William Silhan Appointed as Military Products Sales Agent and Technical Consultant to AVEC Corporation
DUBAI, United Arab Emirates, Jan. 24, 2012 /PRNewswire/ -- AVEC Corporation ("AVEC") (OTC Markets: AVEC.pk) announced today the appointment of William Silhan as Military Products Sales Agent and Technical Consultant.
William F. (Billy) Silhan founded and was President of Pinpoint Systems International in 1990 after beginning his professional career at the Grumman Aerospace Corporation. To capitalize on the emerging availability of the Global Position System, Pinpoint Systems International developed ruggedized Personal Computers (PC's) and Displays and developed the associated moving map software with a specific maritime target market. These markets included recreational boating, commercial shipping and military applications. Mr. Silhan grew the Pinpoint Systems International brand by organic growth in founding SoftChart International, a digital mapping, charting and geodesy (MC&G) manufacturing facility as well as key acquisitions of the InfoNav Corporation of St John's Newfoundland, and the CAPN of Bangor, Maine. To further leverage the MC&G capabilities Mr. Silhan founded iMaps, and internet based mapping service and its subsidiary Aeroplanner.com which provided online flight planning services for civil and military aviation.
In 1993 Pinpoint Systems International was approached by the United States Department of Defense to deploy GPS / Moving Map technologies for its Special Forces units. In 1993 Pinpoint Systems International was rebranded as Tactronics Holdings with Mr. Silhan becoming its President, to focus on the emerging military opportunities. Tactronics, under Mr. Silhan's leadership, then developed the network centric warfare architecture that is employed still today by the United States, United Kingdom, Australian and Danish militaries.
Tactronics quickly became the leader in delivering ruggedized network centric warfare integrated solutions for fixed and rotary wing aircraft, maritime craft and ground mobility platforms. Tactronics designed and manufactured computers, displays, video control / distribution products, vehicle electronics (vetronics), communications, Ethernet switches and gateways as well as application specific interface modules. Tactronics, through its Pittsburgh, Pennsylvania software development facility, also developed mission specific software integrating dissimilar sensors, systems and subsystems on a common Ethernet backbone to provide a common operational picture (COP).
As Tactronics' success grew, global special operation forces (SOF) began to view Tactronics as key problem solvers to key technical areas critical to their mission success.
In 1998 Billy Silhan founded and was President of the National Airborne Surveillance Systems (NASS) and Global Surveillance Group (GSG). These companies focused on developing and providing classified turnkey solutions to global special mission units.
In 2006 Mr. Silhan founded ArmorStruxx International and its wholly owned subsidiary NovaStruxx International. Mr. Silhan served as Chief Technology Officer for both. ArmorStruxx international provided composite armor products for the US and European military vehicle providers in a capacity constrained environment. The composite armor solutions as produced by ArmorStruxx were delivered to OEM vehicle manufacturers for programs including MRAP, M-ATV and STRYKER top name a few. In addition, NovaStruxx developed and produced advanced uni-directional materials suitable for armor as well as commercial industry such as wind turbines, commercial transportation, sporting goods and hardened building construction.
In February 2007 Mr. Silhan recapitalized Tactronics Holdings raising significant capital from private equity. He took on the role of Chief Technology Officer for all operating entities. In February 2011 Mr. Silhan fulfilled his contractual obligations to Tactronics Holdings.
Samuel Higgins, CEO, stated, "It is rare to have someone with the mix of knowledge and experience that Mr. Silhan does and we are honored to have him join us in the sales and development areas of our technologies where he is extremely accomplished."
About AVEC Corporation AVEC Corporation (AVEC) is a global solutions provider that owns, develops, and invests in several key sectors including Green Energy, Information Technology, Medical and Bio Medical as well as Mineral Resources where special situations are discovered. AVEC also licenses revolutionary market-ready and profitable technologies, which are shown as vital for military, industrial and commercial uses in a wide variety of industries around the world.
Safe Harbor Statement This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, among others, all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward- looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results of the Company to differ materially from those anticipated, expressed or implied in the forward-looking statements. The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those anticipated include risks related to new and existing products, product defects and any related product recall; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in China; any statements of belief or intention; any of the factors and risks mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2007 and any subsequent SEC filings. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
For further information, please contact:
Samuel Higgins, Chairman
AVEC Corporation
[email protected]
SOURCE AVEC Corporation
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