RS Technologies Inc. Reports Third Quarter 2011 Results and Announces Howard Elliott Appointed President and CEO

CALGARY, Nov. 18, 2011 /PRNewswire/ - RS Technologies Inc. ("RS" or the "Company"), a technology innovator and manufacturer of advanced composite products for infrastructure markets, today announced that it has filed its financial statements and management's discussion and analysis for the quarter ended September 30, 2011 with Canadian securities regulatory authorities. Copies of these documents are available at www.sedar.com and RS's website at www.grouprsi.com.

RS is also pleased to announce the appointment of Howard Elliott as president and CEO of RS. Mr. Elliott takes over from Paul Giannelia, who has been the Company's president and CEO since June 2007. Mr. Giannelia will remain as a member of the board of directors of RS, serving in the capacity of vice chairman of the board, actively focused on key customers and strategic initiatives.

Mr. Elliott joined RS in May 2008 in the capacity of chief operations officer. Mr. Elliott has in excess of twenty years of experience in the development and production of advanced composite material products and has managed businesses in an executive capacity in the United States and Asia. His extensive experience in the optimization of complex manufacturing and business operations was acquired with industry leading global corporations head-quartered in the U.S.A., Japan and the EU. Prior to joining RS, Mr. Elliott served in a number of leadership positions with Park Electrochemical Corporation and was responsible for leading business units that manufacture advanced composite material products for electronic and aerospace applications. In his time at RS, Mr. Elliott has led the Company's operations and technical functions to significantly improve manufacturing processes, yields, costs and product performance.

Mr. David Werklund, chairman of RS, stated, "The board of directors is pleased with the promotion of Howard Elliott to president and CEO. We believe his proven leadership abilities and management experience are ideally suited to lead RS in the next phase of its growth and commercialization of the Company's RStandard^® composite utility poles. Combined with Werklund Capital's financial support of RS, we look forward to Mr. Elliott's continued contributions as he assumes overall direction of the Company. The board of directors would like to thank Paul Giannelia for his important contributions to the Company over the past years and looks forward to Mr. Giannelia's continued involvement with RS."

About RS
RS is an ISO 9001:2008 certified technology innovator that develops advanced composite material products for infrastructure markets. The composite products manufactured using the Company's proprietary resins and processes are typically lighter, more durable and longer-lasting than competing products made from the traditional building blocks of wood, steel or concrete. RS's flagship product is its award-winning RStandard^® composite pole. The pole is used as transmission and distribution poles to carry electric grids and as communication structures for various uses including wireless networks and microwave communications systems.

For the latest on RS's developments, go to the Company's website at www.grouprsi.com.

"RStandard" is a registered trademark of RS.

SOURCE RS Technologies Inc.

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