Wednesday, April 27, 2011 4:53:59 PM
On Wednesday April 27, 2011, 4:30 pm
FARMINGTON, Conn., April 27, 2011 /PRNewswire/ -- EDAC Technologies Corporation (NASDAQ:EDAC - News), a diversified designer, manufacturer and servicer of precision components for aerospace and industrial applications, announced that Christopher R. Sansone was elected to the Company's Board of Directors at the Annual Meeting of Shareholders, held earlier today. The appointment of Mr. Sansone increases the size of the Board from six to seven members.
Mr. Sansone is the founder and managing partner of Sansone Partners, LP, a private investment management firm established in 2007. Concurrently, Mr. Sansone serves as an analyst for Robotti & Company LLC, a New York City-based investment research boutique, where his responsibilities include advising the firm's institutional clients on small cap investment opportunities. During his career, he also has served as an executive in the private equity sector. Mr. Sansone is a graduate of Pace University.
EDAC's Chairman, Daniel C. Tracy, commented, "Christopher Sansone brings valuable investment community experience and an understanding of the opportunities and challenges that face entrepreneurial businesses such as EDAC. We welcome the addition of his expertise and perspective to our Company."
"I am pleased that the shareholders have elected me to the Board of Directors and I look forward to contributing to EDAC's solid foundation and dynamic future," Mr. Sansone stated.
About EDAC Technologies Corporation
EDAC Technologies Corporation is a diversified manufacturing company serving the aerospace and industrial markets. In the aerospace sector, EDAC offers design and manufacturing services for commercial and military aircraft, in such areas as jet engine parts, special tooling, equipment, gauges and components used in the manufacture, assembly and inspection of jet engines. Industrial applications include high-precision fixtures, gauges, dies and molds, as well as the design, manufacture and repair of precision spindles, which are an integral part of machine tools found in virtually every manufacturing environment. EDAC's core competencies include extensive in-house design and engineering capabilities, and facilities equipped with the latest enabling machine tools and manufacturing technologies.
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