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Enter Symbol
or Name
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Enpar Technologies Inc
Symbol ENP
Shares Issued 92,141,252
Close 2014-09-16 C$ 0.09
Market Cap C$ 8,292,713
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Enpar Technologies appoints Tether technical adviser

2014-09-17 09:29 ET - News Release

Dr. Gene Shelp reports

ENPAR APPOINTS DR. ANTHONY TETHER TO THE COMPANY'S ADVISOR COMMITTEE

Dr. Anthony J. Tether has joined Enpar Technologies Inc. as technical adviser, effective immediately.

Dr. Tether was director of the Defence Advanced Research Projects Agency (DARPA) from 2001 to his retirement in 2009. DARPA is the principal agency within the U.S. Department of Defence for research, development, and demonstration of concepts, devices and systems that provide highly advanced new technology capabilities. As director, Dr. Tether was responsible for management of the agency's projects for high-payoff, innovative research and development. In 2009, Dr. Tether reformed the Sequoia Group (TSG), which serves U.S. government and industrial clients. The Sequoia Group provides program management and strategy development services to government and industry. He is on several advisory and corporate boards, and is a distinguished fellow with the Council on Competitiveness located in Washington.

From 1996 to 2001, Dr. Tether held the position of chief executive officer and president of the Sequoia Group, which he founded in 1996. From 1994 to 1996, Dr. Tether served as chief executive officer for Dynamics Technology Inc. From 1992 to 1994, he was vice-president of Science Applications International Corp.'s (SAIC) advanced technology sector, and then vice-president and general manager for Range Systems at SAIC. Prior to this, he spent six years as vice-president for technology and advanced development at Ford Aerospace Corp., acquired by Loral Corp. during that period.

He also held positions in the U.S. Department of Defence, serving as director of DARPA's strategic technology office from 1982 through 1986, and as director of national intelligence in the Office of the Secretary of Defence from 1978 to 1982. He served as vice-president of Systems Control Inc., a company he helped start after receiving his PhD, where he applied stochastic estimation and control theory to military and commercial problems with concentration on development of algorithms to perform real-time resource allocation and control. Dr. Tether has served on U.S. Army, Navy and defence science boards, and on the Office of National Drug Control Policy Research and Development Committee. He is an Institute of Electrical and Electronics Engineers (IEEE) fellow for leadership in the advancement of commercial and defence technologies, and listed in several who's who publications.

In 1986, Director of Central Intelligence Bill Casey honoured him with the national intelligence medal and Secretary of Defence Caspar Weinberger with the Department of Defence civilian meritorious service medal. In 2009, Secretary of Defence Gates honoured him with the Department of Defence outstanding public service medal. In 2013, he was awarded the AIAA Aerospace Communications Award for aerospace communication contributions. Dr. Tether received a bachelor of electrical engineering from Rensselaer Polytechnic Institute, and a master of science and PhD in electrical engineering from Stanford University.

Dr. Gene Shelp, president and chief executive officer, commented: "Management and the board of directors are extremely pleased to welcome Dr. Tether as adviser. As Enpar translates its numerous technical successes into profitable international commercial enterprises, the company will continue to expand its network of respected leaders in the fields of technology, finance and business. Dr. Tether provides Enpar with unparalleled expertise in technology development and innovation, coupled with an intimate knowledge of the needs of government and industry. As a researcher and innovator, his numerous awards attest to the fact that he has captured the respect of domestic and international government agencies and leading academic/professional organizations. I look forward to working closely with Dr. Tether and other key advisors to identify and capitalize on business opportunities in North America and internationally."

The board of directors of the company has granted to Dr. Tether 250,000 incentive stock options to acquire common shares at an exercise price of 10 cents. The options will be vested at six-month intervals over a period of 18 months with an exercise termination date of five years from the date of grant.

We seek Safe Harbor.

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