Spectrum Signal Processing Appoints David E. Scott to its Board of Directors, Glen Myers to Retire
10:01 a.m. 07/26/2005 Provided by
BURNABY, BRITISH COLUMBIA, Jul 26, 2005 (CCNMatthews via COMTEX) -- Mr. Irving Ebert, Chair of the Board of Directors of Spectrum Signal Processing Inc. (SSPI), today announced the appointment of David Scott to the company's Board of Directors and as a member of its Compensation and Nomination Committee.
"I am extremely pleased to welcome David to Spectrum's Board of Directors," stated Mr. Ebert. "David brings to our Board a wide breadth of experience in the defense electronics market and an equally strong network within the international defense community."
In 2002 Mr. Scott retired as Chief Executive Officer of General Dynamics Canada. During his tenure with General Dynamics, he led the organization to win and execute multi-billion dollar programs in both North America and Europe.Prior to General Dynamics, Mr. Scott held a number of senior executive positions with Computing Devices International, Computing Devices Canada and Canadian Marconi Company. Mr. Scott is currently an advisor to General Dynamics Government Systems and General Dynamics Canada and a Senior Partner of Risk Management Partners providing consulting services to the government and the aerospace and defense industry.
David Scott's appointment follows the retirement of Glen Myers from Spectrum's Board of Directors.
"I wish to thank Glen for his important contributions to the company and its Board of Directors," added Mr. Ebert. "Glen helped guide Spectrum through the downturn experienced in the communications electronics industry and was active in focusing the company on its core defense business. Stepping down from our Board will allow Glen to focus on his own start-up venture, IP Fabrics."
Today, Spectrum's Board of Directors consists of:
- Irving Ebert, Independent Corporate Director (Chair);
- Andrew Harries, President and Chief Executive Officer, Zeugma Systems Inc.;
- Jules Meunier, Independent Corporate Director;
- Matthew Mohebbi, Vice-President and General Manager, Mobile Satellite Systems and International Marketing, Hughes Networks Systems, Inc.;
- Peter Roberts, Independent Corporate Director;
- David Scott, Senior Partner, Risk Management Partners; and,
- Pascal Spothelfer, President and Chief Executive Officer, Spectrum Signal Processing Inc.
ABOUT SPECTRUM SIGNAL PROCESSING INC.
Spectrum Signal Processing Inc. (SSPI) is a leading supplier of software defined platforms for defense electronics applications. Spectrum's products and services are optimized for military communications, signals intelligence, surveillance, electronic warfare and satellite communications applications. Spectrum's integrated, application-ready products provide its customers with compelling time-to-market and performance advantages while mitigating program risk and cost parameters. Spectrum Signal Processing (USA) Inc., based in Columbia, MD, provides applications engineering services and modified commercial-off-the-shelf platforms to the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm(TM) product line, please visit www.spectrumsignal.com .
FORWARD-LOOKING SAFE HARBOUR STATEMENT
This news release contains forward-looking statements related to Spectrum Signal Processing Inc. These statements 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 Spectrum's new products, the impact of competitive products and pricing, availability of components, changing market conditions and the other risks detailed from time to time in other company 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 and Spectrum may or may not update these forward-looking statements in the future. Readers are referred to Spectrum's assumptions and risk factors set out in the most current Form 20-F filed with the Securities and Exchange Commission and the British Columbia Securities Commission.
(TM) flexComm is a trademark of Spectrum Signal Processing Inc.
Spectrum Signal Processing Inc. Brent Flichel Business Media and Investor Relations (604) 676-6733 brent_flichel@spectrumsignal.com www.spectrumsignal.com
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