Interview with: Robert G. Sandness, President and CEO - featuring: their precision laser-based templating, inspection, marking and engraving solutions for industrial material processing.

Virtek Vision International Inc. (VRK-TSX)

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Virtek Vision International dominates several key markets with their strong portfolio of industrial laser systems and achieves growth and profitability through continued product development and dedicated customer service



Technology
Laser Manufacturing Systems
(VRK-TSX)

Virtek Vision International Inc.




Robert G. Sandness
President and CEO

Interview conducted by:
Lynn Fosse, Senior Editor
CEOCFOinterviews.com
June 1, 2006

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“It might not be obvious that we are dominant in a lot of markets; that is very powerful and gives us a continuous revenue stream and a solid position in those markets. We also have a good portfolio of intellectual property; Virtek is fortunate to have about 17 patents now and more patents pending. This intellectual property is something that differentiates us from our competitors. In our PCI (prefabricated construction industry) division, we have an exclusive distributorship with one other company for the next 3 or 4 years for that particular product area, which prevents other companies from entering. Most investors are not aware of this when they look at Virtek. The other thing they are not aware of when they first look at the company is the large number of blue chip customers we deal with and the listed aerospace customers.”

“My vision when I became CEO was fairly clear because the company, which was a laser company back in the late 90’s, had transformed itself into a mixture of laser and biotechnology. My vision was to turn it back into a pure laser processing company and to grow its size. At that point Virtek was only earning about $22 million Canadian and with a publicly traded company, $22 million in size did not make any sense. Therefore the vision was to take it from being a small, non-profitable mixed-mode type of company to being a pure play laser processing company a little more significant in size.” - Robert G. Sandness