Los Angeles,
CA, May 17, 2010—Vision Industries Corp. (OTCBB:
VIIC), producers of zero emission electric/hydrogen hybrid trucks, is pleased
to announce that it has signed a letter of intent with Burtek, Inc. to
enter into a teaming agreement regarding Burtek’s
representation and/or production of Vision’s hydrogen fuel cell-related
products for the U.S. defense market.The Vision products under consideration for this teaming agreement
include Class 8 hydrogen fuel cell trucks; its mobile
synthetic hydrogen fuel generation system; and platform, trailer and other
vehicle platforms with hydrogen fuel cell power trains as they are made
commercially available by Vision.
“Consider
the fact that a full 80 percent of all United States Marine Corps fatalities
occur in convoys; 40 percent of which are primarily involved in the transport
of both water and fossil fuels,” said Dr. James I. Finley, President and
Chief Executive Officer of Burtek. “Reducing or eliminating the need to transport
fossil fuels and water further entrenches the value of the hydrogen-fuel
solution in saving American lives.”
Of the agreement, Martin Schuermann, President and CEO of Vision stated, “We are excited
about the prospect of working with a company that has proven itself
to be very successful in the military marketplace.The U.S. Marine Corps Systems Command is
currently soliciting demonstration projects for its experimental, forward
operating base exhibit at the Marine Corps Base in Quantico, VA.Burtek will secure a two-week exhibit of our hydrogen
fuel generation and class 8 truck at Quantico
and related exhibits in the Washington,
DC area this fall.
About Burtek, Inc.
Burtek, Inc. is a wholly-owned subsidiary of Rabintex Industries Ltd.Burtek, headquartered in Chesterfield, MI,
specializes in the design, manufacture, testing and system integration of
complex and customized military mobile ground systems such as radar systems,
ground vehicles, shelters and trailers.For
more information on Burtek, Inc., please visit www.burtekinc.com.
About Vision Industries Corp.
Vision is a developer of zero emission
electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling
systems. Vision’s proprietary electric/hydrogen hybrid drive system
combines the superior acceleration of a battery powered electric vehicle with
the extended range provided by a hydrogen fuel cell. Vision uses major manufacturers
as partners or sub-contractors to produce its vehicles. This business approach
avoids massive outlays of startup capital. Many regional, state and
federal alternative energy programs in the form of grants, subsidies, tax
credits and loans exist or are planned. For more information on Vision
Industries Corp., please visit www.visionindustriescorp.com
SafeHarbor Statement
Matters discussed in this press
release contain forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. When used in this press release, the
words "anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements. Actual results,
performance or achievements could differ materially from those contemplated,
expressed or implied by the forward-looking statements contained herein. These
forward-looking statements are based largely on the expectations of the Company
and are subject to a number of risks and uncertainties. These include, but are
not limited to, risks and uncertainties associated with: the impact of economic,
competitive and other factors affecting the Company and its operations,
markets, product, and distributor performance, the impact on the national and
local economies resulting from terrorist actions, and U.S. actions
subsequently; and other factors available from the Company.
Vision
contact: Rusty Miller, 310.450.0299 Ext. 205 or
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CHESTERFIELD,
MI. – Mr. Jim Manville, CFO & Vice President, Administration, is pleased to announce the appointment of Mr. Greg Avesian to Director of Information Systems, effective March 8, 2010. Jim Manville said, “We are delighted that Greg has joined the Burtek team. Greg’s extensive experience in driving business improvements will be invaluable to Burtek as we expand our business and execute on our strategic plans.”
Mr. Avesian brings over 20 years of Information Systems experience with companies in the Aerospace/Defense and Automotive industries to Burtek, Inc. His background includes 10 years at Textron, Inc. and 14 years at Chrysler Corporation. Mr. Avesian has held various leadership roles in Information Systems, Information Security & Risk Management, Engineering, and Lean/Six Sigma implementation.
Mr. Avesian’s education includes BS and MS degrees from the University of Michigan and an MBA from Michigan State University.
Burtek, Inc. is a wholly-owned subsidiary of Rabintex Industries Ltd. Burtek, headquartered in Chesterfield, MI, specializes in the design, integration, testing, and production of complex and customized military mobile ground systems such as radar systems, ground vehicles, shelters, and trailers.
CHESTERFIELD,
MI. – Dr. James Finley, President & CEO of Burtek, is pleased to announce the appointment of Mr. James “Mitch” Howell to be Vice President of Programs Management, effective February 15, 2010. Dr. Finley said, “We are delighted to have Mitch join us and very pleased that he brings his military background, systems engineering experience, and programs management leadership to Burtek.”
Mr. Howell has over 30 years of Aerospace & Defense Military and Industry experience. His extensive background ranges from United States Army Special Operations, Mechanized Infantry and Military Intelligence, and most recently, 12 years with the Lockheed Martin Corporation, where Mr. Howell was Business Area Senior Program Manager. In that capacity, Mr. Howell directed all phases of programs from inception through completion. He was responsible for cost, schedule and performance of programs, led contract negotiations, coordinated proposals and developed follow-on and new business with domestic and international customers.
Mr. Howell’s education and awards include a BS degree from Indiana University, a Bronze Star from Operation Desert Storm, and two Full Spectrum Leadership Awards from Lockheed Martin.
Mr. Howell is in the process of relocating to MI with his wife, Lisa Howell (BSN).
Burtek, Inc. is a wholly-owned subsidiary of Rabintex Industries Ltd. Burtek, headquartered in Chesterfield, MI, specializes in the design, integration, testing, and production of complex and customized military mobile ground systems such as radar systems, ground vehicles, shelters, and trailers.
CHESTERFIELD,
MI. – Burtek was recognized for its quality and performance by Raytheon
Integrated Defense Systems. Burtek received a 4 Star Supplier Excellence Award at a ceremony held on March 2, 2010.”
Raytheon recognizes its suppliers based on three important factors: on-time delivery measures,
sustained performance on quality and commitment to continuous process and quality
improvement.
“Our military system will provide an unprecedented level of technological capability for Raytheon’s
Cooling Equipment Unit (CEU) supporting the THAAD program,” said Burtek’s COO Jeff Daniel. “Ultimately, this system will help protect the brave men and women of the United States Military.”
Burtek has been a proud supply chain partner with Raytheon in the delivery of this vital system to our war fighters since the first delivery in 2003.
Burtek is dedicated to providing the highest quality product without compromising schedule or value. Burtek Incorporated is a wholly-owned subsidiary of Rabintex Industries Ltd. Burtek, headquartered in Chesterfield, MI, specializes in the design, integration, production and testing of
complex and customized military mobile ground systems such as radar systems, vehicles, shelters and trailers.
CHESTERFIELD,
MI. – Mi. – Mr. Aviram Wertheim, Chairman of the Board of Directors of Rabintex Industries Ltd, is pleased to announce the appointment of Dr. James I. Finley to be the President & Chief Executive Officer of Burtek Inc, effective January 22, 2010. Dr. Finley has been managing the company since December 7, 2009 as the interim CEO.
Mr. Wertheim said that “Dr. Finley has already provided significant leadership contributions for the Company’s performance and we are pleased that he will join us on the Burtek Board of Directors and be the President & CEO of Burtek.&rdquo
Dr. Finley has over 30 years of Aerospace & Defense Industry experience and most recently served three years as the US Department of Defense (DoD) Deputy Undersecretary for Acquisition and Technology.In that role, he was Senate-Confirmed and responsible for the governance and oversight for Program Management, Systems Engineering, Procurement, Contracting, Strategic Sourcing, Small Business Programs, Industrial Policy, the Defense Acquisition University, the Defense Contracting Management Agency and Joint Advanced Concepts. His experience spans air, land, sea and space programs for the DoD as well as major programs with the Federal Aviation Administration and the National Aeronautics and Space Administration.
Prior to DoD, he was a General Dynamics Corporate Vice President, President of Information Systems and chaired the Corporate Business Development Council.Previous executive and management positions were held with United Technologies, Singer, Lear Siegler and General Electric.Dr. Finley and his wife, Sharon, will be relocating to Michigan in the near future and have six children and five grand children
Dr. Finley’s education background includes an Honorary Doctorate in Engineering, an MBA and Bachelor of Science in Electrical Engineering.He also has received numerous leadership awards and recognition including the Department of Defense Medal for Distinguished Public Service, the Small Business Administration Tibbett’s Award for “outstanding contributions” in innovative research and the National Defense Industrial Association’s Ferguson Award for “systems engineering excellence”.
Burtek Inc is a wholly-owned subsidiary of Rabintex Industries Ltd.Burtek, headquartered in Chesterfield, MI, specializes in the design, integration, testing and production of complex and customized military mobile ground systems such as radar systems, ground vehicles, shelters and trailers.
CHESTERFIELD,
MI. – Dr. James I. Finley, Chief Executive Officer of Burtek Inc, today
announced the appointment of Mr. Michael M. Aldrich as Vice-President, Business
Development.As part of Burtek’s reorganization, Business Development will now include
Strategic Planning, Government Relations, Industry Relations, Proposal
Development Management, Competitive Analysis and Market Assessments.With these combined functions, Mr.
Aldrich will report directly to Dr. Finley.
Mr. Aldrich brings 30 years of corporate business
development experience to Burtek, having served on active duty as an officer in
the United States Army prior to his employment in the private sector.He is a graduate of the United StatesMilitaryAcademy and also holds a master of science degree from the University of Southern
California.
Most recently, Mr. Aldrich led defense contractor Force
Protection Industries to rapid growth in revenue for over 6 years, beginning in
2003.Dr. Finley said that
“We are pleased to add Mike to our management team.His skill set, hands-on experience, and
many relationships throughout the defense industry should prove invaluable to
Burtek and its shareholders.Further, his demonstrated ability to connect federal funding to new
technologies and business ventures will undoubtedly assist us in the growth of
our Michigan-based business.”
