WatchStander Reorganizes to Attract Investor Market

By MarEx 2013-01-24 09:48:00

WatchStander is pleased to announce the appointment of G. Robert Toney as Chairman and Paul Slater as Chief Operating Officer, effective January 1, 2013.  They join the Founder, David Rigsby, and Mark Fitzgerald (Admiral US Navy retired) on the management team of WatchStander. 

G. Robert Toney is the Chairman of Toney Capital Holdings, a marine related holding company headquartered in Fort Lauderdale, Florida. Toney Capital Holdings is the original investor in WatchStander, providing funds for the software development provided by Applied Research Labs at Penn State University. Toney Capital also owns US based National Liquidators and the global shipping organization National Maritime Services.

Paul Slater is the Chairman and CEO of First International Corp and a global financial advisor to the Maritime and Energy industries.  He is highly experienced in presenting to both commercial and financial audiences, and has extensive experience in Public Relations and Media communications.  Paul’s knowledge of the shipping and finance industry will play a strong part in further developing the investor base required to bring this product to market. 
WatchStander is a new system that fully automates and integrates the anti-piracy process from detection to identification to non-lethal deterrent and disruption. The system eliminates the element of surprise and greatly reduces the probability of a successful attack. WatchStander has been successfully tested on the water. Currently, WatchStander is in the final stages of product development at the Applied Research Laboratory of The Pennsylvania State University.

The products and services herein described in this press release are not endorsed by The Maritime Executive.