November 15, 2012 at 17:47 PM EST
Photo Release -- MEI Technologies, Inc. Announces New Chief Executive Officer

HOUSTON, Nov. 15, 2012 (GLOBE NEWSWIRE) -- Founder and first chief executive officer of U.S.-based technology company MEI Technologies, Inc. (MEIT), Ed Muñiz, today announced his plans to retire and named L. David Cazes as his successor. Muñiz will remain involved in the company serving as executive chairman of the board. Cazes' CEO duties are to start Nov. 26, running the company from its Houston headquarters.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15818

Cazes has been in the industry for over 25 years and joins MEIT from Science Applications International Corporation (SAIC) where he last served as senior vice president / deputy manager for SAIC's Space, Aviation and Science Operation.

"It has been an honor and privilege to run a company with such caring and highly skilled employees dedicated to making advancements in technology for our country and its people," said Muñiz. "I leave the company in good hands with David as he possesses the strong ethics, leadership and drive critical to serving as our next CEO and taking the company into its future."

MEIT proudly celebrates 20 years of serving its customers, in which time its leadership team established a strong company culture and developed core services and solutions in systems design and development, applied engineering, cyber service & security, and research and development.

"David is a true professional, and MEIT made a great choice in selecting him. He has a proven track record of success and realizes the value of working as a team," said Bob Mitchell, Bay Area Houston Economic Partnership president. "David will be a tremendous asset to the organization."

Cazes' initial priority as CEO is to establish relationships with company leadership, employees and customers. Continuing to provide best-value services and development support to government and commercial customers, Cazes will focus on launching MEIT into the full and open market.

About MEI Technologies, Inc.

MEI Technologies, Inc. (MEIT) is a U.S.-based technology company providing best-value services and development support in systems design and development, applied engineering, cyber service and security, and research and development to public and private sector companies worldwide. The company employs more than 700 employees in seven states with 2011 revenues exceeding $150 million. Recently named one of the fastest-growing, private companies in the U.S. in the Inc. 5000 and ranked as a Space News Top 50 Space Industry Manufacturing and Services company, MEIT continues to evolve through organic growth, joint ventures and strategic investments. This year, MEIT celebrates 20 years of serving its customers.

The MEI Technologies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12449

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

CONTACT: MEDIA CONTACT:
         Cristina Mire
         MEI Technologies, Inc.
         (281) 283.6031
         cmire@MEITechinc.com
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