BURNABY, British Columbia, Nov. 4 /PRNewswire/ -- Spectrum Signal
Processing Inc. (Nasdaq: SSPIF / TSE: SSY) welcomes the addition of Ken
Spencer to Spectrum's Board of Directors. Dr. Spencer brings 25 years of
experience in the high technology industry and an accomplished entrepreneurial
background including founding and building a successful high-tech company to
revenues of $140 Million. He also boasts an accomplished educational
background, including a Ph.D. in Electrical Engineering and an MBA degree. In
his role as Director, Ken will be actively involved with Spectrum's senior
management team in developing strategies to capitalize on opportunities in the
expanding DSP market.
In 1983 Dr. Spencer co-founded Creo Products Inc., a private company with
revenues of $140 Million and 750 employees which supplies state-of-the-art
digital pre-press systems. He was instrumental in the turnaround success of
MacDonald Dettwiler, which was recently acquired by Orbital Sciences, as he
held the position of Vice President and General Manager during its rise. Ken
was also General Manager at Glenayre Technologies Inc., a leading supplier of
telecommunications equipment and related software used by service providers.
Throughout his career Dr. Spencer has played an active roll in raising capital
for the organizations he has been involved in.
"I've been evaluating Spectrum Signal Processing for several months and I
see a company on the threshold of significant growth and feel I can assist in
facilitating this growth," comments Ken Spencer.
In addition to these achievements, Dr. Spencer is well known for his
mentoring skills. He has been an active leader in The AceTech Academy for
CEO's and is celebrated for the mentoring he has provided to the various
executive teams and boards he has been involved with. Dr. Spencer is a former
member of the Science Council of British Columbia and is a Director of Creo
Products Inc., British Columbia Institute of Technology, DE-NOVO Enzymes, and
The AceTech Academy.
Spectrum Signal Processing is the world-wide leading supplier of DSP
system solutions. The company offers DSP software, off-the-shelf hardware,
custom ASIC design and complete custom systems. Customers such as Nortel,
Hewlett-Packard, Northrop Grumman, NEC, IBM, the US Dept. of Defense and
Lockheed Martin benefit from Spectrum's innovative, programmable DSP products,
by gaining competitive advantages such as faster time to market and low-cost
feature set upgradeability. Spectrum Signal Processing is publicly traded on
NASDAQ NMS under the symbol SSPIF and on the TSE under the symbol SSY. The
company is ISO9001 quality certified and is located at No.100 - 8525 Baxter
Place, Burnaby, B.C., Canada ph(604) 421-5422; fax(604) 421-1764. Spectrum
can be found on the web at www.spectrumsignal.com.
Any statements made by the company that are not historical facts are
forward looking statements that are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Forward-
looking statements involve risks and uncertainties, including the timely
development and acceptance of new products, the impact of competitive products
and pricing, changing market conditions and the other risks detailed in the
company's prospectus and from time to time in other filings. Actual results
may differ materially from those projected. These forward-looking statements
represent the company's judgment as of the date of this release. The company
may or may not update these forward looking statements in the future.
SOURCE Spectrum Signal Processing Inc. |
