MALÅ Geoscience, a global leader in the ground penetrating radar business, has hired Niclas Ingemarsson as new CEO. During the past 10 years, while based in the US, Mr. Ingemarsson has held several positions in international technology and software companies where he achieved outstanding growth and profitability improvements in operations. During six years as COO in water technology and software company Haestad Methods, Mr. Ingemarsson grew revenues four times. This was achieved through a combination of market and sales oriented activities as well as strategic acquisitions. Mr. Ingemarsson joins as CEO on September 1, 2008. Mr. Ingemarsson’s most recent position has been as COO in financial services company R Capital Advisors where he was responsible for capital formation of alternative investments, including the oil and gas sector.

- MALÅ Geoscience is an exciting company with tremendous potential. The owners’ long term commitment and focus on growth have also been important aspects when accepting the position as CEO, says Niclas Ingemarsson.

- With the right management and strategic positioning in the sector, MALÅ Geoscience should be able to both grow strongly and improve profitability. Niclas has an impressive track record from successfully managing growth and change in other businesses and we believe he is the right person to lead the company, says Peter Hjorth, CEO in Guideline Oil Drilling Technology.

For more information, please contact:
Peter Hjorth, CEO, Guideline Oil Drilling Technology AB, cell                +46-733 25 75 03         or E-mail: info@guidelinetechnology.com
Also see: www.guidelinetechnology.com and www.malags.com