To supplement LaserBond's executive resources to effect these strategic projects the Board has appointed current non-executive chairman, Allan Morton, as Executive Chairman for a short period, commencing July 2015. With extensive change management experience, leading transitions in industrial business environments, Allan will take the lead role in establishing and consolidating the new operating divisions over the coming months. He is also guiding the changes associated with LaserBond's marketing and corporate identity.

The Board is confident that the divisional restructure, R&D investments of fiscal year 2015 and recent personnel appointments will initiate a new growth phase for LaserBond's 23 years of surface engineering knowledge, proficiency and capability.