Fort Lauderdale, May 23, 2005 – SWANTECH Inc, a leading provider of advanced machine healthcare monitoring solutions and analysis services, today announced that former Siemens executive Ralph Genesi has joined the company as president and chief executive officer.Mr. Genesi has amassed a broad background in international operations, M&A, sales, strategic marketing, and information systems. He brings more than 28 years of experience to the company and is a recognized as a leading voice in the field of industrial process systems and enterprise information management software. “At SWANTCH, I have a unique opportunity to work with an experienced, professional team of technologists and industrial operations people who share my vision to transform the way companies look at, measure and evaluate their asset management programs using condition-based monitoring,” Genesi said. “I became part of this team because SWANTECH’s applications are truly predictable solutions and far superior to any competing products. It is a differentiating technology for the detection of bearing and gear damage as well as determining lubrication effectiveness. It is essentially a computerized stethoscope.”Most recently, Mr. Genesi was the CEO of NewEnergy Associates LLC, a subsidiary of Siemens. He simultaneously served as vice president and general manager of the Siemens Power Generation, Global Power IT business with operating facilities in the USA, Germany and the United Kingdom. During his tenure at NewEnergy Associates and Siemens Genesi’s organization provided global power and energy companies with professional consulting services, fleet asset management & decision support systems, trading and risk management, strategic planning and analytical software application tools and solutions.Prior to Siemens, Mr. Genesi was president of Spectris Technologies, Inc., a diversified industrial products, systems and services company with solution consisting of sound & vibration and condition monitoring systems, industrial mechanical measurement and weighting systems, and analytical instrumentation. He has successfully held executive positions at EDS, Honeywell and Texas Instruments. Mr. Genesi is a graduate of Fairleigh Dickenson University with a Bachelor’s degree in Electrical Engineering and has completed several modules in Harvard’s Business School Executive Program. About SWANTECHFounded in 1998, Ft. Lauderdale-based SWANTECH is a leading designer, manufacturer and marketer of industrial ultrasonic diagnostic systems that accurately evaluate the operating health of industrial machinery. SWANTECH's proprietary, patented and field-tested Stress Wave ANalysis (SWAN™) technology is revolutionizing the global condition monitoring market by providing a cost-saving machine defect detection solution that is replacing traditional vibration-sensing and lubrication solutions that have existed for over 25 years. SWANTECH offers solutions to predict and avert failure for all types of rotating machinery through its product suite, including SWANguard™, SWANview LX™, and SWANexpert™. For more information, visit the company’s Website at www.swantech.com.
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