NETsilicon Appoints Renn Zaphiropoulos Chairman.
Cornelius "Pete" Peterson, president and founder of NETsilicon, said, "Renn has a depth of experience in growing entrepreneurial companies into market leaders, which will serve us well. We welcome him as our Chairman."
Zaphiropoulos, 72, formerly was president and chief executive officer of Versatec, Inc., a leading producer of electrostatic printers and plotters, and a subsidiary of Xerox Corporation (Nyse:XRX). He also is a retired corporate vice president of Xerox Corp. Prior to co-founding Versatec in 1969, Zaphiropoulos held several executive positions with Varian Associates, a manufacturer of analytical instruments and semiconductor equipment. Zaphiropoulos has 29 patents and has written numerous technical papers on a variety of subjects, in addition to digital imaging printing. Zaphiropoulos is a frequent lecturer on management subjects, with audiences at Harvard Business School, Columbia University and Stanford University.
Zaphiropoulos currently serves on the boards of CalComp Technology, Inc. (Nasdaq:CLCP), Optical Coating Laboratory (Nasdaq:OCLI), and Osicom Technologies, Inc., as well as private companies Enfish Technology, Visual Edge, Pacific Access Computer, and IES.
Zaphironpoulos received a bachelor's degree in engineering physics and a master's degree in physics from Lehigh University. He also was awarded an honorary doctorate of engineering degree from Rose-Hulman Institute of Technology in Terre Haute, Indiana, and an honorary doctorate in humanities degree from Southern Utah University.
The Company is a designer, manufacturer and supplier of embedded networking systems. The Company's networking silicon chip products and the accompanying networking software may be incorporated into the basic design of a wide variety of electrical devices, thereby enabling those devices to be connected to a Local Area Network ("LAN") and the Internet. Such network connectivity makes it possible for those devices to be monitored and controlled from a remote location. The Company believes its family of embedded networking system products, the NET+ product line, is the first standards-based networking system to offer a single chip solution that, in conjunction with the physical interface and memory, encompasses all of the required hardware and software necessary to network-enable these electrical devices. The Company's technology is designed to have broad applicability and therefore may be incorporated into virtually any electrical device. The Company's NET+ products and predecessor products are currently contained in an array of imaging products, including printers, scanners, fax machines, copiers and multi-function peripherals manufactured by OEMs such as Minolta Corporation, NEC Corporation and Xerox Corporation. The Company's NET+ products are also in various stages of being incorporated by 21 OEMs into the design of other products in new markets, such as industrial automation equipment, communication devices, data acquisition and test equipment, internet devices and utility monitoring equipment.
For additional product information, please visit the NET+ARM website, http://www.netsilicon.com or call toll free 888-NETARM4. For calls originating outside the United States, call 781-647-1234.
NET+ARM is a trademark of ARM Limited and is exclusively sublicensed to Osicom Technologies, Inc.'s NETsilicon's subsidiary. NETsilicon is a trademark of NETsilicon, Inc. All other trademarks are the property of their respective owners.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the company's ability to develop, produce, and market products that incorporate new technology on a timely basis, that are priced competitively and achieve significant market acceptance; higher expenses associated with the development and marketing of new products; changes in product mix; risks of dependence on third-party component suppliers; inventory risks due to shifts in market demand; the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation; needs for liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission.