SOURCE: Torvec, Inc.

Torvec, Inc.

September 14, 2009 08:30 ET

RIT President Appointed to Torvec Board of Directors

Local Automotive Technology Company and University Expand Ties

ROCHESTER, NY--(Marketwire - September 14, 2009) - Torvec, Inc. (OTCBB: TOVC) announced today that Dr. William W. Destler, President of Rochester Institute of Technology, will become a director of Torvec, Inc., effective September 15, 2009.

Previously, on July 31, 2009, RIT and Torvec signed a Memorandum of Understanding to create the Safety and Efficiency in Automobiles Laboratory ("SEAL") on the Institute's campus with the goal to establish it as a leader in the technological and manufacturing applications of advanced automotive and related energy technologies, including the creation of increased employment opportunities in automotive and related energy industries. Dr. Destler's appointment to Torvec's board is both a natural outgrowth of these collaborative efforts as well as recognition of Dr. Destler's belief that Torvec has the "potential to revolutionize the automotive industry."

William W. Destler became President of RIT on July 1, 2007. At RIT, Dr. Destler is responsible for one of the nation's leading career-oriented universities with 16,450 students from all 50 states and more than 100 foreign countries, 2,800 faculty and staff, an annual operating budget of more than $492 million, and an endowment of more than $600 million. RIT has one of the oldest and largest cooperative education programs in the country.

Dr. Destler serves on the American Council on Education's Commission on Effective Leadership and is a board member of the National Institute of Aerospace Foundation. He is a member of the board of New York's Commission on Independent Colleges and Universities and serves on a number of Rochester-community boards -- Rochester General Health System, Greater Rochester Enterprise, Rochester Business Alliance, Golisano Family Foundation and High Tech of Rochester.

A complete biography highlighting many of Dr. Destler's numerous accomplishments can be found at www.rit.edu/president/biography.html

"One of my goals as president of RIT is to find ways to assist in the economic development of the Rochester region," says Destler. "I am therefore pleased to have been asked to join the Torvec Board of Directors, and I am looking forward to helping build Torvec as an important technology-based company with the potential to bring back significant numbers of manufacturing jobs to the area."

Torvec chief executive officer, James Gleasman, commented: "Dr. Destler's credentials in the field of higher education, both at the University of Maryland and now at RIT speak volumes. Equally impressive is his doctorate in applied physics, his international reputation in the field of microwave technology and his expertise as a consultant to both industry and government. It is indeed an honor to have Dr. Destler as a member of Torvec's board."

RIT is a nationally respected leader in professional and career-oriented education, with eight colleges offering more than ninety different bachelor degree programs, including specific programs focused on technological applications that enhance efficiencies in manufacturing, improve product quality, streamline processes and protect the environment. Since 1912, RIT has been a leader in cooperative education whereby students enhance their formal education by active involvement with business and industry.

Torvec is a publically traded company that develops advanced automotive and related energy technologies that increase transportation safety, mobility, fuel efficiency and reduce pollutants. Torvec's chief products and intellectual property include its Full Terrain Vehicle (FTV®), infinitely variable transmission, IsoTorque® differential, constant velocity joint, hydraulic pump and motor and hydrogen powered steam turbine.

Contact Information

  • Contact:
    Keith Gleasman
    CTO
    585-254-1100