Printer Friendly


Robert C. Montgomery appointed Executive Vice President and
 Chief Operating Officer Timothy L. Walsh and Stephen M. McConnell replace CFO Daniel O. Wagster

BUFFALO GROVE, Ill., March 8 /PRNewswire/ -- Telular Corporation (Nasdaq-NNM: WRLS) today announced scheduling for shipment in 1996 of a $19 million order for its PhoneCell SXH fixed wireless terminal (FWT) from Motorola's Cellular Infrastructure Group (CIG) for deployment in Hungary. Orders for another $6 million of FWTs will be scheduled for delivery in early 1997 by the customer in the near future. The Company, in conjunction with its ongoing restructuring program, also announced that Robert C. Montgomery has been appointed Executive Vice President and Chief Operating Officer.

Motorola Hungary Program Update

The Company announced that it had received a purchase order for $25 million specially customized FWTs from Motorola CIG, supporting its contract with MATAV, a Hungarian telephone service provider. The order constitutes the customer's scheduled FWT requirement from late May 1996 through October 1996, with the remaining "Phase 1 FWTs" scheduled for shipment in early 1997. Telular had previously announced receipt of the initial award, subject to meeting all customer and Hungary agency specifications, in October 1995. "This order signifies the substantial progress that we have made on the customization of our PhoneCell SXH product to meet Motorola/MATAV requirements for wireless local loop (WLL) phone service. To date, all customer and regulatory approvals required to bring the SXH to full-scale commercial production have been obtained," commented William L. DeNicolo, Telular's Chairman and Chief Executive Officer.

Robert C. Montgomery appointed Executive Vice President and COO

The Company announced that Robert C. Montgomery has been appointed executive vice president and chief operating officer. Montgomery, 54, had been president of Telular-Adcor, Telular's wireless security alarm subsidiary, headquartered in Atlanta, GA. "This action allows Telular to take full advantage of Robert Montgomery's extensive experience in marketing, manufacturing and operations on a company-wide basis. We look forward to his assumption of the additional responsibilities of COO, where his focus will be to help me move Telular towards profitability as soon as possible," DeNicolo added.

Montgomery earned a bachelor's degree in engineering from Georgia Institute of Technology and an MBA from the Wharton School at the University of Pennsylvania. He is also a former partner with the McKinsey & Company management consulting firm.

CFO Daniel O. Wagster Resigns - Timothy L. Walsh and Stephen M. McConnell to replace

The Company also announced that it had accepted the resignation of Daniel O. Wagster, executive vice president and chief financial officer, effective immediately. DeNicolo said, "Dan has decided to return to the biomedical industry in an operational capacity and we wish him well in his future endeavors. Thanks in part to Dan's training and leadership, we have a talented finance team in place to guide us into the future."

The Company's finance activities have been reorganized into two groups, each headed by a Vice President. Timothy L. Walsh, vice president and treasurer, will have primary responsibilities for treasury, investor relations and external financial reporting. Stephen M. McConnell, vice president, financial analysis and operations accounting, will have responsibilities for financial analysis, MIS and operations control. Gordon T. Jenkins, vice president and controller, will be responsible for operations accounting, reporting to McConnell.

Walsh, 37, joined Telular as controller in April 1993 after serving in a similar capacity at Chicago Bulletproof Corporation. He earned his bachelor's degree at the University of Illinois and an MBA from the University of Chicago's Graduate School of Business. McConnell, 32, joined Telular as manager of finance in March 1994, after serving in various financial management capacities at Northern Telecom. He earned his bachelor's degree at the University of Tennessee and an MBA from the University of Chicago's Graduate School of Business. Jenkins, 47, has served as vice president of finance and controller of Telular-Adcor and its predecessor, Adcor Electronics, since 1986. He has a bachelor's degree in marketing and a Masters of Accountancy from Georgia State University. All three individuals are CPAs.

Founded in 1986, Telular has developed telecommunications interface technology that switches a standard phone system, fax, computer modem or monitored alarm system to available wireless service for either primary or back-up communications. The line of fixed wireless products developed and marketed by Telular includes the PhoneCell(TM) line of products, the modular PhoneCell CPX(TM), the PCSone(TM) intelligent docking station and the AXCELL cellular mobile data interface.
 -0- 3/8/96

/CONTACT: Tim Walsh, Vice President and Treasurer, or Steve McConnell, Vice President, Financial Analysis & Operations Accounting, of Telular Corp., 847-465-4500/


CO: Telular Corporation ST: Illinois IN: TLS SU: PER

TC-BG -- CLF024 -- 1711 03/08/96 16:31 EST
COPYRIGHT 1996 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 8, 1996

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters