Fred Novick Joins Objective Communications as Vice President of Engineering
PORTSMOUTH, N.H.--(BUSINESS WIRE)--July 13, 1999--Objective Communications(R), Inc. (Nasdaq SmallCap Market: OCOM & OCOMU), announced today the appointment of Fred C. Novick as Vice President of Engineering.
Novick brings to Objective Communications more than twenty-five years of experience designing and developing complex telecommunications products, systems, and platforms. His experience includes extensive R&D management, and executive management roles at Nortel/BNR, Siemens, DSC, and Wavtrace, directing the development and delivery of large-scale products into a wide variety of broadband, wireless, domestic, and international telecommunications environments. Novick has a proven track record developing leading-edge technology and products. At Objective Communications, Fred has responsibility for the Company's systems engineering and product design and development activities and is a member of the Company's executive team, reporting directly to Jim F. Bunker, President and CEO.
"I am very enthusiastic about joining the Objective team at this exciting stage of the company. I'm delighted to have the opportunity to help guide the VidPhone system and technology evolution, and I believe my new role will be an exciting and challenging one," said Novick.
"The VidPhone system's patented technology, unique networking architecture, system capabilities, and product evolution roadmap, position it as a leading-edge communications product for the enterprise," Novick went on to say.
"Fred's qualifications are perfect for this role. His experience in the telecommunications field along with his extensive R&D background will ensure our success in the visual communications area," said Jim Bunker, President and CEO. "Given his expertise in leading-edge technology, we will look to Fred to help us enhance our engineering strategies. We're very excited to have Fred join us, and we look forward to his many contributions at Objective."
About Objective Communications, Inc.
Objective Communications designs, develops and markets the VidPhone system, a full motion, high-resolution video networking system that offers video broadcast distribution, retrieval of stored video-on-demand and interpersonal video communications. The patented VidModem technology enables the VidPhone system to use the same wiring as the telephone to bring TV-quality video to desktops, meeting rooms, lobbies, operating rooms -- anywhere there is a phone jack.
The Company's common stock and units are listed on the NASDAQ SmallCap Market under the symbols "OCOM" and "OCOMU" respectively.
Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results and future events may vary significantly based on a number of factors, including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions and other risk factors detailed in the Company's most recent filings with the Securities and Exchange Commission.
CONTACT:
Press Contact:
Objective Communications
Colleen Seachrist, 603/334-6700
or
Investor Relations Contact:
Lippert/Heilshorn & Associates, Inc.
John Heilshorn/Vince Daniels
212/838-3777
KEYWORD: NEW HAMPSHIRE
BW1399 JUL 13,1999
10:12 PACIFIC
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