NILES, IL--(Marketwire - Oct 31, 2012) - MFRI, Inc. (NASDAQ: MFRI) Board of Directors is pleased to announce the election of David S. Barrie to serve on its Board of Directors effective November 1, 2012.
Mr. Barrie, age 60, served Eaton (NYSE: ETN) and a predecessor company with progressive responsibilities in law, internal audit, corporate development and operational management in the U.S. and abroad, from 1984 to 2009. He is Principal of Barrie International, LLC, providing strategic and operational consulting to senior management of companies in the United States and international locations. He is also a Senior Executive Advisory Board member of Brown, Gibbons, Lang & Company, a middle market investment banking firm and Board member of MegaJoule Storage, Inc., an advanced battery and capacitor development company.
Mr. Barrie received his Bachelor of Arts degree from Kenyon College in 1974 and Juris Doctor in law from Cornell University in 1978.
David Unger, Chairman and CEO of MFRI, said: "We are very pleased to add Dave to the MFRI Board. His broad range of domestic and international experience will be a great asset to our company as we continue expanding our businesses here in the US and around the world. I look forward to his thoughtful advice and counsel as part of our talented Board team."
MFRI, Inc. is a multi-line company engaged in the following businesses: pre-insulated specialty piping systems for oil and gas gathering, district heating and cooling and other applications; custom designed industrial filtration products to remove particulates from dry gas streams; industrial process cooling equipment to remove heat from molding, printing and other industrial processes; and installation of heating, ventilation and air conditioning for large buildings.
Statements and other information contained in this announcement which can be identified by the use of forward-looking terminology such as "anticipate," "may," "will," "expect," "continue," "remain," "intend," "aim," "should," "prospects," "could," "position," "future," "potential," "believes," "plans," "likely," "seems," and "probable," or the negative thereof or other variations thereon or comparable terminology, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 as amended and are subject to the safe harbors created thereby. These statements should be considered as subject to the many risks and uncertainties that exist in the Company's operations and business environment. Such risks and uncertainties include, but are not limited to, economic conditions, market demand and pricing, competitive and cost factors, raw material availability and prices, global interest rates, currency exchange rates, labor relations and other risk factors.