Visualant Names Ichiro Takesako to Board of Directors
Sumitomo Precision Products Manager of Business Development Fills Vacancy
Seattle, WA (PRWEB) April 08, 2013
Visualant, Inc. (OTCBB:VSUL) ) — an industry-leading provider of chromatic-based authentication, identification and diagnostic solutions with its proprietary ChromaID technology, today announced that Ichiro Takesako has been named to its Board of Directors. Mr. Takesako fills one of the vacancies created by the recent resignations of our long-term Japanese directors Dr. Masahiro Kawahata and Mr. Yoshitami Arai.
Mr. Takesako has held executive positions with Sumitomo Precision Products Co., Ltd (“SPP”) from 1983. He currently serves as General Manager of Business Development Department. Mr. Takesako graduated from Waseda University, Tokyo, Japan where he majored in Social Science and graduated with a Degree of Bachelor of Social Science. During his career at SPP, Mr. Takesako served executive positions with SPP subsidiaries in England and the United States. Mr. Takesako was appointed to the Board in connection with the Company entering into a Joint Research and Product Development Agreement with SPP on May 31, 2012 and recently extended through the end of 2013, the investment by SPP in the Company, and the Company and SPP entering into a License Agreement for selected Asian markets.
Marco Hegyi, Chairman of the Visualant Board of Directors stated, “We are very pleased to welcome Mr. Takesako to our Board. Our relationship with Sumitomo Precision Products has developed into a true partnership. Mr. Takesako´s participation on the Board will further strengthen our relationship with SPP as we move our ChromaID technology into the marketplace.”
About Visualant, Inc.
Visualant is a public company whose shares trade under the stock symbol, VSUL. The Visualant Spectral Pattern Matching technology directs structured light onto a substance, through a liquid/gas, or off a surface, to capture a unique ChromaID. When matched against existing databases, a ChromaID can be used to identify, detect, or diagnosis markers invisible to the human eye. ChromaID scanner modules can be integrated into a variety of mobile or fixed-mount form factors. The patented technology is disruptive, making it possible to effectively conduct analyses in the field that could only previously be performed by large and expensive lab—based tests.
Visualant has a Joint Development Agreement through December 31, 2013 with Sumitomo Precision Products Co., Ltd. (“SPP”), which focuses on the commercialization of the SPM technology and an ongoing License Agreement providing SPP with an exclusive license of the SPM technology in identified Asian territories. For more information, visit http://www.visualant.net.
Sumitomo Precision Products Co., Ltd. is publicly traded and has operations in Japan, United States, China, United Kingdom, Canada, and other parts of the world. Additional information on SPP is available at http://www.spp.co.jp/English/index2-e.html.
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