DALLAS, TX--(Marketwire -09/05/12)- Oryon Technologies, Inc. (ORYN) ("Oryon" or the "Company"), a developer and manufacturer of the innovative next-generation, flexible, crushable, water resistant and wearable lighting technology known as Elastolite® is pleased to announce Ms. Shaunna F. Black is joining our Oryon team and will be responsible for Global Operations.
In this position, Ms. Black will facilitate international sourcing, implement updated internal production and manufacturing processes, oversee and direct quality control and compliance standards.
Ms. Black brings an extensive background in the management of global projects and a track record of achievements in operational excellence. Her expertise encompasses operations management, sustainable design, continuous improvement, lean manufacturing, and strategic planning. She recently served as Senior VP, Manufacturing for Dongbu Hitek Semiconductor of Seoul, Korea (2010-2012) where she was responsible for 1500 employees and 650,000,000 USD in revenue for a specialty analog foundry company. Her role included production support, process engineering, equipment engineering, test engineering, planning and finance, quality, ESH, facilities, and shipping. Prior to this she held the position of VP, Worldwide Facilities at Texas Instruments Incorporated (2005-2009). In this role, she was responsible for the design, construction, operations and maintenance of global facilities including ESH, security, and real estate. She managed a $600,000,000 real estate portfolio, managed an annual budget of $400,000,000 and directed a staff of 1500 at facilities across 25 countries.
In response to her appointment, Ms. Black stated, "I am pleased to work with the Oryon team in strengthening their manufacturing strategy in support of their expanding customer base. I look forward to our future success."
Oryon's CEO, Tom Schaeffer, comments, "We are thrilled to have Ms. Black's knowledge and expertise of the related industries Oryon is involved in at this time in our company's growth. With the opportunities ahead for Elastolite in new product categories her leadership skills, insight and experience will enable the company to move forward efficiently and cost-effectively. Elastolite offers an international opportunity in many channels of technology related to electroluminescent (EL) lighting. Ms. Black is an expert at ramp to volume production in the international markets, which is a perfect fit for our business model during this time of explosive growth in wearable technologies and personal lighting systems."
Additional details of the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information, visit our website at: www.oryontech.com. Watch the Elastolite® product presentation video: www.oryontech.com/investors/presentations.
About Oryon Technologies, Inc. (ORYN)
Oryon is a research and development and applications engineering company that has developed multiple patents relating to electroluminescent ("EL") lighting (trademarked as "Elastolite"). Elastolite® enables thin, flexible, crushable, water-resistant lighting systems to be incorporated into multiple applications such as safety apparel, sporting goods, consumer goods and membrane switches, among others. Within Oryon's target textile markets alone, billions of units are shipped each year. The market includes outerwear, industrial safety, municipal safety, military, athletic apparel, men's, women's and children's clothing, shoes and gear. These markets generate over $250 billion annual revenues and are second in size only to the food industry. Find out more at www.oryontech.com. Watch the Elastolite® product presentation video: www.oryontech.com/investors/presentations.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, reference to new technologies and sales methods as well as financial projections for the size of the market. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Form 8-K, as amended, dated May 4, 2012 and our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.