Hardinge Announces Election of Mitchell Quain and Kyle Seymour to Board Of Directors
20 Fevereiro 2004 - 3:56PM
PR Newswire (US)
Hardinge Announces Election of Mitchell Quain and Kyle Seymour to
Board Of Directors ELMIRA, N.Y., Feb. 20 /PRNewswire-FirstCall/ --
Hardinge Inc. , a leading producer of advanced material-cutting
solutions, today announced the election of Mr. Mitchell I. Quain
and Mr. Kyle H. Seymour to its Board of Directors. Mr. Quain, a
private investor and financier, is Chairman of Register.com, Inc.,
an internet services provider. His diverse background includes
senior management positions at several investment banking firms,
including Wertheim, Furman Selz, ABN AMRO, and ING Barings. He
serves on the Boards of two other public companies, MagneTek, Inc.,
and Titan International as well as the Chairman of the Board of
Overseers of The University of Pennsylvania's School of Engineering
and Applied Sciences. Mr. Seymour is Chairman, President and CEO of
Xtek, Inc., a manufacturer of heavy-duty engineered components for
steel rolling mills. Before joining Xtek, he was Senior Vice
President of UNOVA, Inc.and Group Executive responsible for global
operations of Cincinnati Machine and Landis Grinding Systems
divisions. He was formerly Group Vice President of Machine Tools
for Cincinnati Milacron. Mr. J. Patrick Ervin, Chairman, President
and CEO of Hardinge, commented, "We are pleased to be able to add
individuals of the caliber of Mr. Quain and Mr. Seymour to our
Board of Directors. I have known them both for several years and
have been impressed with their business knowledge and integrity. As
we look forward to the future growth of Hardinge, the backgrounds
of these gentlemen, along with their commitment to serving our
Company, will help us greatly." Hardinge Inc., founded more than
100 years ago, is an international leader in providing the latest
industrial technology to companies requiring material- cutting
solutions. The Company designs and manufactures
computer-numerically controlled metal-cutting lathes, machining
centers, grinding machines and other industrial products. The
Company'scommon stock trades on NASDAQ under the symbol "HDNG." For
more information, please visit the Company's website at
http://www.hardinge.com/ . This news release contains statements of
a forward-looking nature relating to the financial performance of
Hardinge Inc. Such statements are based upon information known to
management at this time. The company cautions that such statements
necessarily involve uncertainties and risk, and deal with matters
beyond the company's ability to control and in many cases the
company cannot predict what factors would cause actual results to
differ materially from those indicated. Among the many factors that
could cause actual results to differ from those set forth in the
forward-looking statements are fluctuations in the machine tool
business cycles, changes in general economic conditions in the U.S.
or internationally, the mix of products sold and the profit margins
thereon, the relative success of the company's entry into new
product and geographic markets, thecompany's ability to manage its
operating costs, actions taken by customers such as order
cancellations or reduced bookings by customers or distributors,
competitors' actions such as price discounting or new product
introductions, governmental regulations and environmental matters,
changes in the availability and cost of materials and supplies, the
implementation of new technologies and currency fluctuations. Any
forward- looking statement should be considered in light of these
factors. The companyundertakes no obligation to revise its
forward-looking statements if unanticipated events alter their
accuracy. DATASOURCE: Hardinge Inc. CONTACT: Richard L. Simons,
Exec VP & CFO of Hardinge Inc., +1-607-734-2281, or Analyst
Inquiries, John McNamara of Financial Relations Board,
+1-212-445-8435 Web site: http://www.hardinge.com/
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