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MagnaDrive Announces Vice President, Sales & Marketing

WOODINVILLE, Washington, 03/10/14–MagnaDrive announces Paul Humphreys as
Vice President, Sales & Marketing.

Having been in the position since March of this year Humphreys is responsible for
revenue generation throughout MagnaDrive’s global marketplace. Beyond his sales
responsibilities he is also driving MagnaDrive’s marketing strategy from both a leadgeneration,
and product road mapping perspective. “We’re excited to have Paul on our
team,” commented Marc Weintraub, CEO, “his extensive track record in bringing
innovative products to global markets is a great complement to our overall strategy to
make MagnaDrive the global standard for non-contact torque transfer.”

Humphreys said, “MagnaDrive’s unique technology offers tremendous benefits to its
customers within the industrial coupling and process-control landscape.” Adding, “We
have a highly capable team with whom I’m excited to work with as we introduce this
exciting technology to domestic and international markets.”

Humphreys has held executive level sales, marketing and product management positions
with technology-oriented private, and publically held companies, in United States and
Canada. Graduating from the UK’s Royal Air Force College’s officer training program
Humphreys still maintains a keen interest in aviation, along with the many outdoor
pursuits the Pacific Northwest has to offer.

About MagnaDrive Corporation
Founded in 1999, in Seattle Washington MagnaDrive’s groundbreaking magnetic torquetransfer
couplings and drive technology provide highly effective means of protecting and
controlling critical equipment and processes for a range of industrial and commercial
applications. Beyond the mechanical benefits of MagnaDrive’s technology, it also has the
ability to achieve significant energy savings. MagnaDrive serves many markets, around
the world including power generation, mining, oil and gas, maritime, the U.S. Navy,
water and wastewater, HVAC, and general manufacturing.

For more information, visit the company’s Web site at www.magnadrive.com or contact
Marc Weintraub at (425) 463-4700 or mweintraub@magnadrive.com.

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