Allied Security Trust Names Industry Leader Daniel P. McCurdy as CEO.Former Lucent, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and ThinkFire executive will lead industry-wide effort POUGHKEEPSIE, N.Y. -- Allied Security Trust (AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. ) announced today that Daniel P. McCurdy will replace Brian Hinman as 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. . Mr. McCurdy was previously President of Lucent Technologies' Intellectual Property Business, Vice President of IBM and Ciena corporations, and founder and Chief Executive Officer of ThinkFire and PatentFreedom. In this new role, Dan will continue to serve as Chairman of PatentFreedom. Mr. Hinman will be leaving the Trust to become the Vice President, Intellectual Property at Verizon Communications
Verizon Communications, Inc. (NYSE NYSE See: New York Stock Exchange : VZ). With eleven current worldwide members, AST provides an effective mechanism to help operating companies operating company A business that engages in transactions with outsiders. share the cost of acquiring licenses to patents being sold on the market at a much lower cost than if the company were to purchase the patents by itself. "We are delighted that Dan has agreed to serve as CEO," said the AST board in a prepared statement. "Dan's relationships with IP leaders worldwide and his patent experience make him especially well qualified to fill this position, and we are looking forward to working with him. At the same time, we are most appreciative of Brian Hinman's many contributions during the start-up phase of the AST, and wish him the best of luck in his new endeavors." About AST Allied Security Trust is a Delaware statutory trust that was originally formed by several high technology companies to obtain cost-effective patent licenses for the member companies. AST is not an investment vehicle. It generates no profits and does not engage in patent assertions against other companies. AST maintains a "catch-and-release" commitment that returns to the market in a timely manner patents acquired on behalf of Trust members after licenses are secured. www.alliedsecuritytrust.com |
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