Technipower Systems Appoints General Woodmansee to Advisory Board
29 September 2009 - 2:30PM
PR Newswire (US)
DANBURY, Conn., Sept. 29 /PRNewswire-FirstCall/ -- Technipower
Systems, Inc. (TECZ.PK), formerly Solomon Technologies, Inc.,
announced today that General John W. "Jack" Woodmansee (Ret.) has
joined its Advisory Board. General Woodmansee, a retired Lieutenant
General of the Army, has over 33 years of experience in all facets
of military operations, including combat, research and development
and procurement. A Vietnam veteran, General Woodmansee led air
cavalry units flying over 1,500 hours of combat missions. He's been
one of the Army's visionaries and a key contributor to the design
of the organizations, tactics, and equipment used in Desert Storm.
As Director of Army Requirements, he was responsible for
prioritizing the Army's then $25 billion Research, Development, and
Acquisition budget. His last assignment was as commander of the
62,000 soldiers in the U.S. V Corps in Germany. Following his
retirement from the military, General Woodmansee consulted for top
defense contractors including Texas Instruments, Bell Helicopter,
and LTV. He is a former member of the Board of Directors of Perot
Systems Corporation, where he was the leader of North America Sales
and Operations. He founded and is currently Chief Executive Officer
of TR Gear, Ltd. Peter W. DeVecchis, Jr., President of Technipower
said, "I am extremely pleased that General Woodmansee has joined
our Advisory Board. His background in military procurement and
extensive work in new military technologies is a great fit with our
existing military systems business and the new opportunities we are
pursuing incorporating our patented technologies. His practical
experience in working in the military, commercial and contractor
environment gives him tremendous insights that will be invaluable,
not only for our core power systems business, but also as we ramp
up our marketing efforts for our Electric Transaxle(TM), Universal
Drive Train(TM), and Instant Solar(TM) technologies." General
Woodmansee commented, "I am pleased to be joining Technipower's
Advisory Board at this exciting time in the energy and power
markets. The Company's novel approaches to the power system
requirements in military and non-military applications position it
well for future growth. I believe my background will be
particularly helpful in qualifying those opportunities to maximize
the long term value while also opening new doors that may not have
been readily visible. I look forward to working with the whole team
as we move forward." General Woodmansee served as a White House
Fellow under President Lyndon Johnson, and a National Security
Fellow at the Hoover Institution for War, Revolution, and Peace. He
is a past member of the Defense Science Board, and currently a
member of the Army Science Board. He co-chaired a 2002 study on
"Aerial Support for the Objective Force", and chaired a 2003 effort
on "Combat ID". He is also a member of the Army Aviation Hall of
Fame. General Woodmansee has a Master of Science degree in Public
Administration from George Washington University, and a Master of
Arts degree in Political Science from Stanford University.
Information about Technipower Systems, Inc. and Technipower LLC:
Technipower Systems, Inc. (formerly Solomon Technologies, Inc.) and
its wholly owned subsidiary design and manufacture electrical and
electromechanical power systems requiring high levels of
reliability and ruggedness for defense, aerospace, marine and
commercial applications. The Company's expansion in to the clean
energy markets includes its Instant Solar(TM) ground mounted solar
system as well as its patented Electric Wheel® and Electric
Transaxle(TM) hybrid/regenerative technologies for hybrid-electric
and all-electric vehicles. FORWARD LOOKING STATEMENTS: This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The
statements regarding Technipower Systems, Inc. and Technipower LLC
in this release that are not historical in nature, particularly
those that utilize the terminology such as "may," "will," "should,"
"likely," "expects," "anticipates," "estimates," "believes," or
"plans," or comparable terminology, are forward-looking statements
based on current expectations about future events, which management
has derived from the information currently available to it. It is
possible that the assumptions made by management for purposes of
such statements may not materialize. Actual results may differ
materially from those projected or implied in any forward-looking
statements. Important factors known to management that could cause
forward-looking statements to turn out to be incorrect have been
identified and discussed from time to time in the Technipower's
filings with the Securities and Exchange Commission. The
forward-looking statements contained in this release speak only as
of the date hereof, and Technipower undertakes no obligation to
correct or update any forward-looking statements, whether as a
result of new information, future events or otherwise. Contact us
for more information Technipower Systems, Inc. Peter W. DeVecchis,
Jr. President 203-748-7001 http://www.technipowersystems.com/
DATASOURCE: Technipower Systems, Inc. CONTACT: Peter W. DeVecchis,
Jr. President of Technipower Systems, Inc., +1-203-748-7001 Web
Site: http://www.technipowersystems.com/
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