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Capital investment and management re-structure launches a new era for Stonewood’s FlagStone product development and electronic manufacturing capability

Dorset, UK, 25 June 2007

Incoming Stonewood CEO, Brendan Forster, has today introduced significant working capital and a new and experienced senior management team into Stonewood.

In addition to Forster, a private investor with over 12 years experience as a senior Director at Telecoms and Retail success story, the Carphone Warehouse Group: new Sales & Marketing Director Grant Gutteridge (ex Integralis Retail CEO) and Chief Financial Officer Ronan O’Donnell (ex Baltimore Technologies) are appointed to the Exec board.

The exec team will be assisted by an experienced duo of non-exec directors from various industry disciplines. Stephen Scott (a business-growth specialist and currently Commercial Director at Global Marine) and David Moss (Senior Partner at legal firm Kingsley Napley).

Forster enthused about the potential of the Stonewood group, “In the FlagStone Range (the hardware Data-at-Rest encryption solution), we have a world leading product and a unique development team”, whilst also indicating where investment will be focused, “Our own products and those of our valued customers are intrinsically tied to our in-house electronic manufacturing capability. We aim to invest significantly in this area to achieve a customer ‘Wow factor’ by exceeding on delivery and quality expectations”.

Outgoing CEO and founder Peter Western, who will continue to actively support Stonewood in a consultancy role, commented, “This is superb news for Stonewood, I am confident that the investment and the experience of the management team will create a stronger group capable of exploiting the many opportunities available and I’m thrilled about being a part of this success going forward”.

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The Stonewood product offering comprises -

FlagStone Range of fully Encrypted Hard Drives

A unique Data-at-Rest security solution for consumer, commercial and government clients. FlagStone Hard Drives provide enhanced protection by combining advanced authentication and continuous encryption and decryption of data.

FlagStone storage solutions are also accredited to military and government standards, providing protection for a range of data security classifications up to Top Secret.

Stonewood EMS

Stonewood Electronic Manufacturing Services (EMS) was established in 1995. Customers include: UK Government, MoD, e-security, and industrial and commercial electronics companies.

The Stonewood EMS function is security cleared to design and manufacture equipment for the UK Government and the Ministry of Defence. This high level of security clearance coupled with the wealth of design and production expertise within the Stonewood EMS team delivers customer choice and confidence. Stonewood EMS can undertake discreet stages of the production cycle and can present end-to-end bespoke solutions from design through to manufacture and testing.

Stonewood Audio

Stonewood Audio professional intercom systems are used in diverse settings from theatres and concert halls to airports and secure units. These in-house developed systems enable both inter-communication between personnel and mass-communication; facilitating announcements to large audiences.

Stonewood Audio design, produce and distribute products worldwide, providing solutions for the Marine, Offshore and Industrial industries.

Our expert team have been involved in the Audio industry since 1977, bringing a wide knowledge base and vast experience to the division.

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Katherine Nicol, Head of Marketing, Stonewood
Phone: +44 1929 55 44 00
Fax: +44 1929 55 25 25
URL: http://www.stonewood.co.uk
Email: knicol@stonewood.co.uk

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