Blackwood, New Jersey June 22, 2004 -- Metrologic Instruments, Inc. (NASDAQ-NMS:MTLG), experts in optical image capture and processing solutions that design, manufacture and market sophisticated imaging and scanning solutions for a variety of applications, today announced the promotion of Benny Noens to the position of Chief Executive Officer and President of Metrologic effective immediately. Mr. Noens, who will also join Metrologics Board of Directors, succeeds C. Harry Knowles, who founded Metrologic in 1968. Mr. Knowles will continue to serve as Chairman of the Board.
Mr. Knowles said, This changing of the guard is a part of Metrologics long range strategy of building a solid basis for the Companys continued growth. Bennys promotion provides Metrologic with a new generation of leadership that we feel will continue our expansion of market share, markets, and sales and profits. Benny was selected from a talented group of excellent senior management. His proven record of intelligent leadership, integrity, sales growth in Europe and his handling of strategic acquisitions are impressive. I am both proud of Benny and confident in leaving our 36-year legacy under his leadership.
Mr. Noens, a 13-year Metrologic executive, stated, I am gratified with the confidence the Board and management of Metrologic has placed in me. My top priority is to continue the vision that Harry started over 36 years ago. Under his leadership, Metrologic has grown into the strong company it is today. He has built an outstanding management team, which will continue to run the daily operations. This is an exciting time at Metrologic and within the industry. Over the last several years, we have been able to achieve substantial growth in sales and profits while expanding our addressable markets and growing our market share. The majority of our growth has come organically. Our strength in engineering has led to new products, significant cost reductions and the expansion of our patent portfolio. Throughout this period of growth, our focus has been and will continue to be the customer. We will continue to attempt to meet their needs and surpass their expectations, by delivering quality products, offering outstanding service, and providing the best value in the industry.
During his tenure at Metrologic, Mr. Noens has held several senior management positions within the organization, including his most recent appointment to the position of Senior Vice President, EMEA Sales. Mr. Noens has also served as the Managing Director of Metrologic Instruments GmbH, the Companys subsidiary in Germany, since 1994. Under Mr. Noens direction, sales in the EMEA region have grown from approximately $3.5 million in 1991 to nearly $56 million in 2003. Mr. Noens has assembled a knowledgeable and experienced management team and built a successful sales organization in Europe, including the addition of subsidiaries in France, Spain, the United Kingdom, Italy, and the newest addition, Poland, which will open its doors early next month.
Prior to joining Metrologic, Mr. Noens worked from 1980 to 1991 with Data General Corporation, where he served in Latin America as Marketing and Distribution Manager. Prior to his employment at Data General, Mr. Noens managed a division of C.T. Janer Co., an import/export company located in Rio de Janeiro, Brazil.
Metrologic designs, manufactures and markets bar code scanning and high-speed automated data capture systems solutions using laser, holographic and vision-based technologies. Metrologic offers expertise in 1D and 2D bar code reading, portable data collection, optical character recognition, image lift, and parcel dimensioning and singulation detection for customers in retail, commercial, manufacturing, transportation and logistics, and postal and parcel delivery industries. In addition to its extensive line of bar code scanning and vision system equipment, the company also provides laser beam delivery and control systems to semi-conductor and fiber optic manufacturers, as well as a variety of highly sophisticated optical systems. Metrologic products are sold in more than 110 countries worldwide through Metrologic's sales, service and distribution offices located in North and South America, Europe and Asia.