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Ikona Gear International Appoints New Director of Manufacturing

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Ikona Gear International, Inc. (OTC BB: IKGI), a leader in innovative gearing systems technology, today announced that it has appointed industry veteran George Stefan to the newly created position of Director of Manufacturing.

"It is a pleasure to announce the appointment of George Stefan to the newly created role of Director of Manufacturing," said Ikona CEO and President Laith I. Nosh. "George brings to our team a unique combination of management expertise and business savvy, coupled with a wide breadth of product development and manufacturing experience. As Ikona moves to rapidly scale the business and expand into new sectors, the ability to add strategic professionals such as George will be drivers for our success. We look forward to having George join the Ikona team."

Reporting directly to Nosh, Stefan will be tasked with leading the company's foray into gearing systems technology manufacturing, spearheading the company's ISO 9000 certification initiative, managing all external client projects, and leading internal design and development teams on specific projects and prototypes.

About George Stefan

Mr. Stefan is an engineering, project management and operations management professional with more than 15-years experience in the design, development, and management of new products and new operational processes with applications in the oil and gas, marine, heavy machinery, and boating industries.

Prior to joining Ikona, Mr. Stefan held Senior Program Manager, Project Engineer and operations management positions with Pacific Rim Engineered Products, WestBay Sonship Yachts, Bel-Air Enterprises, and the Romanian Navy. He has led ISO 9001 quality programs and managed development programs for high performance products for leading industrial companies including Caterpillar, Inc. and Nabors, Inc.

Stefan has an MBA, as well as Master's Certificate in Project Management from City University in Vancouver, Canada. He also has a Bachelor of Science Degree in Engineering, with a focus on electro-mechanical systems and operations management in Romania. Stefan is a registered Project Management Professional (PMP®), a member of the Project Management Institute, the Society of Project Management Professionals of Greater Vancouver, and the Society of Internationally Trained Engineers of British Columbia.

About Ikona Gear International

Ikona Gear designs, manufactures and markets innovative gearing-enabled applications and gear increasing and reduction systems. Ikona's patented intellectual property involves a unique gear tooth form that provides very high gear reduction and very high gear tooth contact. The company's patented technology affords significant advantages over traditional planetary gearing systems including: very high torque, reduced size and weight, zero backlash, accurate back-and-forth actuation, low wear, superior efficiency and low noise. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2". For more information on Ikona, please visit us at http://www.ikonagear.com/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Distributed by Market Wire


 
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