President and CEO of Hi-G-Tek, A Pratt Alumnus, Assembled Executive Team

December 15, 2006

Source: PRNewswire

Hi-G-Tek, a leading developer and provider of radio frequency ID (RFID) solutions for high-value assets and sensitive materials, has assembled an executive team with decades of combined management experience and an impressive list of advanced technology expertise to its credit.

Larry A. Blue who was appointed the new President and Chief Executive Officer of Hi-G-Tek, has assembled a U.S. executive team that combines seasoned veterans, with entrepreneurial company builders who have taken former start-ups and taught them how to scale for long-term success. Blue has nearly 30 years' management experience with radio frequency (RF) and microprocessor technology.

Mr. Blue earned his B.S. and M.S. degrees in electrical engineering from Duke University and holds two U.S. patents.

Most recently, Blue was Vice President and General Manager of the RFID Tag Sector of Symbol Technologies (formerly Matrics, Inc.). From 2004 through early 2006, he directed that unit's growth from $4 million to $30 million plus.

"Hi-G-Tek is enjoying an unprecedented growth spurt," Blue said in a statement. "With the recent $10 million capital infusion we received, we are able to move full speed ahead to pursue our core applications of RFID technology in our primary markets."

The two venture-capital firms that have financed Hi-G-Tek, Inc. are Battelle Ventures, L.P. and L Capital Partners.

Blue added that Hi-G-Tek has just launched several promising initiatives to highlight the company's leading-edge technological innovations.

"The biggest key to our next phase of growth is the technical competence and capable leadership of our new management team," he said.

For more information, please go to www.higtek.com.