|By Business Wire||
|July 2, 2014 09:01 AM EDT||
Interlink Electronics, Inc. (OTC: LINK), a global leader in sensor and human-machine interface technologies, is pleased to announce that Mrs. Angela Blatteis and Dr. Frank Levinson have been appointed to the Board of Directors of Interlink Electronics (the “Board”). The appointments fill two vacancies on the Board, created on June 24, 2014, when the Board voted to amend Interlink Electronics’ Bylaws to increase the size of its membership to five directors.
Mrs. Blatteis comes to Interlink Electronics with over 30 years of experience in investment banking, bankruptcy, private equity, and mergers and acquisitions. Mrs. Blatteis is presently an Ambassador to The Gores Group and remains a key consultant to The Gores Group in addition to providing consulting services to various companies and management teams. From 1996 through December 2011, Mrs. Blatteis worked with The Gores Group and was responsible for key aspects of mergers, acquisitions and divestitures in the portfolio of its funds, including sourcing, structuring and negotiation transactions. She has been a Managing Director at The Gores Group since 2004. During that tenure, from July 2007 through July 2011, Mrs. Blatteis co-founded Global Equity Capital (GEC), an affiliate of The Gores Group, to focus on acquiring businesses in the small capitalization market and held the title Managing Director. In 2011, GEC was rolled back into Gores Group. Throughout her 17-year career at The Gores Group, Mrs. Blatteis was integrally involved in the acquisitions of Verifone, The Learning Company, Aonix, Intelliverse, Scovill Fasteners, and Halifax Corporation of Virginia among others. Also, Mrs. Blatteis has just launched Soupure, a soup company which uses science and research to develop soup for health conscious individuals by leveraging the power of proteins and smart energy nutrients. Mrs. Blatteis is the co-founder, CEO and CFO of Soupure. Mrs. Blatteis holds an MBA from the University of Chicago – Booth School of Business and a Bachelor degree in Economics from the University of California Berkeley.
Dr. Frank Levinson is a Venture Partner with Phoenix Venture Partners (PVP). He is also a Managing Director of the Small World Group (SWG) Incubator, a technology incubator focusing on clean tech, optical systems and novel material technologies. SWG is active in both Singapore and the USA. Dr. Levinson has an exceptional 30-year track record of starting and building companies. Most notably, Dr. Levinson was the founder, Chief Technology Officer, and Chairman of Finisar Corporation (NASDAQ:FNSR), which he built into a multibillion dollar optical components and subsystems supplier and grew revenue from zero to over $500M in annual sales. During his tenure at Finisar, Dr. Levinson built out the company's manufacturing in Asia and oversaw the implementation of more than 12 corporate partnerships, including those with Honeywell, Sensors Unlimited, and Infineon. He is currently on the board of directors of Fabrinet (NYSE:FN). Dr. Levinson earned his Ph.D. in Astronomy from the University of Virginia and his Bachelor of Science degree in physics and mathematics from Butler University.
“Interlink Electronics is delighted to have Angela Blatteis and Frank Levinson join our Board of Directors as they will provide additional strategic insights and guidance that will help further drive the growth of Interlink’s business,” stated Mr. Steven N. Bronson, CEO and Chairman at Interlink Electronics. Mr. Bronson continued: “Angela Blatteis’ advanced knowledge of the equity capital markets and corporate M&A coupled with Frank Levinson’s deep insights into scaling the growth of high-tech product companies with significant Asia R&D and manufacturing footprints will be invaluable to the future success of Interlink Electronics.”
About Interlink Electronics, Inc.
Interlink Electronics is a world-leading trusted advisor and technology partner in the advancing world of human-machine interface and sensor technologies. Interlink Electronics has led the printed electronics industry in its commercialization of its patented Force-Sensing Resistor (FSR®) technology, which has enabled rugged and reliable human-machine interface ("HMI") solutions. For over 29 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 solutions for mission-critical 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 (greater Los Angeles area), printed-electronics factory in China, distribution and warehouse facility in Hong Kong, global R&D office in Singapore, global sales office in the United Kingdom, and sales office in Japan. For more information, please see our website at: 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.
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