Projectavision restructures organization to focus on commercializing its technology.NEW YORK--(BUSINESS WIRE)--Feb. 17, 1995--(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 Symbol:PJTV) Now that the licensing effort is well under way with four major licensees to date, Martin J. Holleran, Projectavision's 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. , announced a restructuring of its executive, technical and marketing organizations, to better assist the new licensees with the commercialization of its patented technology. Sherman Langer, former vice president of marketing, has been promoted, effective immediately, to senior vice president of marketing and product development. Dr. Malcolm MacFarlane MacFarlane or Macfarlane is a surname shared by:
service - work done by one person or group that benefits another; "budget separately for goods and services" with respect to advanced optical design. Eugene Dolgoff's continued role with the company is under discussion. Holleran stated, "This restructuring enhances Projectavision's ability to focus on the day-to-day activities necessary to commercialize our technology and expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. the realization of revenues by the company. Further, this restructuring is also designed to enable the company to provide the appropriate support to our present licensee's, while at the same time, continuing to pursue the research necessary to insure future technological developments." The company has developed technologies which significantly enhance LCD (Liquid Crystal Display) A display technology that uses rod-shaped molecules (liquid crystals) that flow like liquid and bend light. Unenergized, the crystals direct light through two polarizing filters, allowing a natural background color to show. projected images. The company's depixelization system uses its proprietary optics to create a seamless, movie theater quality picture, by eliminating the dots or lines that comprise other television and computer screen images. CONTACT: Projectavision, Sherman Langer, 212/971-3000 or Fax: 212/971-6016 |
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