HEI, Inc. (Pink Sheets: HEII; http://www.heii.com) today announced that effective immediately, Robert (Bob) Heller will assume the responsibilities of CEO in addition to his role as Chairman while Mark Thomas, President, will devote the vast majority of his time to sales expansion.
“Sales growth is critical to HEI’s success and increasing our selling resources will result in improved sales development for all three operating divisions. In addition to Mr. Thomas’ heightened sales and marketing focus, we are expanding our sales team, and we believe we will be successful in penetrating our target markets,” commented Bob Heller, Chairman and CEO.
HEI, Inc. designs, develops and manufactures ultra-miniature microelectronics, high density interconnect flexible and rigid-flex substrates, electromechanical hardware, and embedded software with complex user interface solutions for customers engaged in the medical, hearing, telecommunications, military, aerospace, and industrial markets. HEI provides its customers with a single point of contact that can take an idea from inception to a fully functional and cost effective product utilizing innovative design solutions and by the application of state-of-the-art materials, processes and manufacturing capabilities.
Corporate & HEI –Victoria (Microelectronics Contract Manufacturing) | 1495 Steiger Lake Lane, Victoria, MN 55386 | |
HEI – Boulder (Design and Development, Box Build and ATE) | 4801 North 63rd Street, Boulder, CO 80301 | |
HEI – Tempe (Quick Turn and Production High Density Interconnect Flex and Rigid-Flex) | 610 South Rockford Drive, Tempe, AZ 85281 | |
FORWARD LOOKING INFORMATION
Information in this news
release, which is not historical, includes forward-looking statements
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 that involve substantial risks and
uncertainties. You can identify these statements by forward-looking
words such as “may,” “will,” “expect,” “anticipate,” “believe,”
“intend,” “estimate,” “continue,” and similar words. Statements
contained in this press release, including the implementation of
business strategies, growth of specific markets, results and estimated
HEI revenue, orders, shipments, cash flow and profits, are forward
looking statements. All such forward-looking statements involve risks
and uncertainties including, without limitation, adverse business and
market conditions, the ability of HEI to secure and satisfy customers,
the availability and cost of materials from HEI’s suppliers, HEI’s
ability to satisfy financial or other obligations or covenants set forth
in its financing agreements, adverse competitive developments, change in
or cancellation of customer requirements, collection of receivables and
outstanding debt, HEI’s ability to control fixed and variable operating
expenses, and other risks detailed in previous HEI SEC filings. Since
HEI is no longer reporting to the SEC, readers are cautioned to weigh
the potential for additional risk factors based on ongoing business
activities and current economic conditions. The information set forth
herein should be read in light of such risks. We undertake no obligation
to update these statements to reflect ensuing events or circumstances,
or subsequent actual results.
Contacts:
Bob Heller, 952-443-2500
Chairman and CEO