news
Manhattan Scientifics, Inc. Names Jack Harrod as
Chief Operating Officer
PR Newswire - August 10, 1998 10:16
NEW YORK, Aug. 10 /PRNewswire/ -- Manhattan Scientifics, Inc. (OTC Bulletin
Board: MHTX) announced today that Jack Harrod, a former executive vice president at
Texas Instruments, has joined the company as its chief operating officer. Harrod directed
the Digital Imaging efforts at Texas Instruments that began as an entrepreneurial venture
and led it through development and market introduction of a major line of products
based on Digital Light Processing (DLP(TM)) technology and the Digital Micromirror
Device (DMD(TM)). Technologies developed under Harrod's direction won numerous
prizes for innovation including the prestigious "Eduard Rhein Technology Award", PC
Magazine's "New Peripheral Product of the Year" award, and the Academy of
Television Arts and Sciences "Emmy".
During his 32 years at Texas Instruments, Harrod held a variety of leadership positions
including executive vice president in the defense sector where he was responsible for a
business entity that included products such as airborne radars, electro-optic systems,
electronic warfare equipment, radar seekers for missiles, and systems for antisubmarine
warfare.
Describing his plans for directing technology commercialization at Manhattan Scientifics,
Harrod stated, "The Manhattan Scientifics technical teams have done an excellent
development job to date. Robert Hockaday and the energy sector have produced very
promising results in the recent micro fuel cell development. The test results from the new
Holo-Store holographic media development unit are equally encouraging. Our excellent
relationship with the Los Alamos National Laboratory and our Cooperative Research
and Development Agreements (CRADA) with them are a key factor in these advances.
The bottom line is that the opportunities facing us are very exciting, but we also face the
challenge to rapidly develop the technologies to commercialization and to create quality,
profitable products. A significant additional role for me as chief operating officer will be
to identify potential strategic partners and to develop alliances that help us manufacture
and market our products."
Harrod's acceptance of the chief operating officer duties closely follows a shift in the
major controlling financial interest of Manhattan Scientifics from Projectavision (Nasdaq:
PJTV) to an institutional money management fund. Marvin Maslow, chief executive
officer of Manhattan Scientifics, described how he views the addition of Jack Harrod as
the new COO: "Jack Harrod is a mover that makes big things happen quickly. He has
cultivated a global network of business contacts which will interface perfectly with our
Business Plan -- to secure a strategic corporate relationship with one or more global
companies in the energy and data storage fields. Jack is an entrepreneur at heart who
has built businesses from start up concepts to $1 billion sales potential while at Texas
Instruments. His vision and leadership will position us to rapidly advance our
technologies to commercialization."
Manhattan Scientifics, Inc. with research headquarters in Los Alamos, New Mexico,
and business offices in New York City , is a technology incubator currently developing
patented technologies that address two critical issues in the advancement of consumer
and commercial electronics: portable power and holographic media for data storage.
Copies of Manhattan Scientifics press releases, SEC filings, current quotes, stock charts
and other useful information for investors may be found on the websites
www.manhattsci.com and www.hawkassociates.com.
The foregoing press release contains forward-looking statements, including statements
regarding the company's expectation of its future business. These forward looking
statements are based largely on the company's expectations and are subject to a number
of risks and uncertainties, certain of which are beyond the company's control. Actual
results could differ materially from these forward-looking statements as a result of a
variety of factors including successfully completing the research and development with
respect to the micro fuel cell, successfully commercializing the micro fuel cell for mass
production, successfully protecting the company's patents, and effective significant
industry competition from various entities whose research and development, financial,
sales and marketing and other capabilities far exceeds the company's. In light of these
risks and uncertainties there can be no assurances that the forward-looking statements in
this press release will in fact transpire or prove to be accurate.
SOURCE Manhattan Scientifics, Inc.
/CONTACT: Executive - Marvin Maslow, CEO of Manhattan Scientifics,
212-971-3000; or Media - Alex Stanton of Stanton-Crenshaw, 212-780-1900, or
alex@stantoncrenshaw.com; or Institutional Investor Relations - Frank Hawkins
of Hawk Associates, 305-852-2383, or Fhawk@hawkassociates.com/
/Web site: hawkassociates.com
/Web site: manhattsci.com
(PJTV MHTX) |
