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Cantronic Systems Inc.: Cantronic Appoints New Chief Financial Officer

^{Published on 2009-09-15 05:34:03 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 15, 2009) - Cantronic Systems Inc. ("Cantronic") (TSX VENTURE:CTS) is pleased to announce the appointment of Ms Susan Liu to the position of Chief Financial Officer. The appointment takes effect immediately.

"We are delighted to welcome Ms Susan Liu to Cantronic's management team. In implementing the aggressive growth strategy, we are confident her experience in financial management involving Canada, USA, and China will help Cantronic executing our growth strategy," said Mr. James Zahn, president and chief executive officer of Cantronic Systems Inc. "Her experience with companies involving multiple subsidiaries in China and her understanding of both North American and Chinese accounting standards will benefit Cantronic greatly in implementing its growth strategy primarily focusing on China."

Prior to joining Cantronic Systems Inc., Ms Susan Liu was the CFO for China Education Alliance Inc. (NYSE-Amex: CEU) which had about six operating subsidiaries in China. During her time as CFO, China Education Alliance Inc. succeeded in moving from OTCBB listing to NYSE-American listing and exhibited significant market cap increase. Ms Liu graduated with a Bachelor of Economics major in Business Accounting from An Hui Finance and Trade University in China in 1985 and has worked in finance, accounting, and investment fields since then in both China and Canada.

Ms Liu replaces Jason Leung who has resigned his position as Interim CFO to pursue other interests. We thank him for his contribution and wish him all the best.

About Cantronic

Cantronic manufactures, distributes, and provides training and services in the fields of infrared vision and video security surveillance technologies, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security and surveillance application.

Cantronic holds a valid medical device manufacturing license and is a manufacturer and distributor of its fever scan thermal imaging camera systems which has been widely deployed in public facilities such as airports, railway stations, and border crossings worldwide during the SARS (Avian/Bird Flu) outbreak in 2003 as well as during the Swine (H1N1) Flu pandemic in 2009.

Cantronic, through its US subsidiary QWIP Technologies, Inc. ("QWIPTECH"), holds a worldwide, exclusive license from the California Institute of Technology ("Caltech") to produce and sell infrared detectors and sensors based on Caltech's Quantum Well Infrared Photodetector technology.

Cantronic, through its China subsidiaries Cantronic Security Systems (China) Co. Ltd., Beijing Advanced Videoinfo Technology Co. Ltd. ("AVINFO") and Shenzhen Huanghe Digital Technology Co. Ltd. ("Yellow River"), provides digital networked video surveillance solutions to government and corporate customers in China.

Cantronic is a Tier 1 issuer on the TSX-V exchange, trading under the symbol CTS. For further information about Cantronic and QWIPTECH, please visit our websites at [ www.cantronics.com ] and [ www.qwip.com ].

TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the contents of this news release.