SCIEMETRIC SHAREHOLDER UPDATE
Ottawa, Ontario, Canada-May 15th, 2009 | Sciemetric Instruments, a leading provider of assembly manufacturing quality systems, today announced that Trellis Capital Corporation has increased its holdings in Sciemetric.
"We strongly believe in the potential and prospects of Sciemetric because of its people and the economic benefits it's products bring to its customers in a host of industries. We are therefore happy to have increased our position in the company," said Sunil Selby, Managing Partner at Trellis.
"This move demonstrates Trellis's confidence in Sciemetric and our business strategy," said Nathan Sheaff, Founder and CEO of Sciemetric. "Trellis and our management team are completely aligned on our forward business goals and this development puts the company in a great position to pursue its strategy of growth and global expansion."
As part of the realignment, Mr. Selby has been appointed Chairman of the Board to ensure adequate representation and to offer his valuable expertise to Sciemetric executives.
"Sunil's expertise has been invaluable to the company, particularly in reaching new markets," said Mr. Sheaff. "We look forward to continue to work with him to meet our goals as we further penetrate the medical, auto/industrial and Indian markets."
For more information about Sciemetric and the company's management team, visit www.sciemetric.com
About Sciemetric Instruments
Founded in 1981, Sciemetric Instruments provides its manufacturing intelligence software and test platforms to companies around the world to detect and analyze manufacturing defects as they occur, improve quality, increase productivity and decrease costs across the entire production lifecycle. Headquartered in Ottawa, Canada, the company has its North American sales office in the U.S., European offices in the UK, and sales and support at its new office in India. For more information, please visit www.sciemetric.com