PlasmaSol Corporation appoints new CEO 

PlasmaSol Corporation, a Stevens Institute of Technology Technogenesis® company, incubated at the Stevens campus and licensed to commercialize non-thermal plasma technology developed by Stevens scientists, announced today the appointment of Frank M. Shinneman as President and CEO. Shinneman replaces Kurt Kovach who left the company in April to pursue other interests.

Mr. Shinneman, 53, has more than twenty-five years of international experience leading entrepreneurial manufacturing companies. He was the founding president of Nanodyne Incorporated, one of the first nano materials companies, which he later sold to Umicore, one of its strategic partners. Most recently Mr. Shinneman was the interim President and CEO of Moltech Corporation, where he directed the Chapter 11 restructuring of an advanced lithium battery developer and manufacturing subsidiary.

"I am delighted to welcome Frank to PlasmaSol," said Arthur E. Imperatore, Sr., Chairman of the Board of PlasmaSol. "He brings a proven track record of growing successful companies that create value for customers and shareholders."

As President and CEO, Mr. Shinneman will be responsible for commercializing the proven sterilization technology demonstrated by the company. "PlasmaSol has shown tremendous potential to deliver improved medical sterilization systems and to ensure the safety of the second-hand air we breathe at work, in hospitals, planes, cars and other indoor areas," commented Mr. Shinneman. "I'm excited about the broad range of applications for this revolutionary plasma technology and the potential benefits it can offer its customers in the marketplace."

About PlasmaSol

PlasmaSol Corporation, founded in 2000 by faculty and graduates of Stevens Institute of Technology, is the leading developer of advanced non-thermal plasma systems for medical and air sterilization. The company plays a significant role in developing protection against bio-terror attacks through government sponsored research and has earned the Thomas Alva Edison Award, Most Innovative Product Award and Environmental Company of the Year Award. For more information, visit www.plasmasol.com.

About Stevens Institute of Technology

Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.

Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,150 undergraduate and 3,500 graduate students, with about 250 full-time faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.  

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