PixTech Appoints Andre Borrel to Board of Directors.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. and ROUSSET, France--(BUSINESS WIRE)--Feb. 3, 2000 PixTech, Inc. (Nasdaq:PIXT) and (EASDAQ See European Association of Securities Dealers Automated Quotation. :PIXT) announced today the appointment of Andre Borrel, 63, to its Board of Directors. Mr. Borrel replaces William Schmidt William Schmidt was born in Chicago in 1926 and is an American composer of classical music. He has produced a large body of solo and chamber works for neglected woodwind, brass, and percussion instruments, including several pieces for classical saxophone. who has announced his resignation from the PixTech Board. PixTech's Board membership remains at five. Mr. Borrel is a 33-year veteran of the semiconductor industry. He recently retired from Motorola as Senior Vice President and General Manager of the Communications, Power and Signal Technology Group, a $1.5 billion operation with 13,000 employees. Prior to that, Mr. Borrel held a number of management positions with Motorola including Vice President of International Operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. of Motorola Semiconductor Sector. Moreover, Mr. Borrel currently holds Board positions with Mitel, a telecom/semiconductor Canadian Company, Chartered Semiconductor Manufacturing Chartered Semiconductor Manufacturing SGX: C27 NASDAQ: CHRT (abbreviated CSM) is the world's fourth largest dedicated independent semiconductor foundry, with its headquarters and main operations located in the Woodlands Industrial Park, Kranji Singapore. in Singapore and MICS, a chemical sensor Company in Switzerland. Dieter Mezger, 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 PixTech Inc. commented, &uot;Mr. Borrel's extensive experience with U.S. and international hi-tech businesses will be a tremendous asset to the company in our next phase of growth. His unique perspective and talents will add considerable depth to our Board.&uot; Andre Borrel stated, &uot;I am very excited about joining the Board of a company with so much potential. I see PixTech's FED technology as a clear competitive advantage in the rapidly expanding flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time market, and I look forward to contributing to PixTech's success.&uot; Jean-Luc Grand-Clement, Chairman of the Board and co-founder of PixTech commented on William Schmidt's departure from the Board, &uot;Will has served on the Board since the inception of PixTech in 1992 and has helped us to build the company to where it is today, giving management unlimited help and support. His experience has been priceless and he remains a very close friend of the company.&uot; William Schmidt added, &uot;Working alongside the PixTech management team for the last seven years has been an honor. PixTech has maintained its leadership position in the development of the FED technology and the move to manufacturing. As the production ramps up in Taiwan and as displays are shipped to more customers, PixTech is gaining momentum and gathering deeper industry resources as exemplified by the appointments of Ron Ritchie Ronald Stuart (Ron) Ritchie (born 4 July 1918 in Charing Cross, Ontario) was a Progressive Conservative party member of the Canadian House of Commons. His career included journalism, economics and business leadership. and Andre Borrel to the Board.&uot; About PixTech, Inc. PixTech designs, develops and manufactures field emission displays (FEDs), a new type of flat-panel display flat-pan·el display n. A thin lightweight video display used in laptop and notebook computers and employing liquid crystals, electroluminescence, or a similar alternative to cathode-ray tubes. Also called flat screen. . The Company operates a flat-panel display pilot manufacturing facility in Montpellier, France, an R& facility in Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. , and has offices in Boise (Idaho), Santa Clara (California), and Rousset (France). PixTech is currently developing high-volume manufacturing capabilities for its FEDs in Taiwan under a contract manufacturing arrangement with Unipac, a Taiwanese AM-LCD manufacturer. PixTech has also established a marketing partnership with Sumitomo Corporation, the exclusive distributor in Japan. More information is available from the Company's web site at http://www.pixtech.com. Statements that are not historical facts, including statements about PixTech's confidence and strategies, the development of new or existing products, technologies and opportunities, marked demand or acceptance of new or existing products are forward-looking statements that involve risks and uncertainties. These uncertainties include but are not limited to, the risk associated with transitioning to high volume manufacturing of FED displays at Unipac, product demand and market acceptance risks, commitment of Unipac and/or of PixTech licensees, ability of the Company to grant other licenses under FED technology, validity and enforceability of PixTech's patent rights, infringement by PixTech of other patent rights, impact of competitive product and prices, product development, commercialization or technological delays or difficulties, trade, legal, social and economic risks detailed in PixTech's Securities and Exchange Commission filing including its 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. for the year 1998 and any subsequent filings. |
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