SOURCE: Ikona Gear International

January 09, 2007 10:22 ET

Ikona Engages Executive Vice President

New Position Will Further the Opportunity for Strategic Alliances

COQUITLAM, BC -- (MARKET WIRE) -- January 9, 2007 -- Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), an innovator in compact, lightweight, gearing systems solutions, today announced the appointment of Joe Vosburgh as Executive Vice President.

Vosburgh will assume the overall responsibility for strategic planning, building strategic alliances and general operations at Ikona. "Joe has been a member of Ikona's Board of Directors for one and a half years and his new appointment will now involve him on a daily basis," said Ikona CEO Laith Nosh.

Vosburgh brings to Ikona twelve years of experience in the successful development, marketing and commercialization of breakthrough technologies. Vosburgh held senior marketing and product strategy positions with Creo Products, and most recently Ballard Power Systems. While at Ballard Power, Vosburgh was the architect of a $22 million fuel cell contract targeting the materials handling equipment market. Through his product strategy, which included design, pricing and contract negotiating, Ballard signed the single largest fuel cell order in industry history. The strategy developed by Vosburgh significantly influenced Ballard's market focus and serves as the company's primary source of revenue and margin growth over the next three to five years.

"I look forward to executing our business model and will work to leverage Ikona's innovative technology in the successful penetration of target markets while maintaining a focus on disciplined growth and fiscal responsibility," said EVP Vosburgh.

Vosburgh holds a Bachelor of Engineering degree from the University of Victoria and a Master of Business Administration degree from Queen's University, both with Honors distinction.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. 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 www.ikona.ca/.

Contact Information

  • Investor Relations Contact:
    Marty Tullio
    McCloud Communications, LLC
    949.553.9748
    Email Contact

    Company Contact:
    Scott Rose
    Ikona Gear International
    604.523.5507
    Email Contact