"We welcome Kevin to SDI's executive team," commented Fran DiNuzzo, the Company's President and CEO. "Kevin comes to SDI with a wealth of knowledge and experience in lead financial roles, most recently in the life sciences arena. His various CFO positions have allowed him to work on a variety of strategic plans and financing deals. He will play a crucial role at SDI in helping us align our dynamic business focus with our financial strategy. As we continue to leverage our core technology platforms and emerge in the life sciences marketplace, we will look to Kevin to effectively maximize our financial resources and create value moving forward."
"I am thrilled to join the SDI team," added Mr. Bratton. "I look forward to guiding the Company financially as we refocus our strategic direction toward life sciences. Having worked at high growth companies in the past, I plan to establish financial plans that will allow SDI to best navigate our business development path and sustain growth."
As part of Mr. Bratton's employment arrangements, he will receive a nonqualified option to purchase 75,000 shares of common stock at an exercise price of $1.50, as well as 25,000 shares of restricted stock, subject to the terms set forth in grant agreements to be dated as of June 1, 2009. Both the option and the restricted stock vest in four equal annual installments, beginning on the first anniversary of the date of grant.
About Strategic Diagnostics Inc.
Strategic Diagnostics Inc. is a leading provider of antibody technology to the life science market place. Additionally, the Company provides biotechnology-based detection solutions for a broad range of food, water, agricultural, and environmental applications. By applying its core competencies of antibody and assay development,
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