CYBEX NAMES MANAGING DIRECTOR FOR EUROPEAN SUBSIDIARY; First Products to Ship From Shannon, Ireland, in November 1996.HUNTSVILLE, Ala.--(BUSINESS WIRE)--Oct. 9, 1996--CYBEX Computer Products Corporation (Nasdaq/NM:CBXC) today announced the appointment of Kieran MacSweeney as managing director of its new European subsidiary, Cybex Europe Ltd. Mr. MacSweeney will be responsible for manufacturing, distribution, sales, marketing and R&D from the Company's offices in Shannon, Ireland. In addition, Patrick J. Rickard was named chief financial officer of Cybex Europe Ltd. "Kieran MacSweeney has a strong background in the electronics industry and will be responsible for directing all of CYBEX's European operations, our largest market outside the U.S.," stated Stephen F. Thornton, president of Cybex Computer Products Corporation. "We expect to make our first products shipments from Shannon, Ireland, in November under Kieran's direction. We anticipate the new facility will provide us with a strong marketing base to further penetrate the fast-growing markets within the European Community European Community: see European Union. European Community (EC) Organization formed in 1967 with the merger of the European Economic Community, European Coal and Steel Community, and European Atomic Energy Community. while improving service to our existing customers." International sales accounted for greater than 20% of total sales for the first quarter ended June 30, 1996, and approximately 56% of international sales were from Europe. Prior to joining Cybex Europe Ltd., Mr. MacSweeney was general manager of the European facility of Maidenform International Ltd. based in Shannon, Ireland. He has significant experience in the electronics industry, including serving as part of the start-up teams for Wang Laboratories Wang Laboratories - Computer manufacturer, known for their office automation products. Quarterly sales $208M, profits $3M (Aug 1994). and Intel in their European operations between 1981 and 1992. His experience with Wang and Intel include managerial roles in Information Systems, Business Planning, Production Planning and Control, Customer Service and Logistics. Throughout his career, he has been involved in the successful implementation of World-Class Manufacturing and Total Quality systems and achieved ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 certification for Maidenform International in 1994. Mr. MacSweeney has also played an active role in supporting local business, influencing the industrial relations strategy and developing the enterprise culture in Ireland where he is vice president of the Regional Employers Association, IBEC IBEC Irish Business and Employers' Confederation IBEC International Basic Economy Corporation IBEC International Bank for Economic Cooperation IBEC International Broadband Electric Communications, Inc. (Irish Business and Employers Organization). "Patrick Rickard will be responsible for managing the financial operations of Cybex Europe Ltd.," stated Doyle C. Weeks, senior vice president - finance. "He has significant management accounting and international finance experience and has worked for Coopers & Lybrand in both the U.S. and Europe. Most recently, he held financial management positions with American Power Conversion American Power Conversion, (formerly NASDAQ: APCC) based in West Kingston, Rhode Island, is a maker of AC and DC-based back-up power products and services. APC is best known for their manufacture of uninterruptible power supplies, mostly used as a backup power system for and Pulse Engineering in Ireland. We believe the addition of Kieran MacSweeney and Patrick Rickard to our management team marks an important step in our successful launch of our new European operations." Cybex Computer Products Corporation is a 15-year-old company which develops, manufactures, and markets KVM switch and extension products. Its products include the AutoBoot, 4xP multiuser Two or more users. switch for PC and Mac computers and many Sun, Hewlett Packard, Silicon Graphics, and RISC-6000 workstations, KeyView for access to PC keyboard and video signals via telephone lines, and the PC-Extender Snap extension product for separating PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. from their KVM (K Virtual Machine) A version of the Java Virtual Machine for small devices with limited memory. See J2ME. See also KVM switch. KVM - Keyboard Video Mouse peripherals using common Category 5 UTP UTP (uridine triphosphate): see uracil. (Unshielded Twisted Pair) See twisted pair. UTP - unshielded twisted pair cable. CONTACT: CYBEX Computer Products Corporation, Huntsville Stephen F. Thornton, 205/430-4000 |
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