Artecon Appoints Chief Financial Officer.SAN DIEGO--(BUSINESS WIRE)--Sept. 2, 1998--Artecon 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 :ARTE), today announced that Victor Powers has been appointed chief financial officer and vice president, finance. Powers will report directly to James Lambert, Artecon's president and chief executive officer. Powers will direct Artecon's financial operations, and will be responsible for all aspects of the company's financial strategy. He will work closely with senior management in corporate planning and financial forecasting, and will focus on continuous improvements in economic efficiency and long-term financial growth. "Victor brings more than 20 years of financial management experience in the technology industry and we are very pleased to welcome him to the Artecon management team," said Lambert. "His accomplished background in financial management for Fortune 500 companies in the technology industry makes Powers a strong addition to Artecon's experienced management team. As we continue to expand our leadership position in high-availability open systems storage solutions, we believe Powers will be an integral part of the company's continued growth." "I am pleased about joining Artecon's management team at this exciting time of the company's growth and post Storage Dimensions acquisition. I believe Artecon has the right management team and product portfolio to capture emerging opportunities in the opens systems storage market," commented Powers. Prior to joining Artecon, Powers served in senior financial management positions in technology companies such as U.S. Sprint, Teradyne, Hexcel, Centex, and Navtech. He holds a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in economics from Villanova University Villanova University (vĭl'ənō`və), at Villanova, Pa., near Philadelphia; Roman Catholic; est. 1842 as a men's school, coeducational since 1967. and a masters degree in business administration from Pepperdine University Pepperdine University is a private institution of higher learning affiliated with the Church of Christ in unincorporated Los Angeles County, California, United States. The university's location overlooks the Pacific Ocean and is adjacent to the city limits of Malibu. . In 1984, Powers was the recipient of an outstanding contribution award from Stanford University's AEA AEA Atomic Energy Authority AEA n abbr (BRIT) (= Atomic Energy Authority) → consejo de energía nuclear; (BRIT) (SCOL) (= Advanced Extension Award) → (American Electronics Association The American Electronics Association (now known as AeA) is a nationwide non-profit trade association that represents all segments of the technology industry in the United States. ) Executive Institute. About Artecon Founded in 1984, Artecon designs, manufactures, markets and supports a broad range of enterprise storage solutions to satisfy the high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. , performance and capacity requirements of the open systems market. On March 31, 1998, Artecon completed a merger with independent RAID storage vendor Storage Dimensions, creating one of the world's largest open systems, independent storage companies serving the PC-LAN PC-LAN Personal Computer Local Area Network and Unix markets. The combined company's products consist of server-attached as well as network-attached storage See NAS. systems. In addition, the company's EXTREME product line includes disaster-tolerant RAID systems for telco Central Office and Internet applications. Artecon has a Japan-based subsidiary and Europe-based subsidiary with offices in France, England and the Netherlands. The company also operates through reseller and distributor channels worldwide. Additional information on Artecon can be found on the Internet at http://www.artecon.com.
CONTACT: Artecon Inc.
Jennifer C. Gianola, 760/931-5500 (Investor Relations)
or
FRB San Francisco
Hannah Bruce, 415/986-1591 (General Info.)
Kristi Larson, 415/986-1591 (Investor Relations)
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