Timothy Feeney Joins SemiNex Board of Directors

Peabody, Mass. - SemiNex Corporation announces the appointment of Timothy Feeney, Founder of HF Management Group, to its Board of Directors.

"Tim was one of the first people I went to for advice over 10 years ago while founding SemiNex," said SemiNex President and Chief Executive Officer David Bean. "We're very excited to have him join us in an official capacity as we enter new stages of growth."

Feeney, 49, is a seasoned finance and accounting professional with over 25 years of diversified experience within fast-paced growth-oriented organizations with particular emphasis on mergers, acquisitions & spin-offs, strategic planning and forecasting. In 2004, Feeney started HF Management Group, now a leading retailer/wholesaler of wireless service & products throughout New England. His responsibilities included all strategic development, sales, accounting and finance functions of the business. From 1996 to 2004, Feeney served in various senior finance positions, including Chief Financial & Administrative Officer for Aspeon, Inc., Vice President of Finance for Jeepers! Inc., and Vice President of Finance for DAKA International. While in these capacities, Feeney successfully implemented strategies to improve operational efficiency, cash flows and profits.

Feeney began his career with Deloitte, LLP serving in various audit capacities from 1987 to 1993, including audit manager. A graduate of Bentley University with a degree in accountancy and management, Feeney is an active participant within his community serving as Personnel Board, Chair, Finance Committee member (2005-2010) and Soccer Board member (2007-2014).

"Joining the SemiNex board represents a full-circle experience for me going back to when David and I first discussed the company's business plan," shared Feeney. "David has done an incredible job developing and cultivating a well respected global business. I look forward to working with David and the entire SemiNex team."

In addition to Timothy Feeney, SemiNex's Board of Directors includes Michael Marsh, Principal at Marsh Career and Business Coaching; Greg Smith, President of CIV; Rod Van Sciver, retired President of TimberTech Co; and David Bean, founder, President, and CEO of SemiNex.

About SemiNex:

SemiNex Corporation designs and manufactures high-power semiconductor lasers for use in military, and medical, and industrial applications. SemiNex's unique product designs enable lasers with high powers and improved thermal performance. SemiNex diode technology dramatically lowers the cost per watt of laser power, especially compared to alternate technologies such as sold-state lasers and fiber lasers.

Company Contact:

Neal Stoker
VP Sales and Marketing
978-326-7703
nstoker@seminex.com