10.6.2003: Meldung: Trojan Technologies Appoints New President & CEO
LONDON, ON, June 9 / Trojan Technologies Inc. (TSX/TUV) announced today that Marvin R. DeVries has been appointed President and Chief Executive Officer. He succeeds Allan G. Bulckaert who has resigned from these positions as well as from the Board of Directors.
DeVries has been with Trojan since 1988 in increasingly senior executive positions. DeVries is a Professional Engineer, holds a B.Sc. Eng. degree in Water Resources Engineering from the University of Guelph and a Masters of Engineering degree with a specialization in water and wastewater treatment from The University of Western Ontario. During his fifteen years with the Company, DeVries has been instrumental in expanding the Company"s global sales network and building broad acceptance for UV technology. In his most recent position as Executive Vice-President, DeVries successfully directed Trojan"s Municipal and Environmental Contaminant Treatment business. He has also been a driving force within the Company for continuous improvement in customer service and aftermarket support.
"I am excited at the prospect of leading this very dynamic company. With a solid financial foundation and strong operational systems, I believe Trojan is now well positioned to achieve substantial growth and solid financial results over the coming years. Our strategy will continue to focus on expansion across all five market arenas through ongoing organic growth supplemented by strategic partnerships and acquisitions," DeVries stated.
DeVries also noted, "With our order backlog of over $81 million, we are on track to achieve our stated objectives of $110 million of revenue and to be profitable this year. We also continue to expect to reach $250 million of revenue by 2006."
Trojan Technologies is a Canadian based, high technology environmental company operating internationally. Trojan designs, manufactures and sells UV systems for municipal wastewater and drinking water facilities, as well as for the industrial, commercial and residential markets. The company also provides UV treatment for the removal of toxic chemicals from water. With 26 years of experience and over 3,000 municipal facilities in more than 25 countries using its technology, Trojan has the largest installed base of UV systems in the world.
The company has over 350 employees around the world. Headquartered in London, Ontario, Trojan has offices in Germany, the U.K., Netherlands, Norway, Spain, and the U.S. Its shares are listed on The Toronto Stock Exchange under the trading symbol TUV.
For further information
contact - Diana Cunningham, Manager Corporate Communications and Investor Relations, Trojan Technologies Inc., Tel: (519) 457-3400, www.trojanuv.com
Source: Trojan Technologies Inc.