| Former Lockheed Martin Executive Joins Hi-G-Tek as Chairman of the Board |
Former Lockheed Martin Executive Joins Hi-G-Tek as Chairman of the BoardRockville, MD, December 5, 2007 -- Hi-G-Tek, a leading provider of a new highly intelligent generation of Pro-Active RFID solutions for high value cargo and sensitive materials, announced the recent appointment of Thomas Corcoran, former President and COO of Lockheed Martin's Electronic and Space Sector and current Senior Advisor at The Carlyle Group, as Chairman of the Board. Douglas Maine, former CFO at IBM, has joined Hi-G-Tek as Company Advisor, and Gerard Badorrek, was named Chief Operating Officer in addition to his role as Chief Financial Officer at Hi-G-Tek. "Hi-G-Tek's unique, highly intelligent RFID solutions platform is widely recognized by global customers as the right solution for improved security and real-time management of high-value cargo," said Tom Corcoran. "Hi-G-Tek delivers the most advanced RFID capabilities to enhance global business operations that not only enables accountability and security, but also allows customers to take immediate action during a potentially compromised operational transaction," said Doug Maine. Hi-G-Tek is experiencing exceptional demand for its products and solutions as order backlogs increased by 700% since the first quarter of 2007. "We are fortunate to have the industry experience and support of Tom Corcoran and Doug Maine to help the company through its high-growth period and to provide us with additional customer and partnership opportunities", said Larry Blue, CEO of Hi-G-Tek. # # # About Hi-G-TekHi-G-Tek, The Highly Intelligent RFID Solutions Provider, goes above and beyond traditional asset monitoring platforms with its Pro-Active line of RFID solutions. The company provides real-time information using patented remote sensing wireless technology to monitor high-value cargo while in-transit or at fixed locations. Hi-G-Tek's Pro-Active Visibility and Security solutions deliver precise and immediate information on logistics, business operations, and cargo condition. Hi-G-Tek's unique capabilities ensure visibility, security and value for valuable assets. For more information, go to http://www.higtek.com/. Media Contacts:
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