Calgary, June 15, 2011 – ITRES Research Limited is pleased to announce the appointment of Dr. Tyler Ivanco as President and CEO to replace Dr. Doug Davison, who is retiring at the end of June. The company’s strong performance under Dr. Davison’s leadership as a top supplier of high-performance airborne hyperspectral and thermal imaging technologies will be further strengthened by this appointment. Tyler will be supported by a strong executive team consisting of Mr. Stephen Achal, Chief Scientist and VP of Research and Development and Mr. Steve Mah, VP of Business Development. Mr. Achal will be responsible for scientific and technical advancement of our technologies, while Mr. Mah will continue to lead our global client and business development activities.

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