Velan Inc.
TSX : VLN

Velan Inc.

March 17, 2010 16:26 ET

Velan Inc.: Announcement

MONTREAL, QUEBEC--(Marketwire - March 17, 2010) - Velan Inc. (TSX:VLN) announced that Mr. A.K. Velan, its founder and CEO, is in the hospital recovering from successful heart surgery. Mr. Velan will be recuperating for several weeks and a full recovery is anticipated.

Velan Inc. will be run by its President, Tom Velan and its Chairman, Ivan Velan together with the other members of the senior executive team.

About Velan Inc.

Velan designs, manufactures and markets on a worldwide basis a broad range of industrial valves for use in many industries including power generation, oil and gas, refining and petrochemicals, chemicals, pulp and paper, LNG and cryogenics, mining and shipbuilding.

Velan Inc.'s subordinated voting shares are listed on the TSX under the symbol VLN.TO

T.C. Velan

President

CERTIFIED TO ISO 9001 QUALITY STANDARDS

Contact Information

  • VELAN Inc.
    Tom Velan
    President
    514-748-7743
    514-748-8635 (FAX)
    or
    VELAN Inc.
    John D. Ball
    Chief Financial Officer
    514-748-7743
    514-748-8635 (FAX)
    www.velan.com