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Seasoned Technology Executives Launch Electronic Design Firm.

Business Editors/High-Tech Writers/Health/Medical Writers

PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 2, 2002

UMD Technology, Inc., led by Silicon Forest high-tech pioneers,

providing product and development support for variety of

technology-driven products

A seasoned management team and group of award-winning designers and engineers announce the launch of UMD Technology, Inc., a full service product design and development firm.

The company provides engineering services -- from project conception (commonly known as "napkin stage") to prototype manufacturing -- to the medical, wireless, communications, networking, computing and electronics industries. UMD staff have expertise in: wireless/RF design, analog design, digital design (FPGAs) digital signal processing, software development, mechanical engineering, industrial design, and verification and test.

One of UMD's latest engagements is with Lucent Medical Systems ( of Kirkland, Washington to provide creative industrial design and ergonomic analysis services on a new medical device. The new device is based upon Lucent's patented technology for locating and confirming the position of medical tubes and catheters inside the body of a patient, at the bedside and without X-ray imaging.

Privately held, UMD Technology is led by a management team of electronics and medical industry veterans with a track record of success in previous ventures. Matt Bergeron, former President of Praegitzer Industries (now owned by Tyco, NYSE: TYC) and CEO of e2E Corporation (now owned by Plexus Corporation, Nasdaq: PLXS), serves as President and CEO of UMD Technology, Inc.

Gordon Kuenster, a Silicon Forest icon having served as CEO, founder, CTO and board member of over 10 different companies in the technology and medical industry, serves as UMD's Chairman. Previously, Mr. Kuenster, in the role of CEO, developed Advanced Technology Labs (ATL, now Phillips Ultrasound), a major diagnostic ultrasound company and also Neopath (now Tripath Imaging), a manufacturer of imaging systems for the automatic diagnosis of Pap smear slides. Mr. Kuenster sold ATL to Squibb and served as Group Vice President and Director of Squibb while acquiring additional companies including Spacelabs, Inc., a major provider of patient monitoring systems. Mr. Kuenster was a director of Praegitzer Industries, Inc. prior to its sale to Tyco in December 1999.

"At UMD, we have the excitement and agility of being a new company and the experience and wisdom of an established firm," said Matt Bergeron, UMD CEO. "Customers who choose UMD get a seasoned team of professionals; veterans who have worked together successfully for years," added Bergeron. "UMD is a perfectly suited partner for established companies, start ups, growing enterprises, and research organizations that need to augment their talent with professionals who deliver expertise, imagination, and results."

Since its inception, UMD's seasoned engineering, mechanical and industrial design staff have completed projects for clients in healthcare, wireless services, computer hardware and software, electronics instrument and controls, transportation and recreation industries.

UMD's services are ideally suited to companies that are looking for, faster time-to-market for new products, looking to create next generation products, needing to overcome internal staff or technology limitations, or that want to re-engineer existing products for cost reductions or performance improvements. "UMD is a perfect partner for in-house design and engineering activities," said Tim Weaver, Vice President of Corporate Development, Probe Manufacturing Industries. "They are very nimble at taking ideas from concept to prototype by using the latest electronic design automation tools and collaborative design and engineering practices."

About UMD Technology, Inc.

UMD Technology is a leading product development company servicing the electronic and medical industries. UMD designers and engineers leverage decades of recognized success to offer its customers the best in product development and design, test and verification, prototype assembly and manufacturing analysis and transfer. UMD's proven design teams are versed in a range of engineering disciplines including: analog design, wireless/RF design, digital design (FPGAs), digital signal processing, software, mechanical engineering, industrial design and verification and test.

UMD is headquartered in Portland, Oregon, and has development and sales offices in Portland, Oregon, and Seattle, Washington. Visit or call 888/726-7898 for more information.

UMD and UMD Technology trademarks of UMD Technology, Inc. Other names may be trademarks of their respective owners.

Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated.
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Publication:Business Wire
Date:Oct 2, 2002
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