Luminent Selects Aaron Uri Levy as New President of Luminent, U.S.A.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--May 9, 2001 Luminent Inc. (Nasdaq:LMNE) today announced the appointment of Aaron "Uri" Levy as the new president of Luminent, U.S.A. Levy has more than 18 years broad-based experience in corporate management as chief executive officer, 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. of publicly traded and privately held firms. As a technology visionary, Levy has extensive experience in operational plans, R&D, Quality Control, manufacturing, marketing and sales. Most recently, Levy served as 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. for Etech Ventures, a management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and investment firm he founded in 1998, specializing in digital voice and video communications. Prior to Etech Ventures, Levy served as chairman, CEO, president and director of Dense-Pac Microsystems, a firm that specializes in patented high-density semiconductor memory for portable electronic devices, network servers and for defense electronics. Levy commented: "I am pleased to be taking this leadership role in Luminent Inc., and am committed to executing the plans and targets to provide superior support to our customers. As the new president, I can confirm that improving capacity, enabling new technologies, and providing vision and support to sales, marketing and manufacturing, along with increasing Luminent's visibility in the marketplace will be my top priorities." His involvement with fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber began in 1985. Levy designed, built and administered a fiber-optics-based high-speed VLSI VLSI: see integrated circuit. (1) (Very Large Scale Integration) Between 100,000 and one million transistors on a chip. See SSI, MSI, LSI and ULSI. (2) (VLSI Technology, Inc., Tempe, AZ, www.semiconductors. underwater detector using LeCroy's optical transmitters and receivers. The project, named DUMAND DUMAND Deep Underwater Muon And Neutrino Detector , was sponsored by the Department of Energy and was integrated in an underwater cosmic ray telescope. Levy is a U.S patent holder and the author of Electronic Printing, published by Interquest in 1993 and 1998. He holds a master of science degree in aerospace engineering from Northrup University where he was awarded the "President's Most Distinguished Graduate," and 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 electrical engineering, from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). , Irvine. Levy served in both the Navy and Air Force. He has been recognized in Who's Who, elected to membership of the Young Presidents Organization, and has also been nominated as a candidate for the "Entrepreneur of the Year" by Ernst & Young LLP LLP - Lower Layer Protocol . "We are pleased to have someone of Mr. Levy's experience joining us. He has a proven track record and will be a very important member of our executive team," said Dr. William Spivey, CEO of Luminent. About Luminent Luminent designs, manufactures and sells a comprehensive line of single mode active and passive fiber-optic components for high-capacity data transmission in the metropolitan and access markets. Today's fiber-optic components market is expected to grow 30%-50% and reach $50 billion in 2004. Network equipment manufacturers rely on Luminent to provide technical depth, responsive customer service and volume manufacturing to meet the increasing requirements for transmission capacity and speed between nationwide telecommunications networks and end-users. Visit the company's Web site at www.luminentinc.com. Forward-Looking and Cautionary Statements Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion