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Posted May 6 , 2013

____________________
Appointment

ADVANCED APPLIED PHYSICS SOLUTIONS, INC. ANNOUNCES NEW CEO JIM HANLON

Vancouver, BC - At a recent meeting of its Board of Directors, Advanced
Applied Physics Solutions, Inc. (AAPS) confirmed the appointment of James D.
Hanlon as Chief Executive Officer and President of the company. Jim Hanlon
will serve in this capacity simultaneously with his role as Head of Business
and Administration at TRIUMF, Canada’s national laboratory for particle and
nuclear physics.

Edward A. Odishaw, chair of the Board, said, “Jim is a superb addition to
our team. He brings commitment and integrity to the role and a great
understanding of how to work with TRIUMF, its member universities, and the
many physics-based technical organizations across Canada and around the
world.”

Hanlon has over 25 years of experience working in the research and
technology sector with national and international exposure. He earned a
B.A. in Economics from the University of Ottawa and has been an active
participant in the 4,500 member Society of Research Administrators
International since 1992. He most recently served as president of SRA
International from 2010-2012 and currently serves as Immediate Past
President. At TRIUMF, Hanlon chairs the Innovation and Industrial
Partnerships committee and heads the Business and Administration Division
where he is responsible for revenue-generating activities and ventures that
develop from the laboratory.

Asked about the new assignment, Hanlon remarked, “I am always eager to work
with a great team, and bridging the research world of TRIUMF and the
business world of AAPS is a challenge to which I look forward.”

TRIUMF’s director, Nigel S. Lockyer, added, “AAPS has advanced TRIUMF’s
industrial partnerships and commercialization opportunities in several key
areas. I am delighted to have someone as talented as Jim take the helm to
ensure sustainability and overall success.”

Canada was recently credited with world-leading excellence in a half-dozen
research areas, including physics and astronomy and especially particle and
nuclear physics. Canada is ripe with opportunities in this sector, ranging
from medical isotopes and accelerators at TRIUMF to radiation detection and
control in the universities to novel underground imaging systems at SNOLAB
and academic laboratories. Converting this intellectual leadership into
economic competitiveness is increasingly challenging as physics-derived
technologies often require a scale of time and investment larger than what
individuals or traditional venture capital is willing to tolerate.

With support from the Government of Canada’s Networks of Centres of
Excellence program, AAPS was formed in 2008 as a Centre of Excellence for
Commercialization and Research to address this opportunity and provide a
business-development and commercialization resource for all of Canada.

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