It seems he has been involved with the company for a while as an independent contractor. I won't speculate regarding the amount of shares he may get or his salary; we'll know soon.
What we need to see is that NTEK is taking care of business by filling the Sr Tech position with an experienced manager that already knows the company.
I think everything is falling into place. Remember this:
NTEK announced today (9/18/3013) the grand opening of its east coast operations located south of Boston, in East Bridgewater Massachusetts. Setup of the research and development facility has been completed with further east coast expansion planned for early next year. NanoTech Vice President Philip Foley is heading up the operations. Foley announced “We are very excited about the rapid growth of our NanoTech R&D team. We have several ground breaking mobile apps about to enter the market, all of which have been developed by my team. We have recently hired fifteen new employees that will be working 3 shifts, expanding both our development team and support infrastructure