Interlink Electronics Announces the Next Phase of Key Leadership Appointments to Drive Long Term Bus
Interlink Electronics Announces the Next Phase of Key Leadership Appointments to Drive Long Term Business Growth Initiatives
CAMARILLO, Calif.--(BUSINESS WIRE)-- Interlink Electronics, Inc. (OTC: LINK), a global leader in human-machine interface ("HMI") sensor technology, announced today the next phase of leadership appointments on the executive team. Effective immediately Howard Goldberg, Ph.D. will assume the role of President in addition to his current role as Chief Operating Officer (COO). This appointment is in furtherance of the plan announced on June 5, 2013, pursuant to which Dr. Goldberg assumed the role of COO and Declan Flannery assumed the role of Managing Director of Interlink's FSR® Business Unit. We believe this move will allow Interlink to drive the next phase of business growth initiatives.
This appointment allows the executive team to be more efficient and effective in driving the strategic business growth initiatives for 2013 and beyond. The transition of the President's role from Steven N. Bronson (Chairman and CEO) to Howard Goldberg, allows Mr. Bronson to focus on strategic matters, mission-critical decisions, and identification of potential acquisitions and business partnership opportunities. Dr. Goldberg's combined role of President and COO allows him to oversee and manage Interlink's global business and operations, sales and customer engagement processes, and financial performance. Declan Flannery, as Managing Director of the FSR Business Unit, will continue his efforts to grow the core FSR business and leverage his in-depth knowledge of the rapidly growing printed electronics and sensor industry to drive strategic growth.
"Since 2012, Interlink has been steadily showing significant improvements in its financial performance, new market penetration, and sales pipeline opportunities. Howard's appointment as President will allow us to sustain and accelerate the momentum we have gained over the last year," stated Steven N. Bronson, the Chairman and CEO of Interlink Electronics. Mr. Bronson continued, "This move further strengthens the foundation of our growth strategy, which is to realize the full market potential of the core FSR® product portfolio, have it supported by a global business infrastructure that drives profitability and scales with future growth, and to become more strategically focused in order to drive both organic and inorganic growth opportunities."
"A successful executive team needs to strike the balance of achieving maximum effectiveness through a focus on individual roles and accountabilities, while enabling valuable synergies to occur from collaborative discussions and brainstorming," stated Howard D. Goldberg, Ph.D., the President and COO of Interlink Electronics. Dr. Goldberg continued, "With my new responsibilities, I am looking forward to helping drive Interlink to further growth and success, as we build from the current financial stability that is the direct result of the business restructuring plan that was initiated in 2011 by Steve and Declan."
Interlink Electronics is a world leader in the design of patented Force-Sensing Resistor (FSR®) technology. For over 28 years, Interlink Electronics' solutions have focused on handheld user input, menu navigation, cursor control, and other intuitive interface technologies for the world's top electronics manufacturers. Interlink Electronics has a proven track record of supplying human-machine interface ("HMI") solutions for mission-critical and rugged applications in a wide range of markets, including, but not limited to, consumer electronics, automotive, industrial, and medical devices. Interlink Electronics serves a world-class customer-base from its corporate headquarters in Camarillo, California and offices in Japan, Hong Kong and China. For more information, please see http://www.interlinkelectronics.com.
FORWARD LOOKING STATEMENTS: This release contains "forward-looking statements" involving a number of risks and uncertainties as defined in the Private Securities Litigation Reform Act of 1995. The following are among the factors that could cause actual results to differ materially from the forward-looking statements: historical losses and negative cash flow, the success of business divestitures and acquisitions, the ownership of the majority of our stock by a small group of investors, our success in predicting new markets and the acceptance of our new products, efficient management of our infrastructure, the pace of technological developments and industry standards evolution and their effect on our target product and market choices, the effect of outsourcing technology development, changes in the ordering patterns of our customers, a decrease in the quality and/or reliability of our products, protection of our proprietary intellectual property, competition by alternative sophisticated as well as generic products, pending litigation against Interlink Electronics, historical weaknesses in internal controls over financial reporting, continued availability of raw materials for our products at competitive prices, disruptions in our manufacturing facilities, risks of international sales and operations including fluctuations in exchange rates, compliance with regulatory requirements applicable to our manufacturing operations, and customer concentrations. The forward-looking statements contained in this release should be considered in light of these risk factors.
Steven N. Bronson, Chairman and CEO
805-484-8855 ext. 112
Howard D. Goldberg, Ph.D., President and COO
805-484-8855 ext. 114
KEYWORDS: United States North America California
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