LogiMetrics appoints Laird CEO.PLAINVIEW, N.Y.--(BUSINESS WIRE)--March 12, 1996--Coincident with the new $3,000,000 financing announced last week, the board of directors of LogiMetrics Inc. elected Richard K. Laird as chairman, 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. . Laird, 47, founded Keptel Inc. in 1983 to pursue new equipment opportunities brought about as a result of the breakup of AT&T. As CEO, Laird directed Keptel's startup and 1987 public offering, growing the company to $50,000,000 in annual revenues before accepting an acquisition offer in late 1994, valued at approximately $90 million, from the $800 million Chicago-based Antec Corporation. Following the acquisition, Laird continued on as Keptel CEO and further served Antec as executive vice 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. . Laird said: "I'm delighted to join LogiMetrics at this most interesting point in the Company's development. LogiMetrics has a long and proud history in the very sophisticated radio frequency test and simulation equipment business; a market dominated, until recently, by defense oriented customers. Today's explosive use of microprocessors in every thing from children's toys to personal computers has created new markets for the Company's test and simulation equipment as these products both emit and are sensitive to various radio frequencies. Tough new European laws regulating RF emission and new domestic requirements that all "electronic devices" be turned off during commercial aircraft take-offs and landings Take-Offs and Landings is Rilo Kiley's debut full-length album. It was released in 2001 on the independent label Barsuk Records. Of Rilo Kiley's solo albums, Take-Offs and Landings contains the most songs sung by band member Blake Sennett, who sings lead on "August," evidence the world's growing health and safety concerns that RF emissions be properly measured and controlled. The Company's extensive experiences in these RF fields positions the firm well for new growth in its traditional business." "In addition, and of great promise, three new LogiMetrics products have recently been deployed in RF broad band communication applications. These new products amplify and rebroadcast very high frequency airborne satellite signals which are later received as either video, voice or data by tiny end user antennas. More than 20 firms ranging from Regional Bell Operating Companies to firms like AT&T and Hughes have applied to the FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. for permission to deliver information in this new fashion, and each now awaits the FCC spectrum auction expected to take place late this year or early next. Successful auction bidders will use this new spectrum domestically to deliver video, voice and data in completion with traditional "wire line" cabled providers and internationally as a system solution that is more economic and faster to deploy. It's estimated that more than $30 billion will be invested in new equipment once these auctions are completed; a robust new market for future LogiMetrics growth." "These trends, coupled with the new equity and debt financing Debt Financing When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay tools now in place, position the Company well for an exciting time ahead." LogiMetrics Inc. is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. whose shares of common stock are traded over the counter under the symbol "LOGIA lo·gi·a n. Bible Plural of logion. logia maxims or sayings attributed to a religious leader. See also christ. ." The company was incorporated in Delaware in 1968. Its offices are located at 121-03 Dupont Street, Plainview, New York Plainview is a hamlet (and census-designated place) located in the town of Oyster Bay, Nassau County, New York, USA. The population was 25,637 at the 2000 census. Plainview and its neighboring hamlet, Old Bethpage, share a school system, library, fire department and water , 11803. LogiMetrics is engaged in the business of manufacturing traveling wave tube amplifiers and microwave transmitting systems used in wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. for cellular television, satellite earth stations and point-to-point communications as well as test systems for the measurement and control of electromagnetic pollution electromagnetic pollution, n electromagnetic radiation which has a negative effect on the health of living organisms. . CONTACT: LogiMetrics Inc. Richard K. Laird 516/349-1700 |
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