Torvec Appoints Chief Technology Officer
27 Mars 2012 - 10:00PM
Richard A. Kaplan, Chief Executive Officer of Torvec, Inc. (OTCQB:
TOVC.OB), announced today that effective March 27, 2012, it has
engaged Dr. William Mark McVea, one of the world's foremost
drive-train and gear technology experts, as its Chief Technology
Officer. Dr. McVea received his Ph.D. in Engineering from Purdue
University and his degree in Mechanical Engineering from Rochester
Institute of Technology. He is President of KBE+, Inc. a group of
consulting engineers engaged in the design and development of gear
trains and power transmission devices. He also develops and
presents professional development seminars to practicing graduate
engineers, primarily working for tier-one suppliers to, or directly
for, international automotive manufacturers.
Joseph McMahon, Torvec's Vice-President of Engineering,
commented: "Dr. McVea has been working directly with me as a
consultant to Torvec for the last year and we have made great
strides using his services. I am excited he has accepted this
position. He is a world class engineer who has brought new
dimensions to our team."
Mr. Kaplan stated: "This adds a huge asset to us and I am
pleased that an engineer of Dr. McVea's stature and reputation
thinks so highly of our technology and our future potential that he
would close his successful business and join Torvec on a full time
basis. He will make a very significant contribution to our ultimate
success and we are delighted to have him on our engineering team as
our lead technology officer."
Dr. McVea, who will be moving to Rochester, stated: "I am
extremely excited about this opportunity. I believe Torvec's
technologies will be developed into world class products. We
have a wonderful team and a great future."
Dr. McVea's entire resume will be posted on Torvec's website,
www.torvec.com.
Forward-Looking Statements
This news release may contain forward looking statements
regarding Torvec's future economic performance and prospects that
are subject to risks and uncertainties. These risks and
uncertainties could cause actual results to differ from those
described in such statements. Such risks and uncertainties include
those described from time to time in Torvec's SEC reports,
including its most recent Annual Report on Form 10-K.
About Torvec, Inc.
Torvec, Inc. is a publicly traded company that develops and
markets advanced automotive and hydraulic power technologies. Its
IsoTorque® differential sets the bar for differential design. The
IsoTorque improves the traction, handling, performance and safety
of a vehicle without the need for complex electronics and clutches
that wear out. The Torvec hydraulic pump is a breakthrough in
hydraulic design, which delivers unsurpassed performance, all in a
package that is over 50% smaller and lighter than existing
technologies. For additional information, please visit
www.torvec.com.
CONTACT: Robert Fishback
(585) 254-1100
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