LOS ANGELES, Nov. 17, 2004 (PRIMEZONE) -- Istron Technologies, Inc. (Pink Sheets:ITKI) Board of Directors announced today that Mr. Louis Papp has been appointed Chief Industrial Strategist for the Company: "Louis is a world-class professional who has received industry recognition and numerous awards from the global manufacturing community. Istron is pleased to bring Louis' experience to the Corporation where his engineering and manufacturing expertise will be critical to the global product development strategy of the Company."
Mr. Papp is a member of the Society of Manufacturing Engineers' College of Fellows and is an I.S.O. Lead Auditor. With previous positions as Vice-President of the Wyman-Gordon Company, Jackson, Michigan and Vice-President of Engineering for Valiant Machine, Windsor, Ontario, Mr. Papp has extensive experience working with major corporations including the Big Three Automakers. Mr. Papp has also engaged in high level consulting with major industrial corporations in Asia and Europe making him active internationally with assignments in Hungary, France, Korea, Mexico and the United States. Most recently the Provincial Government of Ontario recognized Mr. Papp with its 'Export Leadership Award for 2003'.
Mr. Papp's interest in Istron Technologies global product plans are clear: "I believe that the potential for Istron's interconnected wireless RF product in the marketplace is nothing short of revolutionary. Its projected arrival is timely, relevant and has important implications for increased safety in the modern household and the wider residential community. I am thrilled to be a part of Istron Technologies as a consultant and the momentum they are creating for improved safety for many diverse groups of international homeowners. In the end, the company is all about saving lives and that alone garners my unwavering focus and commitment."
About Istron Technologies, Inc.
Istron Technologies Inc. has added Mr. Louis Papp to its team to help it become a world leader in the design, manufacture and distribution of its revolutionary wireless interconnected battery operated smoke detector products for the residential fire safety industry. Headquartered in Toronto, Canada, with manufacturing capabilities in mainland China, Istron Technologies is committed to developing 'ground-breaking', high quality reliable products that deliver innovation to the residential smoke detector market worldwide. For more information about Istron Technologies business lines and products, please visit the Company's website at www.istrontech.com.
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of Istron Technologies, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inability to fund ongoing operations or production of products; adverse weather conditions, historical seasonality, loss of customers, increased competition and other risks detailed from time to time. Consequently, if such management assumptions prove to be incorrect or such risks or uncertainties materialize, the Company's actual results could differ materially from the results forecast in the forward-looking statements. The Company undertakes no obligation to update every forward-looking statement. Therefore, you should not consider the foregoing factors to be an exhaustive statement of all risks, uncertainties, or factors that could potentially cause actual results to differ.