SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported): February 25, 2004
SONEX RESEARCH, INC.
(Exact name of registrant as specified in Charter)
Maryland 0-14465 52-1188993
(State or other (Commision file (IRS employer
jurisdiction of number) identification no.)
incorporation)
23 Hudson Street, Annapolis, MD 21401
(Address of principal executive offices)
(410) 266-5556
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
ITEM 5. - OTHER EVENTS AND REGULATION FD DISCLOSURE
On February 25, 2004, the Registrant issued the following announcement over the
newswire and posted it on its website (www.sonexresearch.com):
SONEX HIRES PRESIDENT
ANNAPOLIS, MARYLAND, February 25, 2004 - SONEX RESEARCH, INC. (OTC BB: SONX), a
leader in the field of clean burn combustion technology, announced it has hired
Mr. Roger D. Posey to fill its vacant President position.
Prior to joining Sonex, Mr. Posey held management and operational leadership
positions with CSX Transportation, Inc., Noise Cancellation Technologies Inc.,
and Tenneco Automotive Inc. throughout his 30 years in the marketplace. More
recently Mr. Posey personally directed a successful turnaround of a large
privately held metals manufacturing company which realized exponential growth.
In addition, Mr. Posey has considerable experience in bringing technology to the
commercial marketplace.
Mr. Posey holds a B.S. degree from the University of Maryland. He is a member of
a number of professional organizations, including the Acoustical Society of
America, Institute of Noise Control Engineers, American Industrial Hygiene
Association, among others; further, he has written and published several
technical articles, presented within the U.S. and throughout the World.
"I feel fortunate to take on this leadership responsibility at an exciting time
for Sonex," said Mr. Posey. "Our management team will undertake a diligent
effort to place focus on bringing new products to the world marketplace, while
fulfilling our current contract base".
"We are delighted to have Roger join Sonex as our President", said Dr. Andrew A.
Pouring, CEO and founder of Sonex. "Roger brings a wealth of management and
industry turnaround experience to Sonex and with his efforts we look forward to
profitable growth as we continue to provide products to the marketplace. At our
2003 Shareholder Meeting in September, we announced the Company was focusing on
business re-positioning, strengthening its internal capabilities, and planning
for growth. Roger will play a major role in the continuing implementation of
this strategy."
Contact: George E. Ponticas, CFO. Tel: 410-266-5556; email: sonex@erols.com;
website www.sonexresearch.com
About Sonex
Sonex Research, Inc., a leader in the field of combustion technology, is
developing its patented Sonex Combustion System (SCS) piston-based technology
for in-cylinder control of ignition and combustion, designed to increase fuel
mileage and reduce emissions of internal combustion engines. Sonex plans to
complete development, commercialize and market its Sonex Controlled Auto
Ignition (SCAI) combustion process to the automotive industry to improve fuel
efficiency of gasoline powered vehicles in response to forthcoming increases in
national vehicle fuel mileage standards. Additionally, independent third-party
testing has confirmed the potential of the SCS application for direct-injected
diesel engines to reduce harmful soot in-cylinder without increasing fuel
consumption. Other SCS designs are being used to convert gasoline engines of
various sizes to operate on safer, diesel-type "heavy fuels" for use in military
and commercial applications requiring light weight and safe handling and storage
of fuel, such as in UAVs (unmanned aerial vehicles).
Caution Regarding Forward-Looking Statements
"Forward-looking" statements contained in this announcement, as well as all
publicly disseminated material about the Company, are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Act. Such statements are
based on current expectations, estimates, projections and assumptions by
management with respect to matters such as commercial acceptance of the SCS
technology, the impact of competition, and the Company's financial condition or
results of operations. Readers are cautioned that such statements are not
guarantees of future performance and involve risks and uncertainties that could
cause actual results to differ materially from those expressed in any such
forward-looking statements. Additional information regarding the risks faced by
Sonex is provided in the Company's periodic filings with the Securities and
Exchange Commission under the heading "Risk Factors". Such filings are available
upon request from the Company or online in the EDGAR database at www.sec.gov.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
February 25, 2004
SONEX RESEARCH, INC.
Registrant
/s/ George E. Ponticas
----------------------
George E. Ponticas
Chief Financial Officer