April 24, 2008 — API Nanotronics, Corp. (OTCBB: APIO), supplier of electronic components and nanotechnology research and development to the defense and communications sectors, says its board of directors has appointed Stephen B. Pudles to serve as the company’s CEO, effective immediately. Mr. Pudles succeeds Phillip DeZwirek who will continue to serve as chairman of the board and chairman of the executive committee.
Mr. Pudles brings more than 25 years of electronics industry experience to API Nanotronics. He previously served in several executive and leadership roles at Nu Visions Manufacturing, LLC, including president and CEO, where led the company from $10 million in revenue to over $100 million in a six-year period.
Pudles also served in a variety of other executive and operational positions for a number of electronic manufacturing services companies and began his career as a manufacturing engineer and operations project leader at ITT Defense Communications Division and as an industrial engineer at McDonnell Douglas Astronautics Co. He holds a Bachelors of Engineering and a Masters of Science in Management from Stevens Institute of Technology. Pudles was recently elected secretary and treasurer of the IPC, an electronics industry global trade association, where he has served on their board of directors for the past 8 years.
Phillip DeZwirek, Chairman of API Nanotronics Inc., said, “[Pudles’] vast operational and leadership experience is ideally suited as API continues to capitalize on its leadership position in the defense and communications electronics and nanotechnology industry.”
According to Pudles, API Nanotronics “has an unparalled technological and scientific position and an impressive roster of long standing blue-chip customers. The industry is taking notice of API’s leading position and I look forward to building on this momentum to further establish the company as a forward-looking leader in our industry.”