SOLON, Ohio, May 7 /PRNewswire-FirstCall/ -- Fiberstars, Inc., (NASDAQ:FBST), the global leader in energy efficient lighting, today promoted Eric Hilliard to Chief Operating Officer. A general management professional with more than 12 years of experience, Hilliard will take the lead in managing Fiberstars' day-to-day business activities worldwide. His appointment as COO further strengthens Fiberstars' executive team and enhances the company's ability to meet the growing demand for energy efficient EFO products. He will report directly to CEO John Davenport.
"I'm pleased to announce Eric's promotion to Chief Operating Officer," said John Davenport, CEO of Fiberstars. "Eric brings invaluable experience and knowledge of operations, finance, sales, and management to the role. In the past six months Eric has done a great job driving manufacturing efficiencies. We're looking forward to him bringing his skills to the company as a whole." "I can personally stand behind Fiberstars' mission to provide high quality, energy efficient lighting and am honored to be a part of the executive team," says Eric Hilliard, newly appointed COO of Fiberstars. "In my new position as Chief Operating Officer, I look forward to leading Fiberstars' team to its highest potential." Prior to joining Fiberstars, Hilliard was the Business Manager for the composite flight structures business, responsible for all products sales and assets with the Aerospace Business of Saint Gobain, a large multinational corporation. In this role, he had full P&L responsibility, improving gross margins through fixed overhead cost reductions and increasing top line sales through a focused sales strategy based on listening to the "voice of the customer." Previously, Eric was Operations Manager at Goodrich Aerospace where his responsibility focused on plant management ensuring all products processed maintained the high ISO and Aerospace quality certifications required for the aerospace industries. Hilliard has also held a variety of management and operations positions at companies such as Chemical Lehman and HJ Heinz and served a tour of duty as an Operations Specialist with the United States Navy during Persian Gulf combat actions.
About Fiberstars, Inc.
Fiberstars, Inc., is the leading supplier of fiber optic lighting and the world's only supplier of EFO(R), a lighting technology which is more efficient than conventional electric lamps. Fiberstars products are designed, manufactured and marketed for the commercial lighting, sign and swimming pool, and spa markets. Fiberstars fiber optic lighting provides energy savings, aesthetic, safety and maintenance cost benefits over conventional lighting. Customers include supermarket chains, retail stores, fast food restaurants, theme parks and casinos, hotels, swimming pool builders, spa manufacturers and many others. Company headquarters are located at 32000 Aurora Rd., Solon, OH 44139. The Company has additional offices in Pleasanton, CA, New York City, the United Kingdom and Germany. For more information, see http://www.fiberstars.com/.
Safe Harbor Statement Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding the business outlook for EFO systems with Cloverleaf optics, and the benefits and customer expansion potential involving EFO. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Actual results may differ materially from the results predicted. Risk factors that could affect the Company's future include, but are not limited to, the slowing U.S. and world economy and its effects on Fiberstars' markets, failure to develop marketable products from new technologies, failure of EFO or other new products to meet performance expectation. For more information about potential factors, which could affect Fiberstars, financial results, please refer to Fiberstars' SEC reports, including its Annual Report on Form 10-K for the year ended December 31, 2005, and its quarterly reports on Form 10-Q. These forward-looking statements speak only as of the date hereof. Fiberstars disclaims any intention or obligation to update or revise any forward-looking statements. DATASOURCE: Fiberstars, Inc.
CONTACT: Alanna Gino of Antenna Group, +1-415-977-1918, for Fiberstars Web site: http://www.fiberstars.com/
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