Active Control names Wang as president, Asia operations
Active Control Technology Inc (C:ACT)
Shares Issued 140,813,300
Last Close 10/17/2008 $0.08
Monday October 20 2008 - News Release
Mr. Steve Barrett reports
DR. ANNIE WANG APPOINTED AS PRESIDENT OF ACTIVE CONTROL'S ASIA, PACIFIC & FAR EAST OPERATIONS
Active Control Technology Inc. has appointed Dr. Annie Wang as the president of ACT's new Asia, Pacific and Far East operations.
"We are very excited to have Dr. Wang join our Leadership Team," said Steve Barrett, President and CEO, Active Control. "Beginning with China, which we estimate to be the largest market for ActiveMine in the world, Dr. Wang will help execute, enhance and accelerate our time-to-market there, and build a solid foundation for our Asia, Pacific and Far East strategy."
Barrett added, "Additionally, Dr. Wang's unique expertise will be invaluable in achieving safety approvals for ActiveMine on a global basis."
About Dr. Annie Wang
Dr. Annie Wang was born in Beijing, educated in the US, is fluently bilingual and bi-cultural, and is a US citizen. She has held key management positions for over 16 years with Industrial Scientific Corporation (ISC), a global leader in gas detection and monitoring solutions with over 850 employees and operations around the world.
Dr. Wang is an expert in international technology approvals for IS, MSHA, IEC ex, ATEX, MA, UL, and CE for the coal, oil and gas, and other extreme environments. She received a Ph.D. in Physics from Stevens Institute of Technology, New Jersey, USA and a BS in Optics from Huazhong University of Science and Technology, Wuhan, China.
In 2000, after residing in the US for nearly two decades, she initiated the ISC China operation and moved to Shanghai, where she successfully built an ISO 9000 factory with 300 employees for the company. Under her leadership, ISC's sales in China went from zero to millions of dollars annually, with seven consecutive years of more than 100% compound growth.
Prior to joining ACT, Dr. Wang was the President of ISC Asia Pacific from 2000 to mid-2008, where she developed several gas monitor products for coal mines and petrochemical applications. She used these products to open the China market and achieved over 100% compound growth from 2001 to 2007. Dr. Wang also held the position of Vice President, Engineering and R&D for ISC from 1997 to 2006. She created and led the technical teams in both US and China to develop a portfolio of new products to drive company growth. She created and implemented a new product development process and hired top notch engineers. She earned several US patents related to gas sensors and technologies for safety and industrial hygiene applications for the underground coal mining and petrochemical industries.
As part of Dr. Wang's compensation, she will be granted 750,000 options to purchase common shares of ACT at $0.10 per share for five (5) years. Dr. Wang's appointment is subject to TSX Venture Exchange approval.
© 2008 Canjex Publishing Ltd.
