Alpha Industries Elects Aldrich as CEO; Leonard Named Chairman of the Board.Business/Technology Editors WOBURN, Mass.--(BUSINESS WIRE)--May 2, 2000 Alpha Industries Alpha Industries is a clothing manufacturer founded in 1959 in Knoxville, Tennessee. The company makes items such as flight jackets and vests, and has made jackets for the military of the United States like the M65 Jacket. Two models are the MA-1 and CWU-45/P pilot jackets. , Inc. (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 : AHAA AHAA Association of Hispanic Advertising Agencies AHAA American Hearing Aid Associates AHAA Adolescent Health and Academic Achievement Study ) today announced that David Aldrich has been elected President, Chief Executive Officer and a member of the Board of Directors. Aldrich, who had been President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , succeeds Tom Leonard Tom Leonard is the name of several notable people:
In his expanded role, Aldrich will be responsible for setting Alpha's strategy to further penetrate the wireless market and expand the company's presence in emerging markets such as broadband and other applications that represent the convergence of voice and data. He also will oversee opportunities for acquisitions and direct other initiatives that position the Company for continued growth. Aldrich, who joined Alpha in 1995, has overseen explosive growth in the Company's Wireless Semiconductor segment, which provides gallium arsenide An alloy of gallium and arsenic compound (GaAs) that is used as the base material for chips. Several times faster than silicon, it is used in high frequency applications such as cellphones, DVD players and fiber optics. (GaAs) RF integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. and other RF semiconductors for major wireless handset manufacturers and other high-volume markets. "Dave Aldrich has been the principal driver behind the phenomenal success of our Wireless Semiconductor division," Tom Leonard said. "Since 1997, Wireless Semiconductor sales have increased at a 65% annual compound growth rate. At the same time, he has established Alpha as a technology leader in the exciting new markets for wireless broadband High-speed wireless transmission of data. What is "high" speed is always a changing number. Wireless systems are typically slower than land-based, wireline networks. In the past, wireless broadband started at 250 Kbps, whereas land-based broadband was generally considered to start at T1 and interactive cable access. Dave possesses a unique understanding of the connections between our technologies, our customers and our markets. Dave demonstrates one of the most important leadership skills - he focuses not just on where we are, but where we're going." Tom Leonard has been Alpha's 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. since July 1996. He joined the Company in 1992 and held a number of senior executive positions. During the last three years, he directed the Company's strategic focus at the fast-growing commercial markets for wireless handsets and other wireless applications. "Tom has been instrumental in setting a new strategic direction for Alpha, and reshaping our culture," Dave Aldrich said. "I look forward to Tom's continued insight, wisdom and guidance in his new role as Alpha's Chairman. It is through Tom's leadership that we have assembled a team of experienced, goal-oriented executives who continue to raise the bar on quality and customer service." About Alpha Alpha Industries designs and manufactures a broad range of products for microwave and radio frequency wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. applications. The Wireless Semiconductor segment provides gallium arsenide (GaAs) integrated circuits and other semiconductors to the dynamic global market for wireless telephone handsets. The Ceramic Products segment provides technical ceramic products for wireless telephony telephony without wires, usually employing electric waves of high frequency emitted from an oscillator or generator, as in wireless telegraphy. A telephone transmitter causes fluctuations in these waves, it being the fluctuations only which affect the receiver. See also: Wireless infrastructure and other wireless markets. The Application Specific Products (ASP) segment provides a broad range of GaAs and silicon devices to satellite, instrumentation, defense and other communications markets. Alpha has a workforce of over 1,000 employees in Massachusetts, California and Maryland. Additional information is available at Alpha's website - www.alphaind.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement - Except for the historical information contained herein, this news release contains forward-looking statements that constitute the Company's current intentions, hopes, beliefs, expectation or predictions of the future which are, therefore, inherently subject to risks and uncertainties. The Company's actual results could differ materially from those anticipated in the Company's forward-looking statements based on various factors, including without limitation: cancellation or deferral of customer orders, dependence on a small number of large customers, difficulties in the timely development and market acceptance of new products, market developments that vary from the current public expectations concerning the growth of wireless communications, difficulties in manufacturing new or existing products in sufficient quantity or quality, increased competitive pressures, decreasing selling prices for the Company's products, or changes in economic conditions. Further information on factors that could affect the Company's performance is included in the Company's periodic reports filed with the SEC, including but not limited to the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended March 28, 1999, and subsequent Forms 10-Q. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstance on which any such statement is based. |
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