Daniel Meub Named President and Chief Executive Officer of Adaptive Solutions.BEAVERTON, Ore.--(BUSINESS WIRE)--Nov. 26, 1996--Adaptive Solutions 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 :ADSO) today announced that its board of directors has named Daniel J. Meub president, chief executive officer and a director of the company. Meub replaces Dan Hammerstrom, the company founder who has been interim chief executive officer. "We are very pleased that Dan has signed on with Adaptive," said C. Scott Gibson, chairman of the board of Adaptive Solutions. "His software industry experience, including knowledge of the optical character recognition optical character recognition (OCR), method for the machine-reading of typeset, typed, and, in some cases, hand-printed letters, numbers, and symbols using optical sensing and a computer. business, will be invaluable as Adaptive proceeds with its focus on providing more complete forms and label processing solutions for its customers. He has the general management, marketing and technical understanding, as well as the leadership skills we require." Meub joins Adaptive with an extensive career in the management of high technology companies. Most recently he was the Executive Vice President of Marketing and Product Development at Now Software Inc. of Portland, Ore. He has held positions of Vice President of Marketing and Product Development at Calera Recognition Systems of Sunnyvale, Calif. and Vice President/General Manager and Vice President of Corporate Marketing at Central Point Software. Meub holds a B.A. degree from Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. and an M.B.A. from the Kellogg Graduate School of Management at Northwestern University Northwestern University, mainly at Evanston, Ill.; coeducational; chartered 1851, opened 1855 by Methodists. In 1873 it absorbed Evanston College for Ladies. . "Adaptive has been a strong technology company for years. Their recent progress and strategic partnerships in the label and forms processing market shows focus on a business segment and not just technology," said Meub. "I'm looking forward to applying my general management, software development, and marketing background to helping them address these hot market opportunities." Adaptive Solutions, headquartered in Beaverton, pioneered data parallel processing parallel processing, the concurrent or simultaneous execution of two or more parts of a single computer program, at speeds far exceeding those of a conventional computer. for advanced pattern recognition, image processing and ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. applications. Adaptive Solutions designs and manufactures forms and label processing products using the CNAPS CNAPS Center for Northeast Asian Policy Studies architecture for the transportation markets. The company was founded in 1988, had 1995 sales of $10.7 million and has 30 employees. CONTACT: Harris Massey Herinckx Fletcher Chamberlin, 503/295-1922 (IR Counsel) |
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