Here is the latest new release:
Professional production manager hired
Pyng Technologies Corp PYT
Shares issued 7,677,856 Mar 24 close $5.15
Wed 25 Mar 98 News Release
Mr Michael Jacobs reports,
Mr Michael Jacobs, president of Pyng Technologies Corp (the company), is
very pleased to announce that Pyng Medical Corp has hired a production
manager.
Malcolm Chaddock brings to the company 25 years of experience in medical,
aerospace and high technology industries. He has broad experience in the
development and implementation of manufacturing processes and systems. His
career started with a successful 15-year stint at Lockheed in which he
progressed through increasingly responsible and challenging supervisory
positions. His medical industry experience (including manufacturing
engineering manager at Lifescan, operations manager at Lightwave, and
director of manufacturing at Xillix Technologies) gave him valuable
experience in quality systems, regulatory requirements, vendor and
contractor sourcing and managing, and personnel management. Mr Chaddock
also managed manufacturing engineering at Dynapro.
Malcolm Chaddock's leadership skills, his proven attention to quality and
costs, and his broad practical experience in developing and implementing
manufacturing options makes him an ideal candidate for the role he has
assumed at Pyng Medical.
Mr Chaddock's duties will include planning and executing manufacturing
operations in cooperation with other Pyng Medical personnel, including:
* Producing F.A.S.T. 1 systems needed for ongoing field trials, training
new users, and early adopters.
* Working with the company executive to develop and recommend short,
medium, and long term production plans to minimize cost per unit and
maximize returns.
* Implementing medium and long term production.
Mr Chaddock has been charged with the goal of meeting our tight time frame
and producing a low-cost, high-quality product. He will drive down cost per
unit and maximize profits as he directs the transition from small-volume
assembly to full-scale production. With his successful track record, the
board of directors is confident that profitable production in 1998 is
assured. I am delighted to welcome him on board.
Pyng Technologies Corp.
Michael W. Jacobs
President
Tel: 1-800-349-7964 or (604) 875-4526
Fax: (604) 875-5390
Website: pyng.com
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