ThermoCeramix Corporation
TSX VENTURE : TCX

ThermoCeramix Corporation

March 02, 2015 07:00 ET

ThermoCeramix Announces Appointment of New Chief Financial Officer and Chief Operating Officer

MONTREAL, QUEBEC--(Marketwired - March 2, 2015) - ThermoCeramix Corporation ("ThermoCeramix" or the "Company") (TSX VENTURE:TCX), a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions, announced today the appointment of Alexandre Paris to the position of Chief Operating Officer of the Company. The Company also announced the appointment of Shaun Parmar to the position of Chief Financial Officer, replacing current Chief Financial Officer, Joseph Mah. Mr. Mah, who has served as the Company's Chief Financial Officer since March 31, 2014, will continue with the Company, working closely with Mr. Parmar.

Mr. Paris served as Chief Operating Officer of ThermoScience Enercoatings Inc., a subsidiary of the Company, until it was amalgamated with ThermoCeramix effective January 1, 2015. Mr. Paris has over 20 years of experience in operations management and he holds a Bachelor of Engineering degree from the École Polytechnique de Montréal. For additional information regarding Mr. Paris, please see the Company's "Filing Statement" dated March 26, 2014 filed under the Company's SEDAR profile at www.sedar.com.

Before joining the Company, Mr. Parmar was an independent business consultant, prior to which he was the Group Director, Mergers and Acquisitions and Business Development of Bharti Enterprises Limited, one of India's largest business houses. Before this, Mr. Parmar held a number of increasingly senior management positions with leading Canadian companies such as Canada Steamship Lines Inc., Canadian Pacific Railway, BCE Inc., Bell Canada International Inc., Telesystem International Wireless Inc. and Gildan Inc., where he was Vice-President, Business Development and Corporate Treasurer. Mr. Parmar has over 24 years of experience in financial management and he holds a Bachelor of Science degree from the University of Toronto, a Master of Business Administration degree from York University and is a Chartered Professional Accountant.

Mr. Louis Desmarais, Chief Executive Officer of the Company, commented: "I am delighted to welcome Mr. Parmar to the ThermoCeramix team and that Mr. Paris will continue to be a part of the team in this new, expanded capacity. On behalf of the board, I would also like to thank Mr. Mah for his contributions to ThermoCeramix and look forward to his continued support."

About ThermoCeramix

ThermoCeramix Corporation (TSX VENTURE:TCX) is a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions. The Company's patented and proprietary TCX™ heating technology uses thermally sprayed heaters applied as a coating directly to almost any profile and material that requires heat. The technology is energy-efficient, scalable, and adaptable to almost any size and shape. The Company holds a strong and broad intellectual property portfolio of over 25 patents. The Company's strategy is to commercialize one application of its technology platform through the development, production and sales of a unique electric indoor-outdoor grill, then license the technology for numerous additional consumer, commercial & industrial applications. For more information, please visit the Company's web site at www.thermoceramix.com.

Caution Regarding Forward-Looking Information

Certain information set forth in this press release may contain "forward-looking statements" or "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein may constitute forward-looking statements. Any such forward-looking statements may be identified by words such as "will", "expects", "anticipates", "contemplates", "believe", "projects", "plans", "to be" and similar expressions. Any such statements are not guarantees of future performance and undue reliance should not be placed on them. Any such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that any such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. For more information relating to risks which may cause the Company's actual results to be different from expected and historical results, please see the Company's "Filing Statement" dated March 26, 2014 filed under the Company's SEDAR profile at www.sedar.com.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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