CRS Electronics

CRS Electronics

October 05, 2012 08:00 ET

CRS Electronics Appoints New Director to the Board

WELLAND, ONTARIO--(Marketwire - Oct. 5, 2012) - CRS Electronics Inc. ("CRS" or the "Company"), (TSX VENTURE:LED), a developer and manufacturer of LED lighting, today announced the appointment of Dr. Zheng-Hong Lu to the Board of Directors. The appointment is effective immediately.

Z.H. Lu is a full professor and a Tier I Canada Research Chair in Organic Optoelectronics at the University of Toronto. He received a B.Sc. degree in physics in 1983 from Yunnan University, China, and a Ph.D degree in engineering physics in 1990 from the Ecole Polytechnique, University of Montreal, Canada. Prior to his current position, he was employed by the National Research Council's Institute for Microstructural Sciences as a research officer. While at National Research Council he developed a number of materials and processes for microelectronics and optoelectronics, in particular light-emitting silicon superlattices, dielectrics for silicon MOS transistors, and surface passivation for solid-state lasers. He joined the engineering faculty of the University of Toronto in 1998 and started an Organic Optoelectronics Research Group working on materials and device structures for OLED flat-panel display, solid-state lighting and solar cells. The group has developed OLEDs with 290 lumen per watt energy efficiency- a world record. He has authored and co-authored over 250 technical papers in leading journals such as Applied Physics Letters, Nature, Science, etc., and has filed more than 20 patent applications. He has co-founded Norel Optronics Inc. and OTI Lumionics Inc. to commercialize inventions from his group. He also serves the community in a variety of roles: as a scientific advisory board member of Lumentra Inc, as the chief advisory scientist of Low Carbon Energy Institute at Yunnan University, as an associate editor of Science China: Physics, Mechanics, and Astronomy, etc.

"We would like to welcome Dr. Lu to the Board of Directors." said Scott Riesebosch, President of CRS Electronics. "Dr. Lu is a recognized pioneer in OLED technology and brings a wealth of technical expertise to the CRS team."

About CRS

CRS Electronics Inc., a Lighting Facts partner, is a leader in the emerging, rapidly-growing market of high efficiency light-emitting-diode ("LED"), or, solid state lighting ("SSL"). The principal activities of CRS include the development, manufacture and sale, primarily in North America, of indoor lighting such as LED replacement lamps, exterior LED warning lights on school buses, child safety systems for school buses and contract manufacturing of LED circuit boards. CRS plans to be a major supplier of LED lighting solutions for a variety of applications to be developed by CRS on its own and in conjunction with its partners and customers.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws which can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other CRS filings, and include availability of sufficient working capital for development and operations, availability of a qualified work force, availability of manufacturing equipment and the ultimate ability execute its business plan on economically favourable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other CRS filings at and other unforeseen events or circumstances. Other than as required by law, CRS does not intend, and undertakes no obligation to update any forward-looking information to reflect, among other things, new information or future events.

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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