Datawatch Adds New Member to Board of Directors; Kevin R. Morano, Executive Vice President and CFO of Lumenis, Joins Board of Directors.Business Editors/High-Tech Writers LOWELL, Mass.--(BUSINESS WIRE)--Oct. 24, 2002 Datawatch 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 : DWCH), a leading provider of enterprise reporting With the dramatic expansion of information technology, and the desire for increased competitiveness in corporations, there has been an increase in the use of computing power to produce unified reports which join different views of the enterprise in one place. , infrastructure and IT support solutions, today announced that Kevin R. Morano, executive vice president and CFO See Chief Financial Officer. at Lumenis Ltd (NASDAQ: LUME LUME Light Utilization More Efficient ), has joined Datawatch's Board of Directors. Lumenis generates annual revenues of about $375 million through a broad range of laser and intense pulsed light Intense Pulsed Light (IPL), as most commonly employed by non-specialist medical practitioners and beauticians, is a method of hair removal from the body involving the use of a specially constructed xenon flash lamp and focusing optics. systems for medical applications. Prior to joining Lumenis, Mr. Morano served as executive vice president and CFO at Exide Technologies, an automotive and industrial use battery manufacturer. Prior to Exide, he was employed for 21 years at ASARCO ASARCO American Smelting and Refining Company Incorporated, a global copper mining, specialty chemicals and aggregates producer. At ASARCO, Mr. Morano held several leadership positions including serving as president and COO in 1999 and as CFO from 1993 to 1999. Mr. Morano also serves as an outside director on the Board of Directors of APEX Silver Mines Ltd. "Kevin Morano brings tremendous operational expertise as well as financial skills to our company," said Robert Hagger, 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. of Datawatch. "His addition to our Board demonstrates to our customers and shareholders that Datawatch continues to move in the right direction. We welcome Kevin to Datawatch, and look forward to working with him." Commenting on the appointment, Mr. Morano said, "I have taken great interest in the successful turnaround of Datawatch, and look forward to participating in the next phase. The Datawatch philosophy of providing easy-to-implement enterprise productivity software is exactly what the market needs right now. This has been proven by the revenue and profitability growth that Datawatch has achieved over the recent quarters." ABOUT DATAWATCH CORPORATION Datawatch Corporation is a leading provider of enterprise reporting, infrastructure and support solutions that help organizations increase productivity, reduce costs and gain competitive advantage. Datawatch products are used in more than 20,000 companies, institutions and government agencies worldwide. Datawatch works with VARs, integrators, consultants and independent software vendors who sell and support Datawatch products. In addition, Datawatch works with OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers who embed Datawatch components and technologies in their own solutions. The corporate address for Datawatch is 175 Cabot Street, Suite 503, Lowell, MA 01854-3633; telephone 978-441-2200, fax 978-441-1114; http://www.datawatch.com. |
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