12/22/14 Salvo Technologies Appoints Patrick Bennetts To Advisory Board

March 27, 2015

Seminole, FL—Salvo Technologies LLC, a leading technology ­based private equity group, today announced the addition of Patrick Bennetts to its corporate advisory board. Mr. Bennetts is co­founder, president, and CEO of the Gulf Fiberoptics Group, a Florida-based, multi­company portfolio that engineers and manufactures fiber­optic products and solutions, primarily for the life sciences and photonics industries. Bennetts has a nearly 20 ­year history as an entrepreneur, starting businesses and shepherding them to success. His knowledge of the medical and photonics industries will help guide Salvo Technologies as it diversifies into its target markets of medical and scientific applications. “Pat understands what it takes to build a thriving technology­based organization, and how to help it grow and mature in these two very dynamic markets,” said John Dougherty, fellow board member at Salvo Technologies. “He and his team bring insights that will help us find new manufacturing partners and address current and emerging market needs.” In 1996, Bennetts and founding partner Christopher Kerns launched Gulf Fiberoptics, manufacturing optical fiber and assemblies for industrial machine vision and automated sensing applications. But as the industrial segment slowed, Bennetts seized the opportunity to expand into the medical instruments market. In 2001, Gulf Fiberoptics spun off a medical division, focused on medical instrument lighting for endoscopy, surgical headlights, and retractors. In 2009 Bennetts, along with partners Craig Vogeley and Christopher Bailey, launched Gulf Photonics, another segment of the business targeting fiber applications in the sensing, spectroscopy, and analytical instrumentation markets. In 2013, the Gulf Fiberoptics Group was one of only seven small businesses recognized by the State of Florida and presented with the Governor’s Export Achievement Award by Governor Rick Scott. In addition, Gulf Fiberoptics has 510(k) clearance from the US FDA and is ISO 9001 and ISO 13485 certified. Mr. Bennetts’ commitment to quality standards and experience with the process will complement the Salvo Technologies dedication to product quality and customer satisfaction. It will also help the company as it widens its presence in the medical marketplace. “I like to work with other companies that are growing and have potential, especially if I can use my experience to make a difference,” Bennetts said. “It all goes toward the bigger picture of succeeding as a team.” “Pat’s commitment to innovation and excellence matches our own,” said Patrick Bass, executive vice president of Salvo Technologies. “His experience with diversification will support our own strategic plan to roll out our technologies to new markets as we build our vertically integrated organization. We’re delighted to have Pat join the board.”

About Salvo Technologies LLC

Salvo Technologies LLC invests in and develops manufacturing companies serving the defense, security, medical, industrial, and commercial markets. From its inception in 2007, it has grown into an organization with global reach and manufacturing capabilities on multiple continents. Its four divisions provide a range of world­-class products including personal protective equipment; thick­ film coatings with high corrosion resistance; and high ­reliability electro­optical components like power management components, fire-control optics, and imaging solutions with an emphasis on multispectral and polarimetric systems. In addition, it has struck up a strategic alliance with Cross Industrial, a value-added distributor of electronic, optoelectronic, and optical components with a particular focus on high­ reliability markets. Salvo Technologies is a privately held company headquartered in Seminole, FL. For more information please visit www.Salvo-Technologies.com.

Contact:

Don Carroll

Business Development

Don@Salvo-Technologies.com

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