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Daniel Meub Named President and Chief Executive Officer of Adaptive Solutions.

BEAVERTON, Ore.--(BUSINESS WIRE)--Nov. 26, 1996--Adaptive Solutions Inc. (NASDAQ:ADSO) today announced that its board of directors has named Daniel J. Meub president, chief executive officer and a director of the company.

Meub replaces Dan Hammerstrom, the company founder who has been interim chief executive officer.

"We are very pleased that Dan has signed on with Adaptive," said C. Scott Gibson, chairman of the board of Adaptive Solutions. "His software industry experience, including knowledge of the optical character recognition business, will be invaluable as Adaptive proceeds with its focus on providing more complete forms and label processing solutions for its customers. He has the general management, marketing and technical understanding, as well as the leadership skills we require."

Meub joins Adaptive with an extensive career in the management of high technology companies. Most recently he was the Executive Vice President of Marketing and Product Development at Now Software Inc. of Portland, Ore. He has held positions of Vice President of Marketing and Product Development at Calera Recognition Systems of Sunnyvale, Calif. and Vice President/General Manager and Vice President of Corporate Marketing at Central Point Software.

Meub holds a B.A. degree from Stanford University and an M.B.A. from the Kellogg Graduate School of Management at Northwestern University.

"Adaptive has been a strong technology company for years. Their recent progress and strategic partnerships in the label and forms processing market shows focus on a business segment and not just technology," said Meub. "I'm looking forward to applying my general management, software development, and marketing background to helping them address these hot market opportunities."

Adaptive Solutions, headquartered in Beaverton, pioneered data parallel processing for advanced pattern recognition, image processing and ICR applications. Adaptive Solutions designs and manufactures forms and label processing products using the CNAPS architecture for the transportation markets. The company was founded in 1988, had 1995 sales of $10.7 million and has 30 employees.

CONTACT: Harris Massey Herinckx

Fletcher Chamberlin, 503/295-1922 (IR Counsel)
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Publication:Business Wire
Date:Nov 26, 1996
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