IDS Solar Technologies Changes Name to IDS Industries and Appoints COO
Change Highlights Expansion Into Broader Energy Storage and Battery Management Fields
(firmenpresse) - LAKE ELSINORE, CA -- (Marketwired) -- 06/10/13 -- Effective May 29th IDS Solar Technologies, Inc. (OTCQB: IDST) changed its name to IDS Industries, Inc. The new name reflects the direction and focus of the Company more accurately given the full slate of products in advanced development including battery management and the energy storage fields. The name change will take effect immediately on June 10, 2013 with the OTC securities markets and the trading symbol will remain IDST.
Another key development is the appointment of Scott Plantinga as the Chief Operating Officer (COO) of IDS Industries. In addition to his duties as Vice Chairman of the Board, Mr. Plantinga will now oversee operations of all business units with an emphasis on supply management, process control and channel development. Mr. Plantinga also serves as CEO of Installing Dealer Supply, Inc., IDS Industries' assembler of portable solar electric generators and other products.
Mr. Plantinga, a certified Six-Sigma manager, brings a 20-year record of achievement in operations and manufacturing, culminating in a senior position in Berkshire Hathaway-owned Nylok, a company servicing the aerospace, electronics, industrial, and automotive industries. Prior to Nylok, he held plant manager or general manager positions at Saturn Fasteners, Freedman Seating Co., US Plastic Lumber, and KI (formerly Krueger International), where he consistently posted recognized improvements in product quality, reliability, and profitability. A certified manufacturing engineer, Mr. Plantinga received a BS from the School of Technology at Purdue University with an emphasis on Operations Management and Industrial Engineering.
"Optimal performance of today's advanced storage chemistries depend on battery management solutions with sophisticated features rather than commercial-off-the-shelf products," stated Bruce Knoblich, Founder, Chairman and CEO of IDS Industries. "The significant growth predicted for the energy storage field provides us with numerous opportunities to deploy our design and technical resources in delivering proprietary products of great value."
For more information about the Company or to become a dealer for IDS Solar Technology products, please visit the Company's web site at .
IDS Industries is a GIIRS-rated designer, developer, manufacturer, and seller of portable renewable electric generators for use by consumers, industry, government, and emergency management relief worldwide as well as a developer of a line of specialized battery management and control electronics for lithium iron phosphate and other advanced chemistry batteries. Advantages of renewable over fossil-fuel portable power include lower operational cost, superior reliability, greater sustainability, and expanded utility due to zero exhaust and quiet operation.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and those statements are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
Patrick Gaynes
Growth Capital Partners
(310) 989-5666
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Datum: 10.06.2013 - 07:00 Uhr
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