Former Director of Business Development for ITT Night Vision Joins Xenonics
CARLSBAD, Calif.--(Business Wire)-- XENONICS HOLDINGS, INC. (AMEX:XNN), a leader in high-intensity illumination and high-definition night vision technologies, announced today that Larry Curfiss, Vice President and Director of Business Development for ITT Night Vision from 2000 until his retirement in 2007, has been named a Consultant and Chairman of the Company's newly formed Advisory Board. "With its world-class illumination and high-definition night vision products, Xenonics has an outstanding growth opportunity. By assisting in the development of sales and marketing strategies and advising on the execution, I look forward to helping Xenonics achieve its full potential," Curfiss said. CEO Chuck Hunter said, "No one has more experience or enjoyed more success selling night vision equipment to military and commercial customers around the world than Larry Curfiss. In his years as head of business development at ITT Night Vision, Larry developed and implemented global sales and marketing strategies that contributed to a tripling of revenue to nearly $500 million annually. We are thrilled to benefit from Larry's knowledge and insights about our industry." Curfiss, 58 years old, was Vice President and Director of Commercial Products at ITT Night Vision from 1996 to 2000, Vice President an Director of Materials at ITT Night Vision from 1993 to 1996, and Director of Manufacturing at ITT Electro-Optical Products Division from 1986 to 1993. ITT Night Vision, based in Roanoke, Virginia, is the world's leading developer, producer and supplier of Generation (Gen) 3 image intensifier technology for U.S. and allied military forces, as well as homeland security. About Xenonics Xenonics Holdings, Inc. (AMEX:XNN) develops and produces advanced, lightweight and compact ultra-high-intensity illumination and low-light vision products for military, law enforcement, public safety, and commercial and private sector applications. Xenonics' NightHunter line of illumination products is used by every branch of the U.S. Armed Forces as well as law enforcement and security agencies. Its SuperVision high-definition night vision is designed for commercial and military applications. Employing patented technologies, Xenonics provides innovative solutions for customers who must see farther so they can do their jobs better and safer. Xenonics' products represent the next generation in small, high intensity, high efficiency illumination and low-light vision systems. Visit Xenonics on the web at www.xenonics.com. Forward-Looking Statements Except for the historical statements, statements in this release may constitute forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934. When used, the words "anticipates," "believes," "expects," "intends," "future," and other similar expressions identify forward-looking statements. These forward-looking statements reflect management's current views with respect to future events and financial performance and are subject to risks and uncertainties, and actual results may differ materially from the outcomes contained in any forward-looking statement. Factors that could cause these forward-looking statements to differ from actual results include delays in development, marketing or sales of new products, and other risks and uncertainties discussed in the company's periodic reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission. Xenonics Holdings undertakes no obligation to update or revise any forward-looking statements. Investor Contact: Berkman Associates, 310-826-5051 info@BerkmanAssociates.com or Company Contact: Xenonics Holdings, Inc. Chuck Hunter, CEO, 760-448 - 9700 xenonics@xenonics.com Copyright Business Wire 2008
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