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PAUL L. ROSENBAUM TO HEAD MASSACHUSETTS MICROELECTRONICS CENTER

PAUL L. ROSENBAUM TO HEAD MASSACHUSETTS MICROELECTRONICS CENTER
 WESTBOROUGH, Mass., Aug. 10 /PRNewswire/ -- Paul L. Rosenbaum has been named executive director of the Massachusetts Microelectronics Center (MMC) in Westborough, it was announced today by Ron Rankin, Group Manager of Manufacturing at Hewlett Packard and Chairman of the Board of Directors of the Massachusetts Technology Park Corporation, the parent organization of MMC.
 Rosenbaum, who will head all operations of the Center and serve as official spokesperson, was most recently a general partner of American Research and Development, Inc. Prior to that, he was president and chief executive officer of Xyplex, Inc. of Boxboro and Proteon, Inc., of Westborough. His appointment was effective July 13, 1992, the tenth anniversary of the signing of the legislation creating MMC. He succeeds Richard B. Gold, whose four year term as executive director ended in October 1991.
 MMC is a unique partnership among industry, 11 Massachusetts engineering universities, and the State. It was established in 1982 to foster an expanding electronics industry for Massachusetts and focused initially on creating targeted educational programs in semiconductor design and processing.
 Since its inception, MMC has leveraged the State's $20 million initial capital investment with over $32 million of private contributions from more than 60 companies to serve almost 2,000 students per year through an impressive network of facilities in Westborough and on campuses located throughout Massachusetts. More recently, it has expanded its complement of programs to include direct support to developing electronics firms and major circuit fabrication contract with Allegro MicroSystems, Inc., of Worcester, all as part of a new initiative to make MMC totally self- funding.
 "My goal," said Rosenbaum, "is to lead MMC from its prior dependence on state funding to economic self- sufficiency, while funding the Center's educational and industry development missions. Through MMC, Massachusetts can develop a regional model for the country featuring unprecedented collaboration among state, private industry, and leading colleges and universities to make local industry competitive on a global basis, and create jobs"
 The Center seeks to become economically self-sufficient so it can fund educational programs VLSI design and fabrication resources. This would help create jobs while carrying out the Center's educational mission of assisting in the creation and expansion of small and medium size electronic companies, particularly in the telecommunications industry. The telecommunications industry has the characteristic of breeding fast growth companies that create significant employment.
 Moreover, the Center can play a role in supporting entrepreneurial growth by providing access to VSLI design and fabrication resources. This would help to create jobs while carrying out the Center's educational mission of assisting the State's engineering universities in training 2,000 students a year in VLSI design, Rosenbaum noted.
 "We are extremely fortunate to find Paul," said Rankin. "His long record of experience as an industry chief executive officer of several Massachusetts technology growth companies, combined with his extensive background in the telecommunications and venture capital fields, make him the perfect choice to lead M2C into its second decade."
 Secretary of Economic Affairs Stephen P. Tocco joined the other board members in welcoming Rosenbaum to MMC stating, "Paul brings a seasoned management to the helm of MMC, with significant business experience and a particular knowledge of the telecommunications industry. We hope to make full use of his expertise and the Center's resources to exploit the opportunities presented by the expanding worldwide market for telecommunications products, an area identified by Governor Weld as a key high productivity industry sector for Massachusetts."
 Richard Morrison, President and Chief Operating Officer of Allegro Microsystems, Inc., MMC's largest customer, applauded the Rosenbaum appointment noting, "This is great news for both MMC and Allegro. Since we became affiliated with MMC slightly over a year ago, our original goals have been met and in many cases exceeded. MMC has clearly demonstrated its capacity to produce functional silicon to exacting tolerances and ahead of schedule. The time has come to expand that relationship. Having an experienced business leader like Paul on board will greatly facilitate this process."
 Rosenbaum, who received a bachelor's degree in electrical engineering from Cornell University and a master of business administration degree from Harvard University, lives in Wayland, Mass., with his wife, Brenda. He has two sons: Glen and Neil.
 -0- 8/10/92
 /CONTACT: Paul L. Rosenbaum of Massachusetts Microelectronics Center, 508-870-0312, or Jack Jackson of Miller Communications, 617-536-0470, for Massachusetts Microelectronics Center/ CO: Massachusetts Microelectronics Center ST: Massachusetts IN: CPR SU: PER


TM -- NE006 -- 8407 08/10/92 10:03 EDT
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Date:Aug 10, 1992
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