CALGARY, Nov. 18, 2011 /CNW/ - RS Technologies Inc. ("RS" or the
"Company"), a technology innovator and manufacturer of advanced
composite products for infrastructure markets, today announced that it
has filed its financial statements and management's discussion and
analysis for the quarter ended September 30, 2011 with Canadian
securities regulatory authorities. Copies of these documents are
available at www.sedar.com and RS's website at www.grouprsi.com.
RS is also pleased to announce the appointment of Howard Elliott as
president and CEO of RS. Mr. Elliott takes over from Paul Giannelia,
who has been the Company's president and CEO since June 2007. Mr.
Giannelia will remain as a member of the board of directors of RS,
serving in the capacity of vice chairman of the board, actively focused
on key customers and strategic initiatives.
Mr. Elliott joined RS in May 2008 in the capacity of chief operations
officer. Mr. Elliott has in excess of twenty years of experience in the
development and production of advanced composite material products and
has managed businesses in an executive capacity in the United States
and Asia. His extensive experience in the optimization of complex
manufacturing and business operations was acquired with industry
leading global corporations head-quartered in the U.S.A., Japan and the
EU. Prior to joining RS, Mr. Elliott served in a number of leadership
positions with Park Electrochemical Corporation and was responsible for
leading business units that manufacture advanced composite material
products for electronic and aerospace applications. In his time at RS,
Mr. Elliott has led the Company's operations and technical functions to
significantly improve manufacturing processes, yields, costs and
Mr. David Werklund, chairman of RS, stated, "The board of directors is
pleased with the promotion of Howard Elliott to president and CEO. We
believe his proven leadership abilities and management experience are
ideally suited to lead RS in the next phase of its growth and
commercialization of the Company's RStandard® composite utility poles. Combined with Werklund Capital's financial
support of RS, we look forward to Mr. Elliott's continued contributions
as he assumes overall direction of the Company. The board of directors
would like to thank Paul Giannelia for his important contributions to
the Company over the past years and looks forward to Mr. Giannelia's
continued involvement with RS."
RS is an ISO 9001:2008 certified technology innovator that develops
advanced composite material products for infrastructure markets. The
composite products manufactured using the Company's proprietary resins
and processes are typically lighter, more durable and longer-lasting
than competing products made from the traditional building blocks of
wood, steel or concrete. RS's flagship product is its award-winning
RStandard® composite pole. The pole is used as transmission and distribution poles
to carry electric grids and as communication structures for various
uses including wireless networks and microwave communications systems.
For the latest on RS's developments, go to the Company's website at www.grouprsi.com.
"RStandard" is a registered trademark of RS.
SOURCE RS Technologies Inc.
For further information:
RS Technologies Inc.
Investor Relations and Communications
Tel: (403) 219-8000 Fax: (403) 219-8001