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IRIS International Elects Rick Timmins To Board

January 6, 2010 (FinancialWire) — IRIS International, Inc. (NASDAQ: IRIS), a leading manufacturer of automated in-vitro diagnostics systems and consumables for use in hospitals and commercial laboratories worldwide, has elected Rick Timmins, a highly seasoned executive with more than 30 years of senior finance experience, to its board of directors and as a member of the audit committee, increasing the number of independent directors to seven.

Timmins is a former vice president-Finance of Cisco Systems, Inc. (NASDAQ: CSCO) and Motorola Inc. (NYSE: MOT). While at Cisco, from 1996 through 2007, he served in positions of increasing responsibility including Corporate Controller and vice president of Cisco Sales Finance, where he led a 400-person finance team for this $35 billion Dow Jones Industrial component company. Prior to Cisco, Timmins held various senior executive finance roles with Motorola, where he served last as vice president-Finance of Motorola Semiconductor MPU and MCU Groups, leading finance organizations which partnered with the largest parts of Motorola’s semiconductor group, including manufacturing, design, sales and marketing on a global basis. Before that, as vice president-Finance for Motorola Japan, he was responsible for all of Motorola’s finance functions in Japan at a time when revenues at Motorola Japan grew 13-fold to $2.3 billion from $180 million.

Timmins currently serves as a member of the board of directors and Lead director for Ultratech, Inc. (NASDAQ: UTEK), a $100 million leading supplier of lithography and laser-processing systems used to manufacture semiconductor devices. He is also chairman of Ultratech’s audit committee and is a member of its Compensation Committee. He also serves on the board of Treaty Oak Bank (OTCBB: TOAK), an independently operated bank in Austin, Texas with more than $115 million in assets.

Timmins, a Certified Public Accountant, received his Bachelor of Science degree in Accounting and Finance from the University of Arizona in 1973, and his Master of Business Administration from St. Edward’s University in June 1979, where he currently serves as a member of the Business School advisory board. He resides in Austin, Texas.

IRIS International is a leading global in vitro diagnostics company focused on products that analyze particles and living cell forms and structures, or morphology of a variety of body fluids.

Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at Recently issued reports and filings include Weatherford International Ltd. (NYSE: WFT), UQM Technologies, Inc. (AMEX: UQM), Panhandle Oil and Gas, Inc. (NYSE: PHX), Encore acquisition Company (NYSE: EAC), Altius Minerals Corp. (TSX: ALS), PKC Group Oyj (PLUS: PKC1V) and Standard Life Investments European Private Equity Trust PLC (LSE: SEP) (PLUS: SEP).

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