Henry Bros. Electronics Announces Management Changes

Henry Bros. Electronics, Inc., (Amex: HBE) a turnkey provider of technology-based integrated electronic security solutions, today announced the appointments of John P. Hopkins as Chief Financial Officer and Brian Reach as Chief Operating Officer.

Mr. Hopkins, who replaces Philip Timpanaro as Chief Financial Officer, brings more than 25 years of executive-level experience in accounting and finance from a variety of companies in the life sciences, chemical and technical instruments industries. Most recently he served as Chief Financial Officer for Measurement Specialties, Inc. (Nasdaq: MEAS), a leading global designer and manufacturer of sensors and sensor-based systems.

Previously, Mr. Hopkins served as the VP of Finance and Controller for Cambrex Corporation, a $500 million global supplier of products and services to the life sciences industry and manufacturer of fine chemicals. Earlier experience includes a variety of key positions at ARCO Chemical Company, including program manager of finance organization reengineering, assistant treasurer, assistant controller, manager of SEC and government reporting and senior analyst.

Philip Timpanaro, the Company's current Chief Financial Officer, will assume the responsibilities of Corporate Controller.

Brian Reach, who currently serves as Vice Chairman of Henry Bros., has been appointed as the Company's new Chief Operating Officer, replacing Irvin Witcosky. Mr. Reach became a member of the Board of Directors in February 2004. He previously served as the Chief Financial Officer for Globix Corporation, IPC Information Systems, Inc., Celadon Group, Inc. and Cantel Medical Corp. and has a wide range of corporate finance, restructuring and governance experiences. Mr. Reach has lead financing efforts to raise over $1 billion during his career.

Mr. Witcosky will retain his title and role as President of HBE. He will continue day-to-day management of sales and marketing and will remain as a member of the Board of Directors.

Commenting on the changes, James Henry, Chief Executive Officer of Henry Bros. Electronics, said, "Philip and Irv have played an integral role in establishing Henry Bros. as one of the industry's leading systems security integrators. Our long-standing customer base and strong track record of growth have been supported by their strong contributions over the years. Now, as we enter new levels of growth for Henry Bros., our reshaped management team places us in a strong position to support projects of significantly greater size to further build upon our success to date.

"We are excited about the wide-ranging experience that both John and Brian bring to our executive team while benefiting from the continuity of experience from Irv and Phil. While Brian has been a key driver to Henry Bros.' growth over the past two years, John brings a new wealth of management, finance and control experience to the Company. We believe that taken together, this new leadership team will provide an excellent opportunity for Henry Bros. to expand upon its existing strategy and take the business to the next level."

About Henry Bros. Electronics, Inc.

Henry Bros. Electronics (Amex: HBE) provides technology-based integrated electronic security systems, services and emergency preparedness consultation to commercial enterprises and government agencies. The Company has offices in California, Texas, Arizona, Colorado and New Jersey.

For more information, visit http://www.hbe-inc.com.

Safe Harbor Statement: Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained under the heading of risk factors listed in the Company's filings with the U.S. Securities and Exchange Commission. Henry Bros. Electronics Inc. does not assume any obligation to update the forward-looking information.

Investor Contacts:

Todd Fromer / Erika Levy Kay James Henry, CEO

KCSA Henry Bros. Electronics, Inc.

212-896-1215 / 212-896-1208 201-794-6500

tfromer@kcsa.com / ekay@kcsa.com jhenry@hbe-inc.com

Author:  

Email:    

Topic:    

Content:

Related Articles

• The United States 9th Circuit Court Selects ColumbiaSoft's Document Locator for Affordable Electronic Document Management
  2 August 2006



• Bud Industries Management Reaches Fourth Generation; Josiah Haas Joins as National Sales Manager
  2 August 2006



• Nam Tai Electronics, Inc. Announces Planned Changes to the Board of Directors
  2 August 2006



• NEC Electronics and NEC Unveil Innovative System-in-Package Technology
  2 August 2006



• How Often Do Electronics Enthusiasts Check E-Mail? 48.3% of Affluent Users Report Checking 'Continuously'
  2 August 2006



• Directed Electronics, Inc. Announces Second Quarter 2006 Conference Call
  2 August 2006



• Nam Tai Electronics, Inc. Announces 2006 Second Quarter Results
  1 August 2006



• ASM International Announces Succession of Management of ASM Pacific Technology
  31 July 2006



• Power Efficiency Corporation Joins Leading Motor, Motor Drive and Appliance Manufacturers in Prestigious Motor and Electronics Research Consortium
  31 July 2006



• Henry Bros. Electronics to Report Second Quarter 2006 Results on August 7, 2006
  31 July 2006