American Technical Ceramics Corp. Appoints Three Officers.HUNTINGTON STATION, N.Y.--(BUSINESS WIRE)--July 14, 1999-- AMERICAN TECHNICAL CERAMICS CORP. (AMEX AMEX See: American Stock Exchange Symbol: AMK AMK Ammattikorkeakoulu AMK Ang Mo Kio AMK Angkor Mikroheranhvatho Kampuchea (Cambodia microfinance) AMK Angkatan Muda Keadilan (Malaysia) ), American Technical Ceramics' Board of Directors has appointed three new operating officers: Judah Wolf Vice President - Thin Film Operations Michael C. Giacalone Vice President - Advanced Products Operations David B. Ott Vice President - New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Manufacturing ATC's Thin Film operations in Jacksonville FL, which Mr. Wolf has managed since its inception in 1994, now accounts for approximately 10% of ATC's sales on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis. Mr. Wolf's 25 year career in electronic circuit manufacturing includes prior senior positions at Materials Research Corp. and MIC Technology. Mr. Giacalone's 39-year career in electronics includes operating management positions at Electro Technik and Component General, privately held companies with specialties in passive RF and Microwave components. At ATC's Jacksonville facility, Mr. Giacalone's responsibilities include operations management for certain existing specialty capacitor products as well as future, value-added products. During a 29-year career in the ceramics industry, Mr. Ott has held management positions at the TAM Ceramics unit of Cookson, plc (UK), Muscle Shoals Minerals, and the Carborundum Company. Mr. Ott's responsibilities include all core product line manufacturing, process engineering, and facilities engineering operations at ATC's Huntington Station, NY location. Victor Insetta, Chairman 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 American Technical Ceramics said, "These appointments reflect the excellent performance of the Thin Film operation, as well as our preparation to compete successfully in our traditional product lines in an increasingly demanding marketplace, and to manage the introduction of future additional product lines utilizing our technological and marketing strengths." AMERICAN TECHNICAL CERAMICS CORP. designs, develops, manufactures, and markets RF/Microwave/Millimeter-Wave ceramic and porcelain capacitors and Thin Film Products. The Company's products are focused primarily in the high reliability market for 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 microwave applications. "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 under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release may contain forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, increases in prices of raw materials, fluctuations in operating results, delays in development of highly-complex products and other risks detailed from time to time in American Technical Ceramics Corp.'s filings with the Securities and Exchange Commission, including, without limitation, those contained under the caption "Item 1. BUSINESS--CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS' in the Company's Annual Report on 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. . These risks could cause American Technical Ceramics Corp.'s actual results for future periods to differ materially from those expressed in any forward looking statements made by, or on behalf of, the Company. |
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