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Market Leader RedZone Robotics names new CEO to Drive Continued Growth After Year of Record Bookings Dec 08 2016

December 8, 2016
News & Events

Operationally Focused Leader to Execute on Strong Business Wins

PITTSBURGH, PENNSYLVANIA, December 8, 2016 — RedZone Robotics. (“RedZone” or the “Company”), a designer and manufacturer of wastewater inspection technologies and related analytical solutions for municipalities, contractors and engineering companies, today announced that Dan Yingst, current COO, will become the Company’s Chief Executive Officer. Since joining RedZone, Yingst has been responsible for the P&L and managing all Sales, Operations, Engineering and Development functions. As the COO, he has led the organization to double digit growth and has implemented the processes for future growth. He replaces existing CEO Mike Lach, who stepped in four years ago to redirect the Company’s growth strategy.

RedZone provides end-to-end visualization and analytics solutions for critical infrastructure asset management, focused on wastewater

“With an aging underground infrastructure, the pressures to prolong the life of our wastewater assets and maintain services will continue to create a bright future for RedZone.” said Yingst. “Our solutions start with autonomous and MSI robots that map, inspect physical infrastructure, and implement remote condition assessment programs. Together with our software asset management platform, our complete visualization and analytics solutions enable our clients to understand, plan and execute on asset management strategies in a cost-effective manner. We are pleased to have had so many recent wins and look forward to implementing these solutions to assist our customers with meeting their significant challenges”

Today’s wastewater managers are tasked with making critical decisions about their valuable collection system assets while being limited by insufficient technologies, time, funding, and resources. The EPA estimates that U.S. investments in the aging wastewater infrastructure will need to increase by more than $150 billion over the next two decades to maintain current service levels, unless new spending and operations practices are adopted. Communities need useful information that is accurate, complete, centralized, and standardized to help them understand their system. RedZone’s solutions provide actionable information required to make better decisions while reducing spending and negative environmental impact. RedZone accomplishes these results by providing world-class robotic sewer inspection technologies and sophisticated data-analysis software.

Prior to RedZone, Mr. Yingst had previous senior management positions within Siemens (OTCMKTS:SIEGY) for ten years. In his last role there he was the Vice President of Finance for Siemens Water Technologies where he established and led the organization’s financial operations in 48 countries, with full P&L responsibility. In this role, Mr. Yingst managed all financial and operational performance, established and implemented six global operational centers of excellence, and put in place key performance indicators to track and measure results. During this time, the organization achieved over 100% growth in orders, revenue and operating margin. He has specific experience in the U.S. and international water/wastewater market, has been involved in numerous international and domestic acquisitions and integrations and had a lead role in the development of a consolidated US entity focused on the industrial and municipal markets. Mr. Yingst holds a Bachelor of Science degree from Lebanon Valley College where he was a Presidential scholar.

RedZone serves customers globally spanning large and small municipalities and wastewater agencies, as well as regional and national engineering firms.