Corel President and CEO Wins Lifetime Achievement Award.Business Editors OTTAWA--(BUSINESS WIRE)--April 20, 2000 Corel Corporation (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 : CORL CORL Corel Corporation (stock symbol) CORL Coalition of Reef Lovers CORL capital outlay revenue limit CORL change-orientated reflective listening (psychotherapy) CORL Central Ontario Ringette League ) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : COR.) is pleased to announce that Dr. Michael Cowpland, its 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. , was honored with the prestigious Lifetime Achievement Award for Innovation by the National Research Council of Canada The National Research Council Canada (NRC) is Canada's leading organization for scientific research and development. History NRC was established in 1916, mainly to advise the government. Then, in the early 1930s, laboratories were built in Ottawa. . The award, announced at a ceremony in Ottawa Wednesday night, recognizes Dr. Cowpland for his invaluable contributions to the high-tech industry. He is being honored for making Corel a leading, innovative software company and furthering Ottawa's reputation around the world as a center for high-tech development. Dr. Cowpland was one of four recipients of the National Research Council's first-ever Ottawa-Carleton Regional Innovation Awards. Antoine Paquin, president and CEO of Philsar Semiconductor Inc., won the Ottawa Citizen Year 2000 Innovator of the Year Award, while Iridian Spectral Technologies and Iogen Corporation shared the MITEL MITEL Mike and Terry's Lawnmowers Year 2000 Innovation of the Year Award. "This award means a lot to me," said Dr. Cowpland. "Together, regional high-tech companies like Corel put Ottawa on the map as a center of high-tech advancements. I'm proud to be considered among that group and deeply honored to receive such a prestigious award." Dr. Cowpland is the president and CEO of one of the leading software companies in the world. Corel's products are used by an estimated 50 million people internationally. He was born in Bexhill, Sussex, England on April 23, 1943. He earned 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 engineering at Imperial College, Britain's leading engineering university. After moving to Ottawa in 1964, he received a Master's degree and a Doctorate in electrical engineering from Carleton University. He also holds several honorary degrees. Dr. Cowpland began his career in 1964 at Bell Northern Research, working on electronic telephone systems, before moving to MicroSystems International where he was manager of silicon chip design. In 1973, he co-founded MITEL and was the company's CEO for 10 years. Attracted to the dynamic PC software market and eager for a new challenge, he founded Corel in 1985. The company has thrived under his leadership. "Dr. Michael Cowpland has been a leading innovator in the Ottawa region for more than 30 years," said Dr. Arthur Carty, president of the National Research Council. "He played an instrumental role in the creation of MITEL Corporation and was the founder of Corel Corporation, now one of the leading software companies in the world. Dr. Cowpland is a true entrepreneur - bold and brave, always willing to move in new directions, lay down new challenges and to take risks which others might eschew. Typical of his innovative spirit are the new directions Corel is taking in embracing Linux and bringing new products based on this platform to the marketplace." "The NRC NRC abbr. 1. National Research Council 2. Nuclear Regulatory Commission Noun 1. NRC - an independent federal agency created in 1974 to license and regulate nuclear power plants Lifetime Achievement Award recognizes innovation that spans several years," added Dr. Carty. "The NRC is very proud that the Regional Innovation Forum has chosen Dr. Michael Cowpland for the first NRC Lifetime Achievement Award for Innovation." Each of the winners received Thoughts in Action, the innovation award that combines two figures: one representing The Thinker, the other representing a person in action to signify innovation. The award was produced by sculptor Dr. David Makow. Corel Corporation Corel Corporation is an internationally recognized developer of award-winning business productivity, graphics and operating system solutions on the Windows(r), Linux(r), UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). (r), Macintosh(r) and Java(tm) platforms. Corel also develops market-leading, Web-based solutions including applications, contents, e-commerce and online services. For access to these services and more information go to www.corel.com or www.corelcity.com. Corel is headquartered in Ottawa, Canada. Corel's common stock trades on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (sm) under the symbol CORL and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol COR. |
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