– USA, MA – Micron Solutions, Inc. (NYSE: MICR), a diversified contract manufacturing organization, through its wholly-owned subsidiary, Micron Products, Inc., producing highly-engineered, innovative components requiring precision machining and injection molding, today announced that effective June 4, 2019, Andrei Soran, currently a Director of the Company, was appointed Chairman of the Board of Directors. He brings over 20 years of experience as CEO in large healthcare organizations and has successfully led several turnarounds.
“I am delighted to further assist in building the Company towards greater growth.” With strong management and a promising pipeline of new projects, new products, and innovation, Micron is making progress towards profitability. “Mr. Chambers, in his role as Chairman, has provided great guidance and stewardship,” said Mr. Soran.
The Board thanks Mr. Jason R. Chambers for his service as the Chairman for the last three years. Mr. Chambers will continue as a Director of the Company.
The Company reports that it intends to close on the sale of two unoccupied buildings, and land, at its Fitchburg campus on or around June 30, 2019, with anticipated proceeds of $685,000.
Bill Laursen, President of the Company, stated, “This will provide an influx of cash which will be used to support this transformational phase of the business.”
About Micron Solutions, Inc.
Micron Solutions, Inc., through its wholly-owned subsidiary, Micron Products, Inc., is a diversified contract manufacturing organization that produces highly-engineered, innovative medical device components requiring precision machining and injection molding. The Company also manufactures components, devices, and equipment for military, law enforcement, industrial and automotive applications. In addition, the Company is a market leader in the production and sale of silver/silver chloride coated and conductive resin sensors used as consumable component parts in the manufacture of integrated disposable electrophysiological sensors. The Company’s strategy for growth is to build a best-in-class contract manufacturer with a specialized focus on plastic injection molding and highly-engineered medical devices and components requiring precision machining.
For more information: https://micronsolutionsinc.com
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