd Communicators, Inc.
212-986-6667
gery@braincomm.com
Or:
Sandra L. Brooks
INCOMM International Inc.
Tel: (904) 636-5085
7825 Baymeadows Way, Suite 101-A
Jacksonville, FL 32256
Email: slbrooks@incomminternational.com
URL: www.incomminternational.com
Investors:
Todd St.Onge
Brainerd Communicators, Inc.
212-986-6667
stonge@braincomm.com
Source: Innova Robotics and Automation, Inc.
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