VYCO Vycon

    RNS Number : 8463W
  Vycon Inc
  17 June 2008
   

    


    Vycon Appoints New Chief Financial Officer and
    Executive Director


    The Board of Vycon, Inc ('Vycon' or the 'Company'), the AIM listed, designer and manufacturer of high-speed flywheel based energy
storage systems, is pleased to announce that Craig T. Glynn has been appointed as Chief Financial Officer and as an Executive Director of
Vycon, with immediate effect. Mr. Glynn succeeds Dennis Whittler, who is retiring and has stepped down as a director of Vycon.

    Craig Glynn brings to Vycon twenty-three years of extensive hands-on experience in financial management and reporting, financial and
strategic planning and mergers and acquisitions.  Craig most recently served as Chief Financial Officer for Hilex Poly Co. LLC ('Hilex'), a
plastics manufacturer with annual sales of $500 million, eleven manufacturing facilities and approximately 2,500 employees.  Craig was
instrumental in the re-capitalisation of Hilex, with private equity backing, and the subsequent purchase of the company's largest domestic
competitor, financed primarily with debt.  

    Craig has extensive experience in senior financial positions with start-up companies, where he gained valuable knowledge and expertise
in the financing of such operations. Craig also has nine years experience with Deloitte & Touche. 

    Commenting on the appointment, Vatche Artinian, President & CEO of Vycon, said: "We are very excited about this appointment. Craig
Glynn's knowledge and skills will be a significant benefit to the Company. As Vycon moves forward, Craig's expertise and input will prove
invaluable, especially as our sales traction gains pace and the Company moves to its next stage of development. We are delighted to have
attracted a Chief Financial Officer of such caliber. I would also like to thank Dennis Whittler for his contribution and hard work,
especially in bringing the Company to a successful listing in London on AIM. We wish him well in the future."

    Craig Thomas Glynn, 47, is a partner in Galway Partnership, which owns real estate in California. There are no other matters to be
disclosed in relation to Schedule 2 paragraph (g) of the AIM Rules.

    -Ends-

    For further information:
 Vycon Inc                             Vatche Artinian    001 714 386 3800


 Smith & Williamson Corporate Finance  Nick Reeve         +44 (0) 117 376 2000
 Limited                               Martyn Fraser


 Cardew Group                          Rupert Pittman     +44 (0) 20 7930 0777
                                       Shan Shan
                                       Willenbrock
                                       Emma Consett

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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