Company Website:
http://www.interlinkelectronics.com
CAMARILLO, Calif. -- (Business Wire)
Interlink Electronics, Inc. (OTC: LINK), a global leader in
human-machine interface (“HMI”) sensor technology, announced today the
next phase of leadership appointments on the executive team. Effective
immediately Howard Goldberg, Ph.D. will assume the role of President in
addition to his current role as Chief Operating Officer (COO). This
appointment is in furtherance of the plan announced on June 5, 2013,
pursuant to which Dr. Goldberg assumed the role of COO and Declan
Flannery assumed the role of Managing Director of Interlink’s FSR®
Business Unit. We believe this move will allow Interlink to drive the
next phase of business growth initiatives.
This appointment allows the executive team to be more efficient and
effective in driving the strategic business growth initiatives for 2013
and beyond. The transition of the President’s role from Steven N.
Bronson (Chairman and CEO) to Howard Goldberg, allows Mr. Bronson to
focus on strategic matters, mission-critical decisions, and
identification of potential acquisitions and business partnership
opportunities. Dr. Goldberg’s combined role of President and COO allows
him to oversee and manage Interlink’s global business and operations,
sales and customer engagement processes, and financial performance.
Declan Flannery, as Managing Director of the FSR Business Unit, will
continue his efforts to grow the core FSR business and leverage his
in-depth knowledge of the rapidly growing printed electronics and sensor
industry to drive strategic growth.
"Since 2012, Interlink has been steadily showing significant
improvements in its financial performance, new market penetration, and
sales pipeline opportunities. Howard’s appointment as President will
allow us to sustain and accelerate the momentum we have gained over the
last year," stated Steven N. Bronson, the Chairman and CEO of Interlink
Electronics. Mr. Bronson continued, "This move further strengthens the
foundation of our growth strategy, which is to realize the full market
potential of the core FSR® product portfolio, have it supported by a
global business infrastructure that drives profitability and scales with
future growth, and to become more strategically focused in order to
drive both organic and inorganic growth opportunities.”
“A successful executive team needs to strike the balance of achieving
maximum effectiveness through a focus on individual roles and
accountabilities, while enabling valuable synergies to occur from
collaborative discussions and brainstorming,” stated Howard D. Goldberg,
Ph.D., the President and COO of Interlink Electronics. Dr. Goldberg
continued, "With my new responsibilities, I am looking forward to
helping drive Interlink to further growth and success, as we build from
the current financial stability that is the direct result of the
business restructuring plan that was initiated in 2011 by Steve and
Declan.”
Interlink Electronics is a world leader in the design of patented
Force-Sensing Resistor (FSR®) technology. For over 28 years, Interlink
Electronics' solutions have focused on handheld user input, menu
navigation, cursor control, and other intuitive interface technologies
for the world's top electronics manufacturers. Interlink Electronics has
a proven track record of supplying human-machine interface ("HMI")
solutions for mission-critical and rugged applications in a wide range
of markets, including, but not limited to, consumer electronics,
automotive, industrial, and medical devices. Interlink Electronics
serves a world-class customer-base from its corporate headquarters in
Camarillo, California and offices in Japan, Hong Kong and China. For
more information, please see http://www.interlinkelectronics.com.
FORWARD LOOKING STATEMENTS: This release contains "forward-looking
statements" involving a number of risks and uncertainties as defined in
the Private Securities Litigation Reform Act of 1995. The following are
among the factors that could cause actual results to differ materially
from the forward-looking statements: historical losses and negative cash
flow, the success of business divestitures and acquisitions, the
ownership of the majority of our stock by a small group of investors,
our success in predicting new markets and the acceptance of our new
products, efficient management of our infrastructure, the pace of
technological developments and industry standards evolution and their
effect on our target product and market choices, the effect of
outsourcing technology development, changes in the ordering patterns of
our customers, a decrease in the quality and/or reliability of our
products, protection of our proprietary intellectual property,
competition by alternative sophisticated as well as generic products,
pending litigation against Interlink Electronics, historical weaknesses
in internal controls over financial reporting, continued availability of
raw materials for our products at competitive prices, disruptions in our
manufacturing facilities, risks of international sales and operations
including fluctuations in exchange rates, compliance with regulatory
requirements applicable to our manufacturing operations, and customer
concentrations. The forward-looking statements contained in this release
should be considered in light of these risk factors.
Contacts:
Interlink Electronics
Steven N. Bronson, Chairman and CEO
805-484-8855
ext. 112
sbronson@interlinkelectronics.com
or
Howard
D. Goldberg, Ph.D., President and COO
805-484-8855 ext. 114
hgoldberg@interlinkelectronics.com
Source: Interlink Electronics, Inc.
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