Redline Appoints Thomas Hearne as Chief Financial Officer; Redline Strengthens its Executive Team with Finance Leader.Business Editors/High-Tech Writers TORONTO--(BUSINESS WIRE)--Nov. 19, 2001 Redline Communications Inc., a leading developer of Orthogonal Frequency Division Multiplexing See FDM. (communications) frequency division multiplexing - (FDM) The simultaneous transmission of multiple separate signals through a shared medium (such as a wire, optical fibre, or light beam) by modulating, at the transmitter, the separate signals into separable (OFDM (Orthogonal Frequency Division Multiplexing) A digital transmission technique that uses a large number of carriers spaced apart at slightly different frequencies. ) technologies for the Fixed Wireless Access (FWA (Fixed Wireless Access) See fixed wireless. ) market, providing solutions to service providers and enterprise customers, announced today the appointment of Thomas Hearne to Redline's executive management team as chief financial officer. Hearne brings over 10 years of financial management and advisory experience to Redline Communications. Prior to joining Redline, Hearne was CFO See Chief Financial Officer. for Delano Technology Corp. wherein he successfully led Delano to its IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. on 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 . Hearne also held the role of CFO at Open Text Corp., a publicly held company, where he was responsible for the company's investor relations, financial management and acquisition planning. Hearne has also held the roles of VP of Finance at Algorithmics Inc. and European Controller at Alias Research Inc. Hearne holds an MBA from York University, a Bachelor of Economics from Trent University and earned the professional certification of Chartered Accountant. "We are very pleased to have Tom join our management team to direct our financial and strategic growth," said Majed Sifri, Redline Communications 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. . "Tom's extensive finance background will play a key role as we continue to secure a leadership position in the broadband wireless access market." Redline develops point-to-multipoint and point-to-point fixed wireless access systems for the 2-11 GHz market which will be 802.16 compliant, leveraging Redline's expertise in OFDM that enables advanced broadband data distribution. The breakthrough technology provides a low-cost end-user packaged product that breaks the technology and usability barriers that have stifled widespread acceptance of wireless metropolitan area services. About Redline Communications Inc. Founded in 1999, Redline Communications Inc., delivers fixed wireless broadband solutions that enable first-mile connectivity for business and residential markets. The company is leading the development of 802.16 compliant fixed wireless access systems that will break the technology and usability barriers that have prevented end user-provisioned wireless services. The systems leverage Redline's core competency in OFDM to support the delivery of multimedia content such as voice, Internet access, video and data communications. Redline enables service providers to bundle broadband end-user services and bypass the last-mile wireline telephone communication infrastructures. Headquartered in Markham, ON., with international design centers located in Bucharest and Craiova, Romania, Redline Communications Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. whose major investors are Telemedia Corp., Positron Public Safety Inc., and several other private investors. For more information, visit the company Web site at www.redlinecommunications.com. |
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