Axsys Technologies Announces the Addition of Vice President, Marketing and Sales for Commercial Products Group.Business Editors ENGLEWOOD Englewood (ĕng`gəlw  d).1 City (1990 pop. 29,387), Arapahoe co., N central Colo., on the South Platte River, a residential and industrial suburb of Denver; inc. 1903. CLIFFS, N.J.--(BUSINESS WIRE)--July 25, 2000 Axsys Technologies, Inc. (Nasdaq: AXYS), a global leader in designing, manufacturing and distributing micro-positioning and precision optical products, today announced the addition of Mr. Arthur Rhea rhea, in zoology rhea (rē`ə), common name for a South American bird of the family Rheidae, which is related to the ostrich. Weighing from 44 to 55 lb (20–25 kg) and standing up to 60 in. as its Vice President - Marketing and Sales - Commercial Products Group. Mr. Rhea joins Axsys from Lucent Technologies, Specialty Optical Fiber Technologies group where he was responsible for strategic development. Commenting on the addition of Mr. Rhea, Mark Bonney, 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. of Axsys stated, "Art Rhea, with over 20 years of engineering, program management, and marketing and sales experience adds a significant presence to our marketing and sales function. In addition to his excellent marketing process skills Art is extremely knowledgeable of one of our target markets - Telecommunications/Fiber Optics optics, scientific study of light. Physical optics is concerned with the genesis, nature, and properties of light; physiological optics with the part light plays in vision; and geometrical optics with the reflection and refraction of light as encountered in the study . We are very excited to have Art join our Commercial Products Group at this exciting time in our Company's evolution." Axsys Technologies, Inc. supplies micro-positioning and precision optical products for a variety of markets, including automation, defense, digital imaging, space and electronics capital equipment. More information is available at www.axsys.com. This news release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The company's business is subject to a various risks and uncertainties. As a result, actual future results and developments may be materially different from those expressed or implied in any forward-looking statement. Disclosure regarding factors affecting the company's future results and developments is contained in the Company's public filings with the Securities and Exchange Commission, including the Company's annual report and 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 fiscal year ended December 31, 1999. |
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