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PRESS RELEASES

2002
John Boodée to Head Materials Handling Division
KFGI Delivers RFID Conveyors to Logan Airport

2003
Synthetic Low-Voltage Conveyor System Announced
KFGI Introduces Synthetic Tilt-Tray Sorter
Shaftkeeper Introduced for Worn Conveyors
Patent Awarded for Non-Metallic RFID Conveyors
KFGI Closes Initial $1.1 Million Funding Round

2004
FKI Logistex Wins McCarran RFID Project
KFGI Announces $1.5 Million B-Round
KFGI Acquires Globe Rubber Works Assets
GCS Awarded contract for New Attack Submarines

2005
GCS Awarded Massachussetts Training Grant
GCS Receives Metroplex Leadership Award
GCS Hires Matt Koenig to Head Marine Products
GCS Awarded Federal Technology Training Grant

2006
Dr. Wang to Lead Polymer Technologies
GCS Unveils Non-Metallic RFID Roller Conveyor
Haresh Patel Joins Globe As Director of Manufacturing Operations




March 28, 2006 Press Release

GLOBE COMPOSITE SOLUTIONS HIRES DR. XIU J. WANG AS DIRECTOR OF POLYMER TECHNOLOGIES

20-Year Veteran to Accelerate Company’s Efforts to Develop and Commercialize Advanced Composite Materials

Rockland MA, March 28, 2006 – Globe Composite Solutions, Ltd. (www.globecomposite.com) announced today that Dr. Xiu J. Wang has accepted the position of Director of Polymer Technologies for the Dallas-based advanced composites parts manufacturer. In the capacity of Director, Dr. Wang will be responsible for developing new materials and technologies to support Globe’s goal to remain at the forefront of formulating and producing cost-effective, high-performing composite alloyed materials for military and industrial applications.

Dr. Wang has 20 years of experience in a wide variety of polymer-based sciences including developing polymer blends, composites, alloyed materials, compound formulation, processing and characterization. Dr. Wang also has expertise in a wide spectrum of thermoplastic and thermoset elastomers, fluoroplastics, polyolefins, engineered and high-performance polymers. He was most recently the Technical Director at Modern Dispersions, Inc. where he led the development of several new products, including semi-conductive materials, bipolar conductive composites for Proton Exchange Membrane (PEM) fuel cell applications and thermally conductive and unique Positive Temperature Coefficient (PTC) composites.

“We are extremely fortunate to find someone of Xiu’s broad expertise to lead our research and development efforts at Globe," said Carl W. Forsythe, President and CEO of Globe. “Since we have experienced a tremendous growth in the demand for even more specialized materials from our customers, Xiu is the perfect choice given his team-oriented leadership style and impressive track record for developing and commercializing a broad spectrum of composite products.”, he added.

Dr. Wang holds a Doctorate in Plastics Engineering from the University of Massachusetts (Lowell), a Masters in Chemical Engineering from Ohio University (Athens, OH) and a BS in Polymer Science from Dalian University of Science and Technology (Dalian, China). Dr. Wang and his wife, Hua Cai, reside in Acton, MA with their daughter, Yifei. He will begin at Globe on April 10.

About Globe Composite Solutions, Ltd.
Globe Composite Solutions, Ltd. is a privately held designer and manufacturer of composite-based products utilizing advanced materials and processes. The company provides turnkey research, design and manufacturing services for prototype and full-scale production needs and holds numerous patents related to composite materials and material handling products. The company’s research & development, manufacturing and assembly operations are located in Rockland, MA and its executive offices are located in Dallas, TX.

Contact:
Carl W. Forsythe
Phone: 781-871-3700 Ext. 203
Fax: 781-871-6631
Email: cforsythe@globecomposite.com


 
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