Techniclone International names Carmelo J. Santoro to board of directors; former Ashton-Tate chairman and Silicon Systems executive to assist in corporate expansion efforts.TUSTIN, Calif.--(BUSINESS WIRE)--July 8, 1996--Techniclone International Corp. (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 :TCLN), a biotechnology company engaged in the research and development of drug delivery systems based on monoclonal antibodies, announced today that Carmelo J. Santoro, Ph.D., former chairman of Ashton-Tate and current chairman of Silicon Systems Inc. and Platinum Software Corp., has joined the company's board of directors. "Dr. Santoro's knowledge of emerging growth companies and his experience with the investment community will be tremendous assets as we pursue our goal of building Techniclone into a fully integrated pharmaceutical company," said Lon H. Stone, chairman, 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. . "He has enjoyed considerable success in bringing dynamic leadership to companies in the semiconductor industry and we are looking to him to bring this same quality to Techniclone as we develop our technologies in the fight against cancer." Dr. Santoro continues to serve as chairman of Silicon Systems Inc., of Tustin, Calif., a seminconductor company specializing in application-specific integrated circuits (ASICs). He originally joined Silicon Systems as a director and shortly thereafter became president and COO. During his eight year tenure, annual sales grew from $10 million to over $180 million. The company was acquired in 1989 by TDK TDK Türk Dil Kurumu (Turkish Language Council) TDK The Dark Knights (gaming clan) TDK Tokyo Denkikagaku Kogyo KK (TDK Electronics Co. Ltd. of Japan. Silicon Systems currently holds the largest share of the global market for mixed signal ASICs in hard disk drives and serves every manufacturer of Micro Winchester drives in the world. Dr. Santoro also serves as chairman of Platinum Software Corp. of Irvine, Calif., a leader in client-server financial software. Under his earlier leadership as CEO, Platinum developed a new corporate strategy, product offering and management team. Dr. Santoro began his career as a senior scientist with Motorola Inc., where he held positions as manager, LSI LSI: see integrated circuit. (Large Scale Integration) Between 3,000 and 100,000 transistors on a chip. See SSI, MSI, VLSI and ULSI. development; product manager, TTL (1) (Time To Live) A parameter in a network packet that sets a time limit to its validity. In order to prevent an IP packet from propagating endlessly through the network, the value in the TTL field is reduced by each router. ; and, operations manager, MOS (1) (Metal Oxide Semiconductor) See MOSFET. (2) (Mean Opinion Score) The quality of a digitized voice line. It is a subjective measurement that is derived entirely by people listening to the calls and scoring the results from . He later served as senior vice president of manufacturing for American Microsystems Inc., Silicon Valley's leading custom/semicustom company. He then served as vice president of integrated circuits for the solid state division of RCA See RCA connector and video/TV history. just prior to joining Silicon Systems. In addition, Dr. Santoro is currently a director of AST Research Inc. of Irvine, Calif.; Dallas Semiconductor Corp.; and S3 Inc. of Santa Clara, Calif. Until its acquisition by Borland, he served eight years as chairman of Ashton-Tate of Torrance, Calif., a manufacturer of microcomputer software. He is also a past member of a number of other boards including Seagate Technology of San Jose, Calif.; The Cerplex Group of Anaheim, Calif.; Paradigm Technology of San Jose, Calif.; P-CAD of San Jose, Calif.; ProTools Inc. of Beaverton, Ore.; and Smartflex Systems Inc. of Tustin, Calif. Dr. Santoro is a member of the School of Engineering Advisory Board, University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). , Irvine; CEO Roundtable, Industry/University Relations, University of California, Irvine; California Business-Higher Education Forum, University of California; and the So Cal Ten, Executive Communications Group. He is a founder and past member of the board of directors of the Orange County Performing Arts Center The Orange County Performing Arts Center is a performing arts complex located in Costa Mesa, California. It is the home of the Pacific Symphony Orchestra, Opera Pacific, the Philharmonic Society of Orange County and the Pacific Chorale. . He is a graduate of Manhattan College, Riverdale, New York and holds a Ph.D. in solid state physics from Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute, at Troy, N.Y.; coeducational; founded and opened 1824 as Rensselaer School; chartered 1826. It was called Rensselaer Institute from 1837 to 1861. , Troy, N.Y. Techniclone International Corp. is a biotechnology company engaged in the research and development of drug delivery systems based on monoclonal antibodies. With the commencement of Phase III trials of the company's lymphoma therapy product, LYM-1, currently being studied in a multi-center clinical trial, the company is now focusing its resources on development of its two most advanced drug delivery systems, Tumor Necrosis Therapy (TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. ) and Vasopermeation Enhancement (VE), for the treatment of solid tumors. The company recently completed equity and licensing transactions of $8.2 million and $3 million, respectively. A substantial portion of these financings will be used to fund development of these two platform technologies. CONTACT: Techniclone International Investors: Cynthia DeMonte/Edward Legere 212/866-7733 or Media: Keatinge & Associates Richard W. Keatinge, Ph.D. 619/625-2100 |
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