Xplore Names New Board Member
Xplore Technologies Corp. (OTCQB: XLRT) (“Xplore” or the “Company”), a manufacturer of award-winning rugged tablet PCs, announced today the addition of Kent A. Misemer to its Board of Directors, effective immediately. Mr. Misemer will replace Francis J. Elenio, who resigned from the Company’s Board of Directors on November 7, 2011.
Mr. Misemer has over 30 years of executive management experience in the propane industry supply chain as well as other industries. From 2003 through 2009, Mr. Misemer was the Chief Executive Officer and President of Liberty Propane, LLC, the second largest independent retail propane company in the United States. Liberty Propane, a portfolio company of Sterling Capital Partners, was sold in December, 2009. In addition to being a co-founder of Liberty Propane, Mr. Misemer was also involved in the creation of Propane Continental, Inc. and Tri-Power Fuels, Inc. as well as held various leadership roles in manufacturing entities. Mr. Misemer currently serves as a director and member of the audit committee of Cornerstone Records Management, LLC, a private data storage and offsite data management company, and a director of Pro-Tech Industries, Inc. (OTCQB: PTCK), a regional leader in design/build services for the Fire Life Safety, alarm/detection, electrical and voice/data communications infrastructure segments. Mr. Misemer will serve on Xplore’s audit committee.
“Kent’s exceptional experience with start-ups and high growth companies make him a great addition to Xplore’s Board of Directors,” stated Philip Sassower, Xplore’s Chairman and Chief Executive Officer. “We were happy to welcome Kent as a co-investor in the recent placement of Series D Preferred Stock, which demonstrates his commitment to Xplore and its success. I believe he will bring a fresh perspective to Xplore and will be in a position to add value from the beginning, especially in the solid execution of strategy and operations, as well as financial related matters. We are fortunate to have him on board. We also want to thank Frank Elenio for his dutiful service and for the contributions made to Xplore during his tenure.”
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