Board Member Ryan J. Morris Elected as Executive Chairman of Sevcon
04 Agosto 2016 - 9:30AM
Sevcon, Inc. (Nasdaq:SEV) today announced that Board member Ryan J.
Morris, CFA has been elected Executive Chairman of the Board.
“I am honored to be elected to this newly created role at
Sevcon,” said Morris. “I have been personally excited about
the potential impact of electric vehicles for decades, and believe
that Sevcon is well positioned to capitalize on the global trend
toward electrification. I look forward to working with the
management team and board to accelerate Sevcon's growth and
leverage its unique strategic position.”
Mr. Morris has been a member of Sevcon’s Board of Directors
since 2013. He founded Meson Capital Partners LLC in 2009, and
serves as President. He served as the Executive Chairman of the
Board of InfuSystem Holdings, Inc., a leading provider of infusion
pumps and related services, from April 2012 through May 2015 and
continues to serve on its board. He also founded and served as CEO
of VideoNote LLC, an educational software company. He holds a
B.Sc. and M.Eng from Cornell University.
Forward-Looking Statements
Statements in this release about the Company’s
future growth are forward-looking statements that are based on
management’s present expectations and involve risks and
uncertainties that could cause actual results to differ materially
from those projected. Important factors that could cause these
statements not to be realized include that we may not be able to
successfully integrate and manage the Bassi business, the Bassi
acquisition may not further our business strategy or results as we
expect, we may not be able to successfully complete the development
of the controllers contracted by particular customers, the
manufacturers may decide not to commence production, and the
markets for the particular vehicles may not develop as the
manufacturers hope. Additional important factors are set forth
under “Risk Factors” and elsewhere in the Forms 10-K and 10-Q we
file with the SEC.
About Sevcon, Inc.
Sevcon is a global supplier of control and power
solutions for zero-emission, electric and hybrid vehicles. Its
products control on- and off-road vehicle speed and movement,
integrate specialized functions, optimize energy consumption and
help reduce air pollution. Sevcon’s newly acquired Bassi Division
produces battery chargers for electric vehicles; power management
and uninterrupted power source (UPS) systems for industrial,
medical and telecom applications; and electronic instrumentation
for battery laboratories. The company supplies customers from its
operations in the U.S., U.K., France, Germany, Italy, China and the
Asia Pacific region, as well as through an international dealer
network. Visit www.sevcon.com and www.bassi-srl.eu.
Contact:
David Calusdian
Sharon Merrill Associates
1 (617) 542 5300
SEV@InvestorRelations.com
Matt Boyle
President and CEO
1 (508) 281 5503
matt.boyle@Sevcon.com
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