The Board of Vigilant Technology ("Vigilant"), the Aim-listed company, which designs and manufactures sophisticated, "intelligent" solutions for the high-end CCTV security and surveillance market, will hold an EGM on 18 September 2006, at which it proposes that the shareholders should appoint Ofer Bar-ner and Oshri Shilo to the board of directors as independent non-executive directors, as defined by Israeli company law.
Ofer Bar-ner (41), currently Finance Director of the Israeli, FTSE listed company BATM Advanced Communications, has over 13 years experience within the technology sector. Ofer joined BATM in 1999 and additionally, he spent nearly three years in Boston as President of Telco Systems, BATM's US subsidiary, running all BATM's US operations. Prior to this he was CFO of Silver Arrow LP, a subsidiary of Elbit Systems and EL-OP.
Oshri Shilo, (39) is currently corporate financial controller of Advanced Vision Technology Ltd (AVT), the world's leading provider of machine vision-based automatic optical inspection systems for the printing industry. Oshri has substantial business experience in accounting and finance, together with expertise in the IPO process. Prior to joining AVT in 1998, Oshri was a senior auditor with one of the top five accounting firms in Israel.
Moshit Yaffe-Blushinksy, Chief Executive Officer of Vigilant Technology, commented:
"Both Ofer and Oshri have considerable experience from within the technology sector. They will bring an added dimension to the board with their expertise and experience gained from their positions in leading Israeli companies. We look forward to their contributions to the management and future success of Vigilant Technology".
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