NEWBURY PARK, Calif.–(BUSINESS WIRE)–Electronic Sensor Technology (EST) (OTCBB:ESNR\u00a0–\u00a0News), a leading provider of innovative homeland security and environmental solutions, announced today that it has elected Mr. William Wittmeyer and Ms. Maggie Tham to its Board of Directors.\u00a0\u00a0In addition, Dr. Teong Lim, Founder and Director, has been elected Chairman of the Board.\u00a0Mr. Wittmeyer and Ms. Tham replace Mr. James Frey and Mr. Francis Chang, who have retired from the Board.<\/p>\n
Mr. Wittmeyer has over 20 years experience in high-technology business and investment management.\u00a0\u00a0\u00a0In 2003, he and Ms. Tham founded\u00a0eXS\u00a0Inc., a wireless access company, developing innovative and cost effective solutions for developing economics.\u00a0\u00a0Prior to founding these companies, Mr. Wittmeyer was a partner in a venture capital firm, investing in telecommunications and semiconductor start-ups.\u00a0\u00a0He was an early investor in Network Equipment Technologies Inc.,\u00a0UTSarcom,\u00a0Zoranand IXYS. He has a B.Sc. (E.E.) from the Coast Guard Academy and an M.B.A. from Columbia University Graduate School of Business Administration.<\/p>\n
Ms. Tham has over 20 years experience in management and strategy consulting.\u00a0\u00a0In 2003, she together with Mr. Wittmeyer founded\u00a0eXS\u00a0Inc., a wireless access company, developing innovative and cost effective solutions, focusing on the mass market in high growth emerging economies.\u00a0\u00a0Ms. Tham was a principal of\u00a0Wittham, a boutique investment banking firm, specializing in Trans Pacific investments.\u00a0\u00a0She raised early stage financing for\u00a0UTStarcom\u00a0and other companies. Before this, Ms. Tham worked as a strategy and business consultant in New York City and in Asia.\u00a0\u00a0Ms. Tham is an Economics Graduate of London School of Economics (B.Sc.\u00a0Econs, Upper Division) and has a M.B.A. degree from the Columbia University Graduate School of Business Administration.<\/p>\n
\u201cWe regret the departure of Jim and Francis\u201d,\u00a0said Dr. Teong Lim, Chairman, \u201cBoth of them were instrumental in setting the direction of the company when it become public in 2005.\u00a0\u00a0They have my respect and gratitude for their contributions.\u201d Dr. Lim continued,\u00a0\u00a0\u00a0\u201cMr.\u00a0Wittmeyer\u2019s\u00a0and Ms.\u00a0Tham\u2019s\u00a0experience in high-technology, startups, and finance, will be of significant value to EST\u2019s future.\u201d<\/p>\n
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About Electronic Sensor Technology:<\/p>\n
Electronic Sensor Technology develops, manufactures, sells, and supports a product line of patented chemical vapor analyzers.\u00a0\u00a0The ultra high-speed gas chromatography coupled with a solid-state detector enables analysis of nearly any odor, fragrance, or chemical vapor within ten seconds. We believe that the company’s product line is strategically positioned to address key needs of the homeland security market, environmental and quality assurance applications, and product quality of food and beverage.<\/p>\n
SEC Filings and Forward Looking Statements<\/p>\n
Certain statements in this release, including those relating to revenue expectations; the company\u2019s plans regarding business and product development; product sales and distribution; the sufficiency of the company\u2019s resources to satisfy operation cash requirements; and future capital investment by prospective investors are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.\u00a0\u00a0These forward-looking statements may contain the words \u201cbelieve,\u201d \u201canticipate,\u201d \u201cexpect,\u201d \u201cpredict,\u201d \u201dhopeful,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cwill be,\u201d \u201cwill continue,\u201d \u201cwill likely result,\u201d or other similar words and phrases.\u00a0\u00a0Risks and uncertainties exist that may cause results to differ materially from those set forth in these forward-looking statements.\u00a0\u00a0Factors that could cause the anticipated results to differ from those described in the forward-looking statements include, among others, failure to come to terms with prospective investors, risks related to changes in technology, our dependence on key personnel, our ability to protect our intellectual property rights, emergence of future competitors, changes in our largest customer\u2019s business and government regulation of homeland security companies. The forward-looking statements speak only as of the date they are made.\u00a0\u00a0We do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date that the forward-looking statements are made.<\/p>\n
Contact:<\/p>\n
Electronic Sensor Technology<\/p>\n
Frank Zuhde (805) 480-1994 X135<\/p>\n","protected":false},"featured_media":492,"menu_order":0,"template":"","_links":{"self":[{"href":"http:\/\/digitalvtx.com\/estcal\/wp-json\/wp\/v2\/press-release\/514"}],"collection":[{"href":"http:\/\/digitalvtx.com\/estcal\/wp-json\/wp\/v2\/press-release"}],"about":[{"href":"http:\/\/digitalvtx.com\/estcal\/wp-json\/wp\/v2\/types\/press-release"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/digitalvtx.com\/estcal\/wp-json\/wp\/v2\/media\/492"}],"wp:attachment":[{"href":"http:\/\/digitalvtx.com\/estcal\/wp-json\/wp\/v2\/media?parent=514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}