ACT Aurora Control Technologies Announces Appointment of Greg Ayres as Chief Operating Officer
04 June 2014 - 10:00PM
Marketwired
ACT Aurora Control Technologies Announces Appointment of Greg Ayres
as Chief Operating Officer
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 4, 2014) -
ACT Aurora Control Technologies Corp. (TSX-VENTURE:ACU) ("Aurora"
or the "Company") is pleased to announce the appointment of Greg
Ayres as Chief Operating Officer effective May 19, 2014. Mr. Ayres
joins the leadership team with the responsibility of delivering a
winning business pursuit strategy, developing enterprise supply
agreements for Aurora's products and services and refining our
marketing and customer-facing messaging.
Mr. Ayres has a proven record of developing business objectives,
directing business and sales strategy and leading organizations to
achieve growth and increased profitability. He spent 15 years with
Measurex in various roles, culminating in leading a 300 employee
team as Vice President, North America Sales & Service. When
Honeywell bought Measurex, Mr. Ayres was appointed VP & General
Manager of Honeywell's Paper Business and led the $600M operation
to double-digit profitability. For the last ten years, Mr. Ayres
has been Chief Operating Officer of Yes Video, a digital imaging
company, where he has led the global commercialization and
distribution efforts and has delivered consistent sales and
earnings growth.
"I am thrilled to have Greg join the Aurora Team," said Michael
Heaven, Executive Chairman. "He brings front-line experience in the
Measurex results-selling approach to the photovoltaic industry and
a proven record of closing significant business including major
supply and distribution agreements. He joins Aurora at the point
where we are seeing a significant increase in the photovoltaic
industry's capital spending and growing sales opportunities for our
industry-leading measurement and control solutions."
"There is a very bright future for solar power generation in
almost every geography. The manufacturing of photovoltaic cells is
in it's infancy in terms of deploying automation technology to
measure and control the production lines. Aurora Control
Technologies is perfectly positioned with the technology that
enables the photovoltaic manufacturers to meet this demand by
significantly improving line efficiency, tightening control at key
manufacturing steps, and ultimately producing higher quality
product," said Greg Ayres. "I see my experience with Honeywell,
Measurex and Yes Video as a perfect fit for Aurora Control
Technologies and look forward to driving value creation for our
customers, employees and investors."
The Board of Directors has granted an additional 450,000
incentive stock options to directors, officers and employees for
their contributions to the company and 75,000 incentive options to
SECTORSPEAK Inc. for investor relations services. The exercise
price of the options is set at $0.40 and they will expire in five
years. The stock options are subject to regulatory approval.
About Aurora:
ACT Aurora Control Technologies Corp. develops, manufactures and
markets inline measurement systems for the photovoltaic industry.
Headquartered in North Vancouver, Canada, and founded by
experienced leaders in process measurement, semiconductor
manufacturing and industrial automation, the Company's inline,
real-time measurement and control products provide photovoltaic
cell manufacturers with the means to lower production costs and
increase profitability. The Company's shares are listed on the TSX
Venture Exchange and trade under the symbol "ACU".
For more information, the Company's website is located at
www.auroracontrol.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Some statements in this news release contain forwardlooking
information. These statements address future events and conditions
and, as such, involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by the statements.
The Company does not assume the obligation to update any
forwardlooking statement.
ACT Aurora Control Technologies Corp.Gordon Deans,
P.Eng.President & CEO+1 (778)
241-5000info@auroracontrol.comwww.auroracontrol.com
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