Seprotech Systems Incorporated

Seprotech Systems Incorporated

October 12, 2005 08:58 ET

Seprotech Board of Directors Appoints New Chief Executive

OTTAWA, ONTARIO--(CCNMatthews - Oct. 12, 2005) - The Board of Directors of Seprotech Systems Incorporated (TSX VENTURE:SET) announced that today it appointed Martin J. Hauschild to the position of President and Chief Executive Officer and a Director. Dr. Gilles R. Turcotte resigned as CEO and as a Director as an initial step towards retirement. He will remain with the company as a part-time consultant to ensure a smooth transition in the management of the company.

Mr. Hauschild has twenty years of experience in the environmental technology sector. He has served as an Engineering Officer in the Canadian Forces as well as a senior executive in several environmental companies. Mr. Hauschild has been with Seprotech since 2002 as Executive Vice President for Business Development. "I am very excited about taking on this important position," said Mr. Hauschild. "Seprotech has a range of tremendously exciting technologies, an exceptionally qualified and motivated staff and I am looking forward to driving this company forward to its next level of growth."

Dr. Turcotte will be assisting Mr. Hauschild with the management transition as well as to complete a certain number of projects in his consulting role. "The last six years with Seprotech have been very rewarding," said Dr. Turcotte. "This is a long period of time for any Chief Executive to serve and I am proud of what we have accomplished in the restructuring and positioning of this business. I've worked closely with Mr. Hauschild over the last three years and my role is now to help him make this transition as smooth as possible."

"The Board of Directors of Seprotech Systems would like to thank Dr. Turcotte for his hard work and tremendous efforts in bringing the company to this stage of its evolution," said Mr. Justin Connidis, Chairman of the Board. "Gilles led the company through a challenging merger and acquisition process and a demanding product development phase and we are grateful for all of his efforts."

Seprotech is a provider of pre-engineered water and wastewater treatment plants to the land development, industrial, resource and military market places, including membrane-based water treatment systems and the ROTORDISK® biological wastewater treatment systems.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. Certain statements in this news release may contain forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors that may cause the actual achievements to differ materially from those expressed in the forward-looking statements. Seprotech does not assume responsibility for the accuracy and completeness of the forward-looking statements and do not undertake any obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Contact Information

  • Seprotech Systems Incorporated
    Mr. Robert J. Searle
    Chief Financial Officer
    (613) 523-1641
    (613) 731-0851 (FAX)