ESI Corporate Update: New Board Member-Matteo Beffa
November 30 2011 - 2:47PM
Marketwired
E.S.I. Environmental Sensors Inc. ("ESI" or the "Company") (TSX
VENTURE:ESV) is pleased to announce the appointment of Matteo Beffa
to the Board of Directors for the Company. The Company continues to
execute its new strategy with regard to board and executive
management restructuring. Appointed as a Director at the Company's
Annual and Special Meeting, Mr. Beffa adds his irrigation industry
experience and expertise to the Board.
Educated and trained as an agricultural engineer, Mr. Beffa
brings extensive expertise and experience in
agricultural/recreational irrigation to the Board of ESI. Mr. Beffa
spent five years at Toro's Swiss subsidiary, where he restructured
the irrigation department (distribution, marketing, technical) and
handled key accounts in the Swiss Golf-Turf market. As part of an
independent assignment, Mr. Beffa played a vital role in developing
one of the first rainwater drip irrigation systems. In 2005, Mr.
Beffa founded his own company, 'MultiOne Suisse', where he now
focuses on import and distribution of landscaping, agriculture, and
irrigation equipment for green areas. Mr. Beffa has considerable
ties to the European irrigation industry and is committed to
supporting ESI in becoming a market leader. Mr. Beffa has obtained
a Diploma in Agriculture and has supplemented his diploma with
advanced education in Agro-Economics and Business Management in
Zurich, Switzerland. In addition, Mr. Beffa is fluent in German,
English, Italian and French.
Mr. Beffa will take the Board seat of Ingvard Find, who, while
continuing to serve as the Company's President and CEO, has decided
to step down from the Board and to not renew his Board assignment
for another term.
As a result of a settlement agreement with a former employee of
the Company, a shares for debt transaction has been filed with the
TSX Venture Exchange for the issuance of 526,330 shares (at a
deemed price of $0.05 per share) in order to conserve the financial
capital of the Company.
About ESI
ESI is a leading manufacturer of patented and proprietary
solutions for environments where understanding the presence,
movement, and/or amount of water are important. Major market
sectors include: agriculture, golf and turf, scientific research,
civil engineering, mining, environmental monitoring and crude oil
production. ESI solutions have been successfully introduced into
more than 40 countries to enable customers to optimize their
operations by monitoring the presence and movement of water,
managing irrigation systems, and monitoring the integrity of
landfill covers. In addition, ESI's Flo.Point(TM) instrument has
been deployed in the oil industry to measure the volumetric
presence of water pumped during crude oil extraction for
characterization and optimization of the process. ESI
differentiates itself by translating the best technology and
science available into practical, easy to use solutions. Irrigation
managers, reservoir engineers, and scientists have adopted ESI's
products for their accuracy, ease of use, repeatability, and
ability to operate in challenging environments. ESI is publicly
traded on the TSX Venture Exchange under the symbol "ESV". Further
information about ESI may be obtained through the Company's website
at www.esica.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Contacts: E.S.I. Environmental Sensors Inc. Investor Relations
250.655.3211 or 1-800.799.6324investor.relations@esica.com E.S.I.
Environmental Sensors Inc. Bernard M. Beauchesne Media and Investor
Relations Contact 250.655.3211 or
1-800.799.6324bbeauchesne@esica.comwww.esica.com
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