Josh will provide an immediate operational impact. With a dedicated board in place, we are now prepared for the anticipated release of our ESL R30.
New York City, NY (PRWEB) August 02, 2013
Vu1 Corporation (OTCQB: VUOC) today announced a change to its board of directors. Directors Paul Fletcher and John Boyle have stepped down. The board unanimously elected Joshua Hauser as the newest director of the Vu1 Corporation board. William B. Smith, CEO and Chairman of Vu1, made the announcement.
“We appreciate Paul and Jack’s service and help getting Vu1 to the point it is today and are particularly excited to have added a person of Josh’s caliber to the group,” said Smith. Hauser will serve as the sixth director for the board and is Independent. At this time, Vu1 does not expect to replace the seventh director as the board has the talent it needs to guide the company through the launch of its ESL R30 bulb and upcoming new products.”
Hauser brings great experience to Vu1. He is a high voltage engineer by training and has worked globally for multiple large electronics firms. In addition, Hauser brings tremendous operational expertise as well as public company experience.
Currently, Hauser also serves as the chairman on the Transistor Devices Inc. board and as a management consultant for JKD Consultants Inc. He is a results-oriented executive with a track record of successful new product introductions, operational improvements and mergers and acquisitions.
“Josh is a Director that I will work directly with and that will undoubtedly provide an immediate operational impact,” said Smith. “With a dedicated board in place, we are now prepared for the anticipated release of our ESL R30.”
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About Vu1 Corporation
New York City-based Vu1 Corporation is dedicated to applying its technology to produce energy efficient, environmentally friendly lighting solutions – with superior light quality — worldwide. Vu1 has developed a new energy efficient light bulb to provide the consumer market with the first affordable, non-toxic light bulb with features consumers are demanding and not receiving from existing products. Learn more about Vu1 at http://www.Vu1.com. For the latest news, find Vu1 on Facebook and follow us on Twitter.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release includes forward-looking statements including, but not limited to, our ability to obtain the necessary funding required for our operations, the future demonstration and commercial availability of our light bulb and timing for bulb production. These forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described in the forward-looking statements. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, as well as the risks and other factors set forth in our periodic filings with the U.S. Securities and Exchange Commission (including our Form 10-K for the year ended December 31, 2012 and our other periodic reports as filed from time to time).