ST. JOHN'S, April 8 /CNW/ - Rutter Inc. (TSX: RUT) confirmed today the
appointment of Mr. Fraser H. Edison as President and Chief Executive Officer
of the Company.
David Beutel, Chairman of the Board of Directors, said "Under the
leadership of Mr. Edison, our Board is looking forward to the continuation of
the positive results achieved in the technologies division and now, with the
completion of the sale of our controls and automation assets, the Company will
now focus on its core competencies in engineering and technology", he
concluded.
"Changes we have made to enhance both productivity and quality have
improved our operations and have resulted in significant growth in our
manufacturing business," said Mr. Edison. "Also, having achieved significant
market penetration with our voyage data recorders (VDRs), Rutter continues to
develop new technologies that focus on enhancing safety, environmental
protection and efficiencies in the marine industry. Continued development in
this part of our business, particularly in the area of radar technologies,
represents exciting opportunities for the Company" he concluded.
There will also be a renewed focus on the engineering division, indicated
Mr. Edison, which will continue to offer multi-disciplinary consulting
engineering services. "We have a solid business based on contracts from our
clients in the public sector and anticipate we will see growth in this area
due to the significant amounts of investment in public infrastructure over the
coming years," he said.
About Rutter Inc. - Rutter is an enterprise focused on providing
innovative technologies and engineering solutions. Rutter's global network
supplies technologies to improve efficiency and safety in the marine, defense,
transportation, oil and gas sectors from its headquarters in the Province of
Newfoundland and Labrador. Multidisciplinary consulting engineering services
including civil, structural, mechanical and electrical engineering (other than
automation engineering) as well as environmental and construction management
services are provided to a diverse client base which includes all levels of
government and the oil and gas and industrial sectors. For more information
see www.rutter.ca
Forward-Looking Statements
This news release may contain forward-looking statements that involve
risks and uncertainties. These forward-looking statements reflect our current
expectations and are subject to a number of risks and uncertainties including,
but not limited to, change in technology and general market conditions. Due to
the many risks and uncertainties, Rutter Inc. cannot assure that
forward-looking statements that may be contained in this news release will be
realized.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this news release.
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