Latest news with #DistinguishedPublicServiceMedals
Yahoo
4 days ago
- Business
- Yahoo
Eric Evans, Ph.D., Appointed Chair of AFFOA's Board of Directors
The non-profit, Manufacturing USA Institute, focused on revitalizing America's textiles industry through advanced technologies and manufacturing innovation, welcomes a new Chair of the Board at a critical time in US manufacturing. CAMBRIDGE, Mass., June 17, 2025 /PRNewswire/ -- Advanced Functional Fabrics of America (AFFOA) is pleased to announce that Dr. Eric Evans has been appointed as the new Chair of the AFFOA Board of Directors. Dr. Evans brings a wealth of experience and knowledge in defense technology and innovation to AFFOA, positioning the organization for continued leadership in the field of advanced textiles. Dr. Evans has a distinguished career spanning over three decades, where he has been at the forefront of research and development for new defense systems and technology. Evans served as the Director of MIT Lincoln Laboratory for 18 years from 2006 to 2024, where he led significant advances across many national security mission areas, making him a natural fit for the challenges and opportunities that lie ahead for AFFOA. He is now a Professor of Practice and Senior Fellow at MIT campus. "We are honored to welcome Dr. Evans as our new Chair," said Dr. Sasha Stolyarov, CEO of AFFOA. "His extensive expertise in defense innovation and his commitment to fostering collaboration between academia, industry, and government will be invaluable as we continue to push the boundaries of what is possible in functional fabrics technology and manufacturing." As Chair of AFFOA, Dr. Evans will help lead the organization in its mission to accelerate the development and commercialization of advanced textile technologies that integrate electronics, sensors, and other advanced functionalities. Under his guidance, AFFOA aims to enhance the capabilities of the U.S. workforce and drive economic growth through innovation in textile technology and advanced manufacturing processes. "I am honored to take on this role at such a pivotal time for AFFOA," said Dr. Evans. "I look forward to working with the very talented team at AFFOA to create new textile and technology capabilities for both defense and civilian applications." Dr. Evans officially assumed his position as Chair of AFFOA's Board of Directors on May 1, 2025. The organization is excited about the direction and vision he will bring to its initiatives and partnerships, and looks forward to his leadership in shaping the future of advanced textiles. Dr. Evans has received two Distinguished Public Service Medals from the Secretary of Defense for his leadership of MIT Lincoln Laboratory and the Defense Science Board. He is a Fellow of the IEEE, a Fellow of the AIAA, and a member of the National Academy of Engineering. About AFFOA AFFOA is a non-profit, public private partnership and one of the Manufacturing USA Innovation Institutes headquartered in Cambridge, MA. AFFOA's mission is to "Rekindle the domestic textiles industry by leading a nationwide enterprise for advanced fiber & fabric technology development and manufacturing, enabling revolutionary system capabilities for national security and commercial markets." Learn more at Contact:Joshua RapozaDirector of CommunicationsAFFOAPhone: (508)558-6682Email: jrapoza@ View original content to download multimedia: SOURCE AFFOA
Business Wire
02-06-2025
- Business
- Business Wire
Almonty Industries Appoints U.S. National Security and Defense Logistics Leader Alan Estevez to the Board of Directors
TORONTO--(BUSINESS WIRE)-- Almonty Industries Inc. (TSX: AII) (ASX: AII) (OTCQX: ALMTF) (Frankfurt: ALI) ('Almonty' or the 'Company'), a leading global producer of tungsten concentrate, is pleased to announce the appointment of Alan Estevez to its Board of Directors, effective May 30, 2025. Mr. Estevez is a nationally recognized authority in national security, defense logistics, and strategic trade. From 2022 to 2025, he served as Under Secretary of Commerce for Industry and Security, where he led U.S. efforts to curb adversarial military advancements by restricting access to sensitive technologies, particularly in China and Russia. Previously, he held senior roles within the U.S. Department of Defense, including Principal Deputy Under Secretary for Acquisition, Technology & Logistics, where he oversaw defense acquisition and supply chain operations. Mr. Estevez also advised Fortune 500 companies on logistics transformation during his tenure at Deloitte Consulting. He has received numerous honours for his public service, including three Department of Defense Distinguished Public Service Medals, the Presidential Rank Distinguished Executive Award, and the Service to America Medal. Lewis Black, Chief Executive Officer of Almonty Industries, commented: 'We are pleased to welcome Alan to the Board at a pivotal moment for Almonty. His deep expertise in national security strategy, defense logistics, and export controls—gained through decades of public service and leadership within the U.S. government—brings significant strategic value. Alan's firsthand experience in acquisition, contracting, and supply chain operations will be especially relevant as we advance our position as a key allied supplier of tungsten. His appointment aligns with our recently signed offtake agreement with a U.S. defense contractor to supply tungsten oxide exclusively for American defense applications. We look forward to benefiting from his insights as we continue building long-term, sustainable value for our shareholders.' About Almonty Almonty Industries Inc. is a diversified and experienced global producer of tungsten concentrate in conflict-free regions. The company is currently mining, processing and shipping tungsten concentrate from its Panasqueira mine in Portugal. It's Sangdong tungsten mine in Gangwon Province, South Korea, is currently under construction. The Sangdong mine was historically one of the largest tungsten mines in the world and one of the few long-life, high-grade tungsten deposits outside of China, and has significant upside potential from an underlying molybdenum deposit. Additional development projects underway include the Valtreixal tin/tungsten project in northwestern Spain and Los Santos Mine in western Spain. Further information about Almonty's activities may be found at and under Almonty's profile at Legal Notice The release, publication, or distribution of this announcement in certain jurisdictions may be restricted by law, and therefore, persons in such jurisdictions into which this announcement is released, published, or distributed should inform themselves about and observe such restrictions. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information Certain information in this press release constitutes forward-looking information. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology such as "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology. Forward-looking information or statements in this press release include matters relating to the quantity of tungsten oxide to be purchased under the Offtake Agreement and the price at which such purchases will be made, the applications in which the purchased tungsten oxide will be used, the processing of the tungsten oxide, the time at which deliveries are expected to commence, the term of the Offtake Agreement and the anticipated benefits of the Offtake Agreement for Almonty. These statements and information are based on management's beliefs, estimates and opinions on the date that statements are made and reflect Almonty's current expectations. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Almonty to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: any specific risks relating to fluctuations in the price of ammonium para tungstate ("APT") from which the sale price of Almonty's tungsten concentrate is derived, the risk that the Offtake Agreement may be terminated in accordance with its terms before the end of its initial term, actual results of mining and exploration activities, environmental, economic and political risks of the jurisdictions in which Almonty's operations are located and changes in project parameters as plans continue to be refined, forecasts and assessments relating to Almonty's business, credit and liquidity risks, hedging risk, competition in the mining industry, risks related to the market price of Almonty's shares, the ability of Almonty to retain key management employees or procure the services of skilled and experienced personnel, risks related to claims and legal proceedings against Almonty and any of its operating mines, risks relating to unknown defects and impairments, risks related to governmental regulations, including environmental regulations, risks related to international operations of Almonty, risks relating to exploration, development, production and operations at Almonty's tungsten mines, the ability of Almonty to obtain and maintain necessary permits, the ability of Almonty to comply with applicable laws, regulations and permitting requirements, lack of suitable infrastructure and employees to support Almonty's mining operations, uncertainty in the accuracy of mineral reserves and mineral resources estimates, production estimates from Almonty's mining operations, inability to replace and expand mineral reserves, uncertainties related to title and indigenous rights with respect to mineral properties owned directly or indirectly by Almonty, the ability of Almonty to obtain adequate financing, the ability of Almonty to complete permitting, construction, development and expansion, and challenges related to global financial conditions. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to, no material adverse change in the market price of APT, the continuing ability to fund or obtain funding for outstanding commitments, no negative change to applicable laws, the ability to secure local contractors, employees and assistance as and when required and on reasonable terms, and such other assumptions and factors as are set out herein. Although Almonty has attempted to identify important factors that could cause actual results, level of activity, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, level of activity, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and even if events or results described in the forward-looking statements are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, Almonty. Accordingly, readers should not place undue reliance on forward-looking statements and are cautioned that actual outcomes may vary. Investors are cautioned against attributing undue certainty to forward-looking statements. Almonty cautions that the foregoing list of material factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on Almonty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Forward-looking statements are made as of the date of this press release. Except as required by applicable securities laws, Almonty does not undertake any obligation to publicly update any forward-looking statements.
