SOURCE: Qualmark Corp.

November 20, 2007 06:11 ET

Qualmark Appoints New Chief Executive Officer

DENVER, CO--(Marketwire - November 20, 2007) - Qualmark Corporation (OTCBB: QMRK) a leader in designing, manufacturing and marketing HALT (Highly Accelerated Life Testing), HASS (Highly Accelerated Stress Screening) and electrodynamic systems, announced that its Board of Directors has appointed Andy Drenick as its new Chief Executive Officer and President, effective December 10, 2007. Mr. Drenick's appointment was made after Charles Johnston, the Company's CEO and President, decided to retire.

"The Qualmark Board is extremely excited by Andy's decision to join the Company," stated Qualmark Chairman of the Board, William Sanko. "Andy's wealth of technology and management experience coupled with our unique products, services and customer base is set to advance the company to its next phase of growth and innovation. The Board and employees of Qualmark are extremely grateful to Charles Johnston for his decisive leadership and contributions over the past 7 years. We also appreciate Charles' support in assuring continuity and the smooth transition of the leadership of Qualmark."

Mr. Drenick is a proven CEO with extensive experience in technology-based companies. He was most recently CEO & President of Inovonics Wireless, now owned by Roper Industries. Inovonics is a developer, manufacturer and marketer of wireless products for commercial security and meter reading applications. Prior to Inovonics, Mr. Drenick was in business development with American Management Systems, an IT services company. He started his career as a Design Engineer followed by roles in Engineering and Operations management. Mr. Drenick holds a BS in Engineering from Colorado School of Mines, an MBA from Stanford University, and is a licensed Mechanical Engineer.

"I am truly excited to be joining Qualmark at such a key point in its history. The Company has established a leadership position in its industry and is well positioned to help manufacturers in virtually all industries improve the reliability of their products, while reducing total product costs," said Andy Drenick. "I look forward to working closely with the entire team and building on the success achieved to date."

Qualmark Corporation, headquartered in Denver, Colorado, is the leader in designing, marketing, and manufacturing accelerated life-testing systems (HALT and HASS) providing the world's largest corporations with solutions that improve product reliability and allow them to get to market faster. The Company has installed more than 600 of its proprietary testing systems in 30 countries. The Company operates and partners with testing facilities worldwide.

The Company also offers electrodynamic vibration solutions through its subsidiary, Ling Electronics.

Ling Electronics, headquartered in West Haven, Connecticut, is the leader in supplying electro-dynamic systems, components, and service to the worldwide vibration test equipment market.

The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward-looking statements made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission filings; downturns in the Company's primary markets; variability of order flow, future economic conditions; competitive products and pricing; new product development; disruptions in the Company's operations from acts of God or extended maintenance; transportation difficulties; or the delivery of product under existing contracts and other factors.

Contact Information

  • Contact:
    Qualmark Corporation
    Anthony Scalese
    CFO
    303-254-8800
    Internet: www.qualmark.com

    Investor Relations
    Andrew Barwicki
    516-662-9461