BRIDGEVILLE, Pa., May 2, 2011 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq:USAP) announced today that Vijay N. Madi, Ph.D., has been named to the position of Chief Technology Officer effective May 2, 2011. In this position, Dr. Madi will significantly strengthen the Company's technical support to customers as well as to provide the metallurgical expertise critical for its process improvement effort and product expansion strategy. Dr. Madi will lead the metallurgical process development at Universal Stainless and will oversee all Company laboratory qualification and capability testing and analysis.
Dr. Madi, 52, holds a Ph.D. in Metallurgical and Materials Engineering from Illinois Institute of Technology and an M.S. in Metallurgy and Metal Forming Technology from the Indian Institute of Technology, and a B.S. in Metallurgical Engineering from the University of Mysore. He most recently served as Manager, Process Technology Research, for AK Steel Inc in Middletown, OH, a post he held since 1999. Prior to 1999, Dr. Madi was employed by ARMCO where he held various senior positions including Senior Staff Engineer and Manager, Steel Technology.
Dennis Oates, Chairman, President and Chief Executive Officer, commented: "Vijay Madi is a welcome addition to the Universal Stainless team. Beyond his strong credentials, Vijay brings extensive knowledge of steel processing and broad experience in solving internal and customer quality issues. We look forward to his contribution as we continue to execute our strategic growth plan."
About Universal Stainless & Alloy Products, Inc.
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The Company's products are used in a variety of industries, including aerospace, power generation, petrochemical and heavy equipment manufacturing. Established in 1994, our experience, technical expertise, and dedicated workforce stand committed to providing the best quality, delivery, and service possible. More information is available at .
Forward-Looking Information Safe Harbor
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with the receipt, pricing and timing of future customer orders, risks associated with significant fluctuations that may occur in raw material and energy prices, risks associated with the manufacturing process, labor and production yields, risks related to property, plant and equipment, and risks related to the ultimate outcome of the Company's current and future litigation and regulatory matters. Certain of these risks and other risks are described in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.
CONTACT: Dennis Oates Chairman, President and CEO (412) 257-7609 Douglas McSorley VP Finance, CFO and Treasurer (412) 257-7606 June Filingeri President Comm-Partners LLC (203) 972-0186
