"We are excited to add this talent to our Board. Regis and Mike provide significant expertise and experience..."
Kent, Wash. (PRWEB) April 9, 2010
Avure Technologies, Inc., the global leader in contained high pressure processing systems, announced today that it has added two new Members to its Board of Directors. Avure’s management is growth-oriented and in the past four years, the company has bought out joint venture partners in an Ohio business, improved operating infrastructure, and created a new product development program. Currently Avure is expanding its application development support to expand usage of its contained pressure technology.
The two new Board of Director members are Dr Regis A. Matzie, recently retired Senior VP & Chief Technology Officer at Westinghouse Electric Company, and Mike Kirkman, President & CEO of Interconnect Devices.
Dr. Matzie, currently serving as Executive Consultant, was responsible for all Westinghouse research and development undertakings and advanced nuclear plant development. Previously, Dr. Matzie was responsible for the development, licensing, detailed engineering, project management, and component manufacturing of new Westinghouse light water reactors. He was also the executive in charge of Westinghouse replacement steam generator projects and dry spent-fuel-canister fabrication projects. He became a Senior Vice President in 2000, when Westinghouse Electric Company purchased the nuclear businesses of ABB when he held the position of Vice President of Nuclear Systems for ABB Combustion Engineering. His career has been devoted primarily to the development of advanced nuclear systems and advanced fuel cycles, and he is the author of more than 105 technical papers and reports on these subjects. Dr. Matzie graduated from the U.S. Naval Academy with a B.S. in physics, and served in the U.S. nuclear submarine program for five years. He earned his M.S. and Ph.D. in nuclear engineering from Stanford University.
Mike Kirkman is currently President & CEO of Interconnect Devices based in Kansas City, Kansas, a global supplier of high end connectors for the Semiconductor Testing, Military and Medical industries. Throughout his career, Mr Kirkman has been a leading contributor to the growth and development of multiple global manufacturing companies. As Vice-President of Business Development at Cooper Industries, Mr. Kirkman led the development and execution of a strategic plan to join technology driven organic growth platforms with strategic acquisitions. Previously, Mr. Kirkman served as General Manager of a Tyco Electronics Business Unit, as a Business Unit Director for Thomas & Betts, and Product Line Director for Augat, Inc. Mr. Kirkman holds a Bachelor of Science in Mechanical Engineering from the University of Massachusetts and an MBA from Barrington College.
Pat Adams, President and Chief Executive Officer of Avure, commented, “We are excited to add this talent to our Board. Regis and Mike provide significant expertise and experience that will help Avure accelerate its penetration into new markets. We are fortunate to have Milestone Partners as private equity investors. Their support and encouragement to include outside Directors is unusual.”
About Milestone Partners
Milestone Partners is a private equity firm that partners with management to invest in leveraged buyouts and recapitalizations of lower middle market businesses. Milestone pursues successful niche-market leaders that provide unique and valued products or services. Milestone’s transactions typically provide liquidity to shareholders of privately-owned businesses, facilitate the transition of ownership to key managers, and allow management to capitalize on growth opportunities, while maintaining the legacy of the founders. Milestone invests through Milestone Partners III, L.P., a $240 million fund. For more information, please visit http://www.milestonepartners.com.
About Avure Technologies, Inc.
Headquartered in the Seattle area, with principle design and build operations in Västerås, Sweden, Avure Technologies, Inc. provides isostatic pressing processing equipment to created high quality specialty materials for both conventional and alternative energy markets, aerospace, military and advanced medical applications. Avure’s metal forming equipment is utilized extensively in aerospace and is rapidly growing in other specialty markets which require complex, high strength, low volume metal components. Avure is also the largest provider of ultra high pressure systems utilized to pasteurize foods without the need for chemicals or additional heat; HPP has emerged as the industry most utilized non-thermal process. HPP is a key element of many leading food processors’ food safety program, and this processing technology also plays an important role in the fast growing All Natural market. For more information, please visit http://www.avure.com.