Bonal Technologies, Inc. CEO A. George Hebel III Named Ernst & Young Entrepreneur Of The Year(R) 2008 Award Finalist in the Cent
11 June 2008 - 11:39PM
PR Newswire (US)
ROYAL OAK, Mich., June 11 /PRNewswire/ -- Bonal Technologies, Inc.
today announced that Chief Executive Officer A. George Hebel III is
a finalist for the Ernst & Young Entrepreneur Of The Year(R)
2008 Award in the Central Great Lakes. According to Ernst &
Young LLP, the awards program recognizes entrepreneurs who
demonstrate extraordinary success in the areas of innovation,
financial performance and personal commitment to their businesses
and communities. Hebel was selected as a finalist from nearly 160
nominations by a panel of independent judges. Award winners will be
announced at a special gala event on June 12 at The Ritz-Carlton in
Dearborn, Mich. Hebel's Ernst & Young Entrepreneur of the Year
application noted some of his accomplishments in taking innovative
steps to grow the company. In 1985 just after the company was
established, Hebel took an innovative step to take Bonal
Technologies, Inc. global, which was not as popular as it is today.
Since sales weren't strong locally, Hebel established a foreign
sales agents program. The company's first foreign sales agents were
established in Taiwan and Hong Kong. This strategy has continued to
grow the business and Bonal now sells in 49 countries. Over the
past five years, Bonal designed derivatives of the patented
technology - Pulse Puddle for Arc Welding(R) for better welding and
Black Magic(R) for smaller parts. The company is currently
developing three distinct strategies for marketing and selling the
three unique products. Bonal has only tapped less than 1% of the
market so the growth potential is phenomenal with 100,000 machine
shops in the US and each one of them could use at least one of
Bonal's products. Bonal's biggest market is to stress relieve metal
parts that aren't currently stress relieved, which would make the
parts last three times longer. Compared to heat treating, Bonal is
98% more efficient energy wise and is also more time efficient.
Bonal's products are also friendly to the environment since they
use less natural resources than one of the competing technologies -
heat treating. Based on Department of Energy research one piece of
equipment saves 32,000 barrels of oil over its lifetime of 10
years. "I am proud to be among such an esteemed group of finalists
and am pleased to increase awareness about the technology that
helped to grow Bonal Technologies into what it is today," said
Hebel. "We just announced the strongest results yet in our 24-year
history so it makes the selection as finalist even more
meaningful." The Ernst & Young Entrepreneur of the Year awards
program celebrates its 22nd anniversary this year. The program has
expanded to recognize business leaders in over 135 cities in 50
countries throughout the world. Regional award recipients are
eligible for consideration for the Ernst & Young Entrepreneur
of the Year national program. Award recipients in several national
categories, as well as the overall national Ernst & Young
Entrepreneur of the Year award recipient, will be announced at the
annual awards gala in Palm Springs, California on November 15,
2008. The awards are the culminating event of the Ernst & Young
Strategic Growth Forum, the nation's most prestigious gathering of
high-growth, market-leading companies. Sponsors Founded and
produced by Ernst & Young LLP, the Entrepreneur of the Year
awards are pleased to have the Ewing Marion Kauffman Foundation and
SAP America as national sponsors. In the Central Great Lakes,
sponsors include UHY Advisors and Smart Business Network. About
Bonal Technologies, Inc. Bonal Technologies, Inc., a subsidiary of
Bonal International, Inc. (OTC:BONL) is the world's leading
provider of sub-harmonic stress relief technology for metal
improvement solutions with more than 35 years of expertise.
Headquartered in Royal Oak, Mich., Bonal Technologies, Inc.
provides solutions to prevent distortion and cracking for metal
components. Bonal's patented technology and its three product
lines: Meta-Lax(R) Stress Relief, Pulse Puddle Arc Welding(R)
(PPAW(R)) and Black Magic(R) are sold in the US and in 49
countries. The company serves customers in a wide range of
industries - aerospace, automotive, construction equipment,
defense/ homeland security, die casting, engine building/racing,
foundries, machine tool/mold making, mining, petroleum, power,
plastic molding, shipbuilding, structural steel construction, steel
producers and welding/fabricating industries. To learn more about
Bonal Technologies, Inc., visit http://www.bonal.com/ or call (800)
METAL-29 or (248) 582-0900. About Ernst & Young's Entrepreneur
of the Year Ernst & Young's Entrepreneur of the Year is the
world's most prestigious business award for entrepreneurs. The
award makes a difference through the unique way it encourages
entrepreneurial activity among those with potential and recognizes
the contribution of people who inspire others with their vision,
leadership and achievement. As the first and only truly global
award of its kind, Ernst & Young Entrepreneur of the Year
celebrates those who are building and leading successful, growing
and dynamic businesses, recognizing them through regional, national
and global awards programs in more than 135 cities in 50 countries.
About Ernst & Young Ernst & Young is a global leader in
assurance, tax, transaction and advisory services. Worldwide, our
130,000 people are united by our shared values and an unwavering
commitment to quality. We make a difference by helping our people,
our clients and our wider communities achieve potential. For more
information, please visit http://www.ey.com/. Ernst & Young
refers to the global organization of member firms of Ernst &
Young Global Limited, each of which is a separate legal entity.
Ernst & Young Global Limited, a UK company limited by
guarantee, does not provide services to clients. DATASOURCE: Bonal
Technologies, Inc. CONTACT: Janine M. Krasicky, J9 Media Solutions
LLC, +1-248-542-3991, or +1-248-514-4558 (mobile), for Bonal
Technologies, Inc. Web site: http://www.bonal.com/
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