Jon Chynoweth Appointed Executive Vice President
Cantronic Systems Inc. (”Cantronic”) (TSX VENTURE:CTS) has announce the creation of Thermography division with the appointment of Jon Chynoweth as Executive Vice President of the division.
Mr. Chynoweth will be based in the United States and will report directly to the President/CEO of Cantronic.
Mr. Chynoweth’s last position was Vice President of Sales & Marketing at Mikron Infrared for the Thermal Imaging Division. While at Mikron Infrared, growth in thermography-related products sales over a period of nine years increased annually at a rate of approximately 20% per year, with 2006 gross sales over $12m US dollars.
In response to rapid growth potentials in both thermography and security night vision market segments, Cantronic will divide its current products into two divisions - Thermography Division, and Security Night Vision Division.
Mr. Chynoweth will focus on leading the Sales and Marketing of the Thermography division while Mr. Mark Mandell will focus on leading the sales of security night vision products.
Cantronic’s Thermography division products will include all Cantronic and QWIPTECH products with radiometric temperature reading capabilities such as hand-held thermography cameras, SARS/Avian Flu body temperature reading cameras, high end thermal imaging cameras for science applications, as well as our planned on-line process monitoring products.
Built upon its existing thermography camera products, Cantronic is broadening its product offerings by adopting its existing products into on-line process monitoring applications and developing more products around its QWIP-based infrared detector technology for demanding science and industrial maintenance applications.
“Indicated by the fact that one US company alone recorded increased thermography revenue of $111 million US dollars for the first 6 months of 2007, we believe there will be a significant market size and growth potential for Cantronic to tap into and have a share of this growing segment”, commented, James Zahn, President and CEO of Cantronic Systems. “This will be another market segment that our infrared detector and imaging technologies can be applied, and we expect our thermography division can become an important part of our growth strategy and contribute equally if not more to our future revenue.”
“With new applications continuously been opened up and increased product offerings built upon our infrared detector and imaging technologies, Cantronic is positioned for rapid growth”, added Mr. Zahn. “Mr. Chynoweth will be a key component of an effective and professional management team. With his excellent credential in the thermography market segment and expertise in managing our sales process in setting up distribution channels for national and international clients, Cantronic will quickly become an industry standard and we believe that Mr. Chynoweth is the best person to lead that growth going forward.”
About Cantronic Systems Inc.
Cantronic is a leader in infrared night vision technology, specializing in passive and active Infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security applications.
Cantronic’s products have achieved breakthrough performance characteristics, including viewing distances of 800 meters for its active infrared night vision camera. Cantronic has formed strategic relationships with various world-class electro-optic companies, integrators, software and network designers to enable Cantronic to offer an effective alternative to conventional cameras and surveillance systems.
Cantronic serves a rapidly expanding worldwide base of military, government, commercial and residential customers. Cantronic has also been approved by Health Canada as a Medical Device manufacturer and is working on using imaging as a diagnostic tool for breast cancer screening.
In addition, Cantronic’s Fever Scan M3000 is currently being used in several airports around the world for detection of fever-borne illness such as SARS and the Avian Flu. Cantronic’s technology has been widely featured by national and local media.
Cantronic, through its US subsidiary QWIP Technologies, Inc. (”QWIPTECH”), holds a worldwide exclusive license from the California Institute of Technology (”Caltech”) to produce and sell infrared detectors and sensors based on Caltech’s Quantum Well Infrared Photodetector technology.
This technology, developed by the renowned NASA Jet Propulsion Laboratory in Pasadena, California, has many applications in defense as well as in the field of security and surveillance. The technology was inducted into the NASA Space Technology Hall of Fame in April of 2001.
QWIPTECH is currently developing an aerial land mine detection system for the US Army Research Laboratory. It has also been contracted by SELEX (formerly BAE Systems), a world-renowned leader in infrared systems, to supply infrared detectors for their Sigma Hunter large format infrared camera.
Cantronic is a Tier 1 issuer on the TSXV trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit our websites at www.cantronics.com and www.qwip.com.
