Acrodyne Expands Technical Operations; Two Vice Presidents of Engineering are Named.Business Editors BLUE BELL, Pa.--(BUSINESS WIRE)--July 6, 2000 Acrodyne Industries, Inc., a leading manufacturer of television transmission systems, announced today that it is expanding its technical operations in response to the rollout of digital television. In conjunction with this expansion, the Advanced Technology Group of Sinclair Broadcast Group The Sinclair Broadcast Group (SBG) NASDAQ: SBGI is the operator of the largest number of local television stations in the United States with a total of 59 stations across the country in 38 primarily small and medium markets, many of which are located in the South and , will be moving over to the Acrodyne organization. Sinclair has a 34% equity investment in Acrodyne. Included in the Advanced Technology Group are two senior engineering managers, four design engineers, one research assistant, four engineering technicians, and one administrative assistant. In conjunction with this, the corporate headquarters of Acrodyne will be relocating to Hunt Valley, MD, by the end of September, and the Engineering Development team will remain in that Maryland location. Manufacturing and its support will move to the new Oaks, PA factory in the third quarter. Andrew H. Whiteside has been named Vice President, Engineering, and Raymond C. Kiesel has been named Vice President, Research & Development. Both will report to Nat Ostroff, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Acrodyne. This team will orchestrate, develop and perfect all present and future new technology, including the newly introduced Quantum IOT IOT In Order To IOT Index-Organized Table IOT British Indian Ocean Territory (ISO 3-letter country code) IOT Interoperability Testing IOT Initial Operational Test IOT In-Orbit Test equipped transmitter line, which will be available for shipment by the fourth quarter 2000. Mr. Whiteside joins the Acrodyne team bringing with him an award-winning background in broadcast product development. He received his B.Sc. (with Honors) in Physics from the Imperial College of Science and Technology, London University, England in 1976. After a one-year post graduate Engineering Apprenticeship, he joined the English Electric Valve Company (1977) as a Klystron klystron: see electron tube. A type of vacuum tube used as an amplifier and/or oscillator for UHF and microwave signals. It is typically used as a high-power frequency source in such applications as particle accelerators, UHF TV transmission and satellite engineer. He worked for five years on the designs and applications of many amplifier types. Included in his responsibilities were klystrons for UHF-TV, radar and scientific products. Andy joined Comark as the Engineering Manager for Transmitter products in 1982. He held a number of positions in Engineering Management leading to his last position as Vice President of Engineering for Thomcast Communications. In 1999 Mr. Whiteside joined the Sinclair Broadcast Group, and in collaboration with Mr. Kiesel, formed the Advanced Technology Group to develop equipment for Sinclair's use. This group was involved in the design and development of new, innovative broadcast transmission products, and was responsible for the IOT based "Quantum" product line, licensed by Acrodyne from Sinclair and introduced at the NAB2000 Show. Mr. Whiteside has been involved in the development and implementation of many new television transmitter products, authoring several technical papers in the process. Mr. Kiesel rejoins the Acrodyne team, bringing with him an award-winning background in broadcast product development. Mr. Kiesel first joined Acrodyne in 1973, and was involved with UHF (Ultra High Frequency) The range of electromagnetic frequencies from 300 MHz to 3 GHz. In the U.S., analog television has used UHF channels 52 to 69 in the 700 MHz band. and VHF (Very High Frequency) The range of electromagnetic frequencies from 30 MHz to 300 MHz. television transmission equipment design and development. He left to join Comark in 1982 as Engineering Manager of R&D after his first nine years at Acrodyne. During his employment at Comark, Mr. Kiesel was responsible for the design and development of solid-state exciters, high voltage pulsers, multi-standard modulators (analog and digital) as well as a complete line of IOT based transmitters. He was the Program Coordinator for the EMMY award winning Klystrode IOT UHF television transmitter development effort which was the basis for today's high Today's High The intra-day high trading price. Notes: In other words, this is the highest price that a stock traded at during the course of the day. More often than not this is higher than the closing price. See also: Today's Low power UHF transmitter industry standard. He held a number of positions in Engineering Management leading to his last position as Vice President of Advanced Development for Thomcast Communications. In 1999 Mr. Kiesel left Thomcast to join the Sinclair Broadcast Group, and in collaboration with Mr. Whiteside, formed the Advanced Technology Group to develop equipment for Sinclair's use. This group was involved in the design and development of new, innovative broadcast transmission products, and was responsible for the IOT based "Quantum" product line, licensed by Acrodyne from Sinclair and introduced at the NAB2000 Show. Mr. Kiesel has been responsible for the authoring of many technical papers, and holds defining patents for proprietary linearity correction techniques. Nat Ostroff, President and CEO of Acrodyne commented, "With this development, Acrodyne is well equipped to challenge the competitors on a higher and more profitable plane. The addition of the major talents found in the Sinclair technology team will enable Acrodyne to achieve its goals of increased market share and profitability. I am dedicated to making Acrodyne a major contender in the emerging digital broadcast equipment market." Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Communications, Inc., and a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACRO acro Acronym ACRO Australian Creative Resources Online ACRO Association of Clinical Research Organizations ACRO American College of Radiation Oncology ACRO Aircraft Crashes Record Office (Geneva, Switzerland) acro acrolein ) has been an established and respected manufacturer of television broadcast equipment for over three decades. Acrodyne is a leading producer of technically advanced, high quality television transmitters. Sinclair Broadcast Group (NASDAQ:SBGI SBGI Society of British Gas Industries ) is a diversified broadcasting company that currently owns or programs 61 television stations. Sinclair's television group reaches approximately 25% of U.S. television households and includes ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. , CBS (Cell Broadcast Service) See cell broadcast. , FOX, NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , WB, and UPN affiliates. Forward-looking statements: This press release contains "forward-looking statements" concerning future expectation, plans or strategies that involve a number of risks and uncertainties. The Company wishes to caution readers that certain factors may have affected the Company's actual results and could cause results for subsequent periods to differ materially from those expressed in any forward-looking statements to reflect subsequently occurring events or circumstances. |
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