Xybernaut Appoints Noritsugu Yamaoka, Former IBM Executive, to Board of Directors.
FAIRFAX, Va.--(BUSINESS WIRE)--March 11, 2003
Independent Director Brings 30-years of Experience in International Business and Technology Development to Xybernaut
Xybernaut(R) Corporation (NASDAQ:XYBR) today announced the appointment of Noritsugu Yamaoka as an independent member of the Company's Board of Directors.
Yamaoka, whose career includes more than three-decades with IBM, has largely been focused on international business and computing technology development. Yamaoka continues to serve as a senior advisor to IBM.
As General Manager from 1994 - 2002 for IBM Technology Market Development, Yamaoka concentrated on Sales and Marketing of vital IBM technologies including semiconductors, processors, inter-connect panels, storage, displays, servers, tape technologies and others.
Additionally, as General Manager Yamaoka was responsible for key technology alliances with major Japanese technology companies such as Hitachi, Toshiba, NEC, Fujitsu, Sony, Matsushita, Kyocera, Nintendo, Canon, and others.
During Yamaoka's tenure as General Manager of IBM Technology Market Development, revenues for that division grew by more than 40% per year, culminating in sales of $1.5 billion (USD).
Yamaoka also brings extensive experience in corporate re-engineering, manufacturing, product development, sales support and channel management.
Yamaoka, who speaks fluent Japanese and English, began his career as an engineer. He holds a Bachelor of Science degree in Electronics Communication from Waseda University (Tokyo, Japan) and completed advanced degree coursework at Syracuse University (SIS) and the University of Michigan (Business Administration).
"We are very fortunate to add Noritsugu's experience and business acumen to our board and we look forward to leveraging his extensive network and learning from his decades of international business success," said Edward Newman, chairman, president and CEO of Xybernaut. "Noritsugu's appointment, together with the recent appointment of Ambassador Marc Ginsberg, strengthens our board with the addition of two accomplished independent directors."
Xybernaut Corporation is the leading provider of wearable/mobile computing hardware, software and services, bringing communications and full-function computing power in a hands-free design to people when and where they need it. Headquartered in Fairfax, Virginia, Xybernaut has offices and subsidiaries in Europe (Germany) and Asia (Japan). Visit Xybernaut's Web site at www.xybernaut.com.
Xybernaut, the Xybernaut logo and Mobile Assistant(R) V (MA(R) V) are trademarks or registered trademarks of Xybernaut Corporation in the USA and other countries. All other brand and product names are or may be trademarks of, and are used to identify products or services of, their respective owners.
This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the "Act").
In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act.
Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements.
Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings.
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|Date:||Mar 11, 2003|
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