June 23, 2006, Valencia, CA. The Cicoil Corporation, a leading manufacturer of high performance cable assemblies, has been acquired by an investor group. The investor group is lead by Howard Lind, who is the incoming President and CEO of Cicoil. Mr. Lind has a successful background in building manufacturing companies in the motion control, military/aerospace, and equipment industries. As the President and part-owner of Bayside Motion Group, Mr. Lind has taken Bayside from a small gear company to one of the world's leading motion control companies. Most recently, Mr. Lind was the President and CEO of Win-Holt Equipment Group, based in Garden City, New York.
As per Mr. Lind: "I am very excited about the future opportunities at Cicoil. The company has a very strong fifty-year history, unique technology, and a blue chip customer base. Cicoil's high performance cable assemblies are used on virtually every aircraft currently flying, as well as many of the most demanding semiconductor, space, and medical applications. The company has a tremendous reputation for quality and performance, backed by an AS9100 certified quality system. Cicoil is a world-class company, with a strong foundation for future growth."
Peter and Tom Nogradi, the former owners of Cicoil, will remain with the company on a consulting basis. Tom Nogradi stated: "We are very excited to have someone of Howard's caliber and experience come on board to grow the business. Cicoil has a tremendous fifty-year history, and my father and I are very confident in Howard's ability to take the company to the next level."
Cicoil has been a leader in designing and manufacturing high performance cable assemblies for over fifty years. The company's unique silicon coated flat cables provide high flexibility, extremely long life, and they can withstand temperature extremes from -60 degrees to over 260 degrees Fahrenheit. Cicoil's cables are used in thousands of demanding applications, including aircraft fuel control cells, semiconductor automation, and the Space Shuttle. Cicoil designs and manufactures its cable and cable assemblies in an automated facility in Valencia, California. Cicoil's quality assurance system is certified to the AS9100 (ISO 9001) standard.
For information contact:
Mike Peterson - Vice President