NUKO Announces Ashok S. Kanagal as Vice President of Operations; Also Announces Plan to Accelerate Release of First Quarter Results.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--April 18, 1997--NUKO Information Systems 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 :NUKO) today announced that Ashok S. Kanagal will become Vice President of Operations. In this capacity, Kanagal will report directly to Bob Kondamoori, 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. . Kanagal comes to NUKO with over 14 years of direct experience in operations at Intel Corporation, SEMATECH SEMATECH Semiconductor Manufacturing Technology and Honeywell. As vice president of operations, Kanagal will have responsibility for all operational functions at NUKO. His experience includes the start-up and rapid ramp-up of Intel's Assembly/Test factory in Chandler, Ariz., as well as implementation of company-wide manufacturing productivity processes at several Intel manufacturing facilities including system level, sub-system level and semiconductor chip level manufacturing. As a key member of the SEMATECH management team, Kanagal led the consortium's efforts on improving the supply-chain and implementing its "Partnering for Total Quality(TM)" program. A number of equipment and material suppliers to the semiconductor industry were able to significantly improve their competitiveness and customer satisfaction as a result of these efforts. A member of the prestigious "Malcolm Baldrige National Quality Award The Malcolm Baldrige National Quality Award is given by the United States National Institute of Standards and Technology. Through the actions of the National Productivity Advisory Committee chaired by Jack Grayson, it was established by the Malcolm Baldrige National Quality " Board of Examiners, Kanagal has established and chaired several industry councils on quality and reliability. Kanagal holds a graduate degree in engineering from the University of Texas and an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Arizona State and has published several papers and articles on topics ranging from manufacturing, productivity, management and equipment reliability and Total Quality Management. "I am extremely pleased to have Ashok take charge of the operations at NUKO and help us manage the transition to an operating company operating company A business that engages in transactions with outsiders. and the growth anticipated for NUKO in 1997," said Kondamoori. "He brings a wealth of direct hands-on experience in total supply chain and total quality management including manufacturing, internal operations, engineering and cost controls as well as the disciplined Intel management culture." The company also announced its plan to release its first quarter results one day earlier than previously scheduled. The release of NUKO's first quarter results is now scheduled for the close of market, Thursday, April 24, 1997, with a conference call scheduled for 1:30 p.m. Pacific Coast Time. About NUKO NUKO Information Systems Inc., headquartered in San Jose, Calif., is a provider of technology which enables the end-to-end networking of broadcast quality digital video as well as authoring systems for Digital Video Disk (DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. ) title mastering. NUKO's Intelligent Broadband Service Network (IBSN IBSN Infantile Bilateral Striatal Necrosis ) solution uses open-systems, standards-based MPEG-2 methodology. These advanced products enable users to digitally encode, compress, transmit, decode and store video signals for a complete range of applications including distance learning, broadcasting, conferencing, entertainment and authoring. This press release contains forward-looking statements about the company's performance. The company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Form 10-Q's and other documents on file with the Securities and Exchange Commission identify important factors which could cause actual results to differ materially from those indicated by the forward looking statements. However, forward looking statements are beyond the ability of the company to control and in many cases the company cannot predict what factors would cause actual results to differ materially from those indicated by the forward looking statements. -0- Note to Editors: (TM) Partnering for Total Quality is a registered trademark of SEMATECH. CONTACT: NUKO Information Systems Inc. John Gorman, 408/570-2280 Ben Stanger, 408/570-2256 |
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