Stambaugh Named VP of Engineering
FlyBack Energy Names Mark Stambaugh Vice President of Engineering
Industry Veteran to Lead Product Development
Spokane, Washington, October 11, 2011 – FlyBack Energy®, the market leader in magnetic energy recovery, announced Mark Stambaugh has been promoted to Vice President of Engineering. Stambaugh will direct the company's engineering efforts and oversee the continuing R&D for the Company.
"I am delighted to have Mark join the FlyBack executive team," said John Overby, President & CEO. "Over the past year he has proven his ability to meet deadlines and enable innovative solutions from the research and development team resulting in cost reductions and new applications of our patented technology. His excellent leadership, business acumen and engineering experience will further strengthen the executive team and help us to scale our business on a global level."
Stambaugh brings more than 30 years of progressive leadership and expertise in R&D linked to billions of dollars in revenue with large national
corporations such as Hewlett Packard/Agilent Technologies and Texas Instruments. Stambaugh has repeatedly identified and implemented areas for improvement that will significantly reduce development times while maintaining quality. He is also a technical author and recipient of nine U.S. patents.
About FlyBack Energy, Inc.
FlyBack Energy, Inc. develops and markets a suite of energy efficient products based on patented breakthrough Magnetic Energy Recovery (MER) technology. This technological advance dramatically improves the conservation of electricity in inductive electrical circuits and equipment. Initial markets are commercial and industrial for lighting and small motor applications. The intelligent Lighting Energy Saver (iLES) L8000 solution, announced earlier this year, is modular, scales easily, mitigates energy use issues such as harmonics, EMI, excessive heat and others, and answers the energy conservation and optimization needs of organizations across many business segments.
FlyBack
Energy is located in Spokane Valley, WA. Additional information about the
company can be found at www.flybackenergy.com.