SOURCE: Seegrid Corp.

June 30, 2008 07:00 ET

Seegrid Corporation Appoints Mark Faurie as CFO

PITTSBURGH, PA--(Marketwire - June 30, 2008) - Seegrid Corporation (www.seegrid.com), the premier provider of industrial mobile robots for the material handling industry, today announced the appointment of Mark Faurie as the company's Chief Financial Officer (CFO).

Faurie brings to Seegrid more than 15 years of corporate accounting, income tax, treasury and administrative management experience coupled with a strong Big 4 public accounting background. Most recently as CFO at Solar Power Industries, Inc., Faurie directed the finance, accounting and corporate tax functions. Previously at Rapidigm, Inc., where Faurie served as Treasurer, VP of Corporate Development and Board Member, he was instrumental in professionalizing the treasury, finance, accounting and administrative aspects of the IT services consulting firm as well as in leading the company through acquisitions.

Earlier in his career, Faurie spent 13 years at Ernst & Young, where he directed audit engagements for companies primarily in the manufacturing, healthcare, mining and distribution industries.

"I am pleased to add another high-caliber executive to our company. As CFO, Mark completes our management team," said Scott Friedman, Seegrid co-founder and CEO. "Mark's impressive background and experience in all financial and accounting functions will serve Seegrid well."

About Seegrid Corporation

Seegrid (www.seegrid.com) brings a new class of affordable industrial mobile robots to the material handling industry that operate reliably and safely in dynamic warehouse, distribution and manufacturing environments. Seegrid's robots differ from today's AGVs (Automated Guided Vehicles) in that the company's IMR technology is the first to provide early-stage capabilities of autonomous robot behavior with Sense, Move, Analyze, Interact and Repeat capabilities. The result -- AGV-like competence but with greater flexibility at a considerably lower cost. IMR-enabled robots provide WalkThroughThenWork™ capabilities, providing an operator with the ability to simply and easily instruct the robot along a desired path, adding behaviors such as horns and stop stations, usually in minutes. Seegrid robots literally come straight off the truck; an operator quickly inputs the path and the robots are immediately productive.

Contact Information

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