SBS Technologies, Inc. Announces Election of New Directors
SBS Technologies, Inc. (Nasdaq: SBSE) today announced that James E. Dixon, Jr., Vice President Finance and Administration, SBS Technologies Inc., and W. Keith McDonald, Senior Vice President, Sales and Marketing Operations, Samsung Semiconductor, Inc., were elected to their first terms to the Company's Board of Directors. Six other incumbent Directors were elected by the Company's shareholders at the Company's Annual Meeting on Monday, November 9, 1998. Mr. Dixon was appointed Vice President of Finance and Administration, Treasurer and Chief Financial Officer of the Company in September 1995. For eight years before joining the Company, Mr. Dixon held the position of Director of Finance, Howden Group America, Inc., a wholly owned subsidiary of Howden Group PLC. Howden Group America's subsidiaries, whose combined annual revenue then exceeded $200 million, specialize in the design and manufacture of air and gas handling equipment, defense-related products and food processing equipment. Mr. Dixon held various controller positions at Westinghouse Electric Corporation from 1971 to 1985. Mr. McDonald has worked in the fields of computer memory and processing technologies throughout his career, and served with several of the world's leading computer companies prior to joining Samsung in 1990. Mr. McDonald held a similar position with Toshiba America, Inc., where he was responsible for the development of the sales organization and sales channels for ASIC, MCU, PCB, memory, and custom device products for the Americas. Before that, Mr. McDonald held various sales and marketing positions with Rockwell International Corporation in the product areas of processor products, chip sets, modems, and computer memories. Mr. McDonald holds supplier council membership with several of the world's leading computer companies. "Keith McDonald brings a wealth of marketing, sales and management experience to our board that will help guide the development of our efforts in this area," said Christopher J. Amenson, Chairman of the Board and Chief Executive Officer. "Jim Dixon has helped guide the development of our corporation since joining SBS in September 1995, and we have valued his contributions and professionalism. Jim can now make increased contributions as a Board member,î continued Amenson. SBS Technologies, Inc. is a leading designer and manufacturer of open-architecture, standard bus embedded computer components that system designers can easily utilize to create a custom solution specific to the user's unique application. SBS product lines include CPU boards, input/output (I/O) modules, avionics modules and analyzers, interconnection and expansion units, telemetry boards, data acquisition software and industrial computers. SBS embedded computer components and systems are used in a variety of applications, such as telecommunications, medical imaging, industrial control and flight instrumentation, in the commercial and aerospace markets. For news releases, product and other information, visit the SBS Web site at http://www.sbs.com. Certain of the foregoing information are forward-looking statements regarding future events or the future financial performance of the Company, and are subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors are: general business and economic conditions; customer acceptance of and demand for the Company's new products; the Company's overall ability to design, test, and introduce new products on a timely basis; the cyclical nature of the markets addressed by the Company's products; and the risk factors listed from time to time in documents filed by the Company with the SEC.