10/25/2010 9:32:00 AM
NEWS BRIEFS
Permanent Technologies Appoints Tremblay Following Dionne’s Departure
U.S. Navy Landing Craft, Air Cushion (LCAC)
Permanent Technologies named Patrick Tremblay as senior advisor following the departure of CEO Pierre Dionne, who was appointed in July.
Tremblay has experience in risk management, finance and strategic consulting.
“Of course we’ll focus on military applications first, leveraging our existing relationship with the U.S. Navy Hovercraft project,” stated Tremblay. “And my expectation is we’ll see TineLok in many, many other military and commercial applications soon.”
Tremblay previously held positions at Bombardier, a Tier One U.S. government OEM and general contractor. He also held senior finance and consulting management positions at Deloitte Consulting, KPMG and McGladrey.
“I have two main objectives at Permanent Technologies. First, I plan to help TineLok realize its market potential by introducing its unique capabilities and cost benefits to major heavy equipment and military manufacturers, general contractors and OEM’s.”
“Secondly, I’ll work closely with (chairman and co-founder) Loren Ball to search for the right individual to assume the CEO position of the Company.”
In the interim Ball will take over as president.
Ball said the U.S. Navy recognizes the potential for TineLok to significantly lower overall maintenance costs and the ease of replacing the product in the field.
“Now it’s time for us to introduce TineLok to other branches of the Military and to other industries, like automotive, utilities, aeronautics and heavy machinery manufactures.”
Huntington, NY-based Permanent Technologies developed the patented TineLok vibration-proof fastening system. The TineLok system is designed to hold in extreme and harsh conditions. Web: tinelok.com ©2010 GlobalFastenerNews.com
Related Links:
Share: