RAE Systems Promotes Michael Ownby to Vice President of Finance and Chief Compliance Officer for China Operations
SAN JOSE, CA, November 3, 2008 - RAE Systems Inc., a leader in delivering innovative sensor solutions to serve industrial, energy, environmental, and government safety markets worldwide, announces the promotion of Michael Ownby to Vice President of Finance and Chief Compliance Officer - China Operations,effective November 1, 2008.
"We are pleased to promote Mike to this vital new position overseeing financial and regulatory compliance for the company's China operations," said Robert Chen, RAE Systems president and chief executive officer. "The company is undertaking significant steps to strengthen its world-wide regulatory compliance programs and Mike's promotion is an essential step in the company's commitment to this effort."
Mr. Ownby will be based in Beijing. He continues to report directly to Randy Gausman, RAE Systems chief financial officer. Ownby joined RAE Systems in 2005 and most recently served as treasurer and corporate secretary responsible for corporate banking, internal audit, insurance, Sarbanes-Oxley compliance, and financial planning and analysis. Prior to joining RAE Systems he founded MRO's Strategic Services, co-founded DBA Capital Advisory Services, and held executive positions at General Signal Corporation, Entre Computer Centers, Reuters Laboratories, and International Paper. Ownby holds a Bachelor of Science in Business Administration with a major in Accounting from the University of Tennessee and is a licensed certified public accountant.
About RAE Systems
RAE Systems is a leading global provider of rapidly deployable sensor networksthat enable customers to identify safety and security threats in real time. Products include multi-sensor chemical detection, wireless gas detection, and radiation monitoring networks for energy production and refining, industrial and environmental safety, and public and government first responder security sectors. RAE Systems' products are used in over 85 countries by many of the world's leading corporations and by many U.S. government agencies. For more information about RAE Systems, please visit www.RAESystems.com.
Bob Durstenfeld, RAE Systems Investor Relations Officer
bdurstenfeld@raesystems.com408-952-8402
RAE Systems, Inc., 3775 North First Street, San Jose, CA 95134 United States
