SAMSys Technologies CTO To Change Roles
Stock Symbol: SMY
Listing: Toronto Stock Exchange (TSX)
Outstanding Shares: 47.8 Million
Web Site: www.samsys.com
TORONTO, June 28 /CNW/ - SAMSys Technologies Inc. (TSX:SMY), announced
today that chief technology officer Bill Davidson is returning to his original
role of providing consulting services to the company on an outsourced basis.
Davidson will no longer work directly for SAMSys but will continue to assist
on specific solutions and integration projects, the area that has commanded
most of his attention over the last several years. He will also continue to
serve on the SAMSys board and to promote SAMSys readers through third-party
RFID solution consulting projects.
Mike Koch, SAMSys vice president of engineering, will take over
Davidson's reader development responsibilities in collaboration with the
company's engineering team. That team has recently expanded significantly to
address the increasing demand for RFID equipment spurred by major supply chain
initiatives from organizations ranging from Wal-Mart to the U.S. Department of
Defense.
"Bill joined the company at a time when we were focused on proof of
concept, and now we have matured to the point where our efforts are directed
at building a robust and expanding product portfolio," said Cliff Horwitz,
chairman, CEO and president of SAMSys Technologies Inc. "His role therefore
has changed internally, and he can be equally helpful to SAMSys as an external
consultant to the company as well as to firms undergoing RFID implementations
that can benefit from use of our equipment."
"The SAMSys engineering staff is fully equipped to handle product
development moving forward, and this provides an opportune time for me to
return to my roots in real-world solutions and integration consulting,"
Davidson said. "I intend to focus on providing integrated RFID solutions for
the many companies that recognize the value of RFID technology but require
support in realizing the technical details. This will also give me the
opportunity to broaden applications for SAMSys hardware into new areas in
supply chain management and beyond."
Before joining SAMSys, Davidson was founder and president of Hamel
Davidson International, an engineering services firm to which SAMSys
outsourced product development projects. Hamel Davidson was bought out by
SAMSys, and Davidson established an internal engineering department within
SAMSys.
Davidson's return to solutions and consulting will become effective
July 1, 2005, with the establishment of a new RFID solutions company called
RFID Resolution Team. |
