From: ASAP
FRISBY TECHNOLOGIES INC. (NASDAQ – FRIZ), the developer of patented COMFORTEMP® materials, the leading brand of dynamic climate control materials, today announced that Carlo Tunioli has been appointed to the board of directors of Frisby Technologies. Tunioli, president of Fin.part USA since September 2001, has overall responsibility for the marketing and operations of all of Fin. Part’s brands in North America, including Cerruti, Cerruti Jeans, Henry Cottons, Maska and Moncler. Fin.part USA is a sister company to Finpart International S.A., ("Finpart") a significant stockholder of Frisby Technologies.
Tunioli has been in the apparel business for more than 20 years. From 1989 to 2001, Tunioli was an executive with Benetton Group S.p.A., and most recently served as executive vice president of Benetton USA. At Benetton, Tunioli was instrumental in turning the United Colors of Benetton, Nordica, Prince, Rollerblade and Killer Loop names into leading consumer brands. Prior to joining Benetton, Tunioli worked for apparel manufacturer Esprit de Corp., one of the world’s hottest apparel labels during the 1980s.
"I clearly see the potential of COMFORTEMP materials within a broad range of consumer and industrial markets, and Finpart has already begun using the material in its Moncler skiwear line," said Tunioli. "As an active board member, I look forward to assisting management in helping the company streamline its operations, better position its products and more effectively deliver its brand message to consumers for the benefit of all stockholders."
Greg Frisby, chairman and chief executive officer of Frisby added, "We are gratified that Finpart has decided to protect its strategic investment by appointing one of its senior executives to our board. Carlo is a proven leader, is very respected and a well-connected executive that can provide Frisby with immediate and much-appreciated guidance and assistance."
Tunioli replaces Pietro Motta, a director of Frisby since 1997, who resigned from the board. The current board remains at seven members.
Frisby Technologies Inc. is a global leader in the development of dynamic thermal management solutions for the apparel, footwear, sporting goods, packaging, home furnishings, healthcare and electronic industries. COMFORTEMP insulating and cooling foams, fabrics, nonwovens, leathers and gels can be found in more than 1000 products from over 120 of the world’s leading brands such as Timberland, Polo RLX, FootJoy, Schoeller Textil, Orvis, Sealy, Spyder, Sure Foot Corporation, Wolverine, Puma, LaCrosse and Rocky. For more information, contact Frisby Technologies Inc. at 877-444-COMFORT, visit www.comfortemp.com or join the Frisby electronic news distribution list by sending your email address to investors@frisby.com.
Fin.part S.p.A. is a $400 million publicly-held Italian holding company based in Milan and traded on the Milan Stock Exchange. The Fin.part companies are active in the fashion business, namely in haute couture and high-end ready-to-wear, casual wear and luxury textiles. Fin.part owns a controlling interest in the fashion house Cerruti and owns the brands Maska, Henry Cotton's, Marina Yachting and Moncler, as well as the luxury household linens group Frette. Additionally, the company produces the Cerruti Jeans line.
C° , the degree symbol, COMFORTEMP, DCC and The Ultimate Degree of Comfort are trademarks or registered trademarks of Frisby Technologies Inc. (NASDAQ: FRIZ).
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