May 4, 2020

RST Instruments and Measurand name Mark Price Chief Executive Officer

Tyler Morency
4 years ago

RST Instruments and Measurand Name Mark Price Chief Executive Officer

Measurand and RST Instruments are proud to introduce their new Chief Executive Officer. Mark Price has been announced as the new CEO of RST Instruments and Measurand (collectively, “RST/Measurand”), effective February 2020.

“I’m excited to join RST/Measurand,” Price said. “Both RST and Measurand have established themselves as leaders in critical monitoring applications across a wide range of markets. I’m looking forward to continuing to drive the company’s position as a leading partner for our customers’ most challenging monitoring needs.”

Price has a long track record of leading unique technical and instrumentation organizations with a focus on sales channel development and product strategy. He’ll work closely with RST/Measurand in those areas to continue providing industry-leading product innovation and technical support.

“I’ll be focused on continuing to work with the organization to expand the highly-engineered solutions offering we provide our customers across the globe,” said Price.

Price comes to RST/Measurand with an extensive leadership background in instrumentation and data management businesses. Prior to joining RST/Measurand, Price co-founded and served as CEO of TekGPS, a designer of fleet management products that sold to Textron in 2017. Before founding TekGPS, Price spent more than 20 years at Fluke Corporation in various leadership roles, including General Manager and Business Unit Director of Fluke Industrial.

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  • 1993

    The Beginning

    Measurand is established in Fredericton, New Brunswick
  • 1994

    Bend sensor development

    Measurand develops and patents fiber optic bend and position sensors for the medical and automotive sectors

    U.S. Patent 5,321,257

  • 1995

    Canadian Space Agency

    Receives funding from the CSA to develop sensor technology that ultimately leads to invention of ShapeTape

    U.S. Patent 5,633,494

  • 1999

    Patent on fiber optic sensor

    Measurand receives patent for "Fiber Optic Bending and Positioning Sensor" issued June 29, 1999

    Canadian Patent 2,073,162

  • 2001

    ShapeTape & ShapeHand debut

    Measurand designs and develops innovative motion capture technology

    U.S. Patent 6,127,672, 6,563,107

  • 2002

    Measurand Attends the ICPMG

    First contact with the geotechnical sector at the International Conference on Physical Modelling in Geotechnics (ICPMG)
  • 2004


    Design patent application sent about a new product designed to meet the specific needs of the geotechnical industry

    U.S. Patent 6,127,672, 6,563,107

  • 2005-08


    Measurand debuts ShapeWrap motion capture technology for the film and animation industry

    U.S. Patent 7,296,363

  • 2006

    Malibu installation

    ShapeAccelArray installed for ground monitoring for the first time​ in Malibu, CA

    Canadian Patent 2,472,421

  • 2007


    Suite of instrumentation developed for motion capture within Magnetic Resonance Imaging (MRI) machines

    U.S. Patent 7,296,363

  • 2011

    SAAScan launched

    Built for rapid deployment and repeated use

    Canadian Patent 2,472,421

  • 2014

    SAAX launched

    Purpose-built for heavy-duty horizontal installation

    Canadian application 2,815,199 & 2,815,195

  • 2017

    SAAV launched

    The only geotechnical instrument with a patented cyclical installation method

    Cyclical Sensor Array, Canadian application 2,815,199 & 2,911,175