Spectrum Signal Processing Appoints David E. Scott to its Board of Directors, Glen Myers to Retire.BURNABY, British Columbia “Burnaby” redirects here. For persons sharing this surname, see Burnaby (surname). Burnaby, British Columbia, Canada, is the city immediately east of Vancouver. -- Mr. Irving Ebert, Chair of the Board of Directors of Spectrum Signal Processing See DSP. 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 : SSPI SSPI Security Support Provider Interface (Microsoft) SSPI Society of Satellite Professionals International SSPI Steady-State Plasma Insulin SSPI Security Service Provider Interface (Microsoft) )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : SSY SSY Simpson Spence Young (Hong Kong shipbrokers) SSY Siddha Samadhi Yoga SSY Scottish Socialist Youth ), today announced the appointment of David Scott
"I am extremely pleased to welcome David to Spectrum's Board of Directors," stated Mr. Ebert. "David brings to our Board a wide breadth of experience in the defense electronics market and an equally strong network within the international defense community." In 2002 Mr. Scott retired as Chief Executive Officer of General Dynamics Canada. During his tenure with General Dynamics, he led the organization to win and execute multi-billion dollar programs in both North America and Europe. Prior to General Dynamics, Mr. Scott held a number of senior executive positions with Computing Devices International, Computing Devices Canada and Canadian Marconi Company. Mr. Scott is currently an advisor to General Dynamics Government Systems and General Dynamics Canada and a Senior Partner of Risk Management Partners providing consulting services to the government and the aerospace and defense industry. David Scott's appointment follows the retirement of Glen Myers from Spectrum's Board of Directors. "I wish to thank Glen for his important contributions to the company and its Board of Directors," added Mr. Ebert. "Glen helped guide Spectrum through the downturn experienced in the communications electronics industry and was active in focusing the company on its core defense business. Stepping down from our Board will allow Glen to focus on his own start-up venture, IP Fabrics." Today, Spectrum's Board of Directors consists of: - Irving Ebert, Independent Corporate Director (Chair); - Andrew Harries, President and Chief Executive Officer, Zeugma zeug·ma n. 1. A construction in which a single word, especially a verb or an adjective, is applied to two or more nouns when its sense is appropriate to only one of them or to both in different ways, as in He took my advice and my wallet. Systems Inc.; - Jules Meunier, Independent Corporate Director; - Matthew Mohebbi, Vice-President and General Manager, Mobile Satellite Systems and International Marketing, Hughes Networks Systems, Inc.; - Peter Roberts, Independent Corporate Director; - David Scott, Senior Partner, Risk Management Partners; and, - Pascal Spothelfer, President and Chief Executive Officer, Spectrum Signal Processing Inc. ABOUT SPECTRUM SIGNAL PROCESSING INC. Spectrum Signal Processing Inc. (TSX:SSY)(NASDAQ:SSPI) is a leading supplier of software defined platforms for defense electronics applications. Spectrum's products and services are optimized for military communications, signals intelligence, surveillance, electronic warfare and satellite communications applications. Spectrum's integrated, application-ready products provide its customers with compelling time-to-market and performance advantages while mitigating program risk and cost parameters. Spectrum Signal Processing (USA) Inc., based in Columbia, MD, provides applications engineering services and modified commercial-off-the-shelf platforms to the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm(TM) product line, please visit www.spectrumsignal.com. FORWARD-LOOKING SAFE HARBOUR STATEMENT This news release contains forward-looking statements related to Spectrum Signal Processing Inc. These statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve risks and uncertainties, including the timely development and acceptance of Spectrum's new products, the impact of competitive products and pricing, availability of components, changing market conditions and the other risks detailed from time to time in other company filings. Actual results may differ materially from those projected. These forward-looking statements represent the company's judgment as of the date of this release and Spectrum may or may not update these forward-looking statements in the future. Readers are referred to Spectrum's assumptions and risk factors set out in the most current Form 20-F filed with the Securities and Exchange Commission and the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
(TM) flexComm is a trademark of Spectrum Signal Processing Inc. |
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