PixTech Announces New President; Dieter Mezger,
Electronics Industry Veteran, Joins Effective Today
SANTA CLARA, Calif., and ROUSSET, France, March 25 /PRNewswire/ -- PixTech, Inc. (Nasdaq; Easdaq: PIXT) today announced Dieter Mezger, a 30-year electronics industry veteran, will join the Company as President, effective today. Operating from PixTech's U.S.office in Santa Clara, California, Mezger will focus on optimizing all day-to-day operations including manufacturing, marketing and finance, and on representing PixTech within the FED alliance. Mezger will report to Jean-Luc Grand-Clement, whom he replaced as President, and who remains PixTech's Chairman and Chief Executive Officer.
Jean-Luc Grand Clement stated, ''Dieter Mezger brings PixTech a wealth of management, marketing, sales, operations and financial experience. He has the necessary leadership strength to help PixTech evolve to the next level as a FED manufacturing and marketing company. His addition brings depth to our senior management team, and allows me to focus on our corporate vision, technology roadmap and growth opportunities. I look forward to Dieter's immediate contributions to PixTech.''
Since 1990, Mezger has been President of Compass Design Automation, a wholly-owned subsidiary of VLSI Technology, Inc., which develops and markets CAD software tools for IC design. In 1984, Mezger established VLSI's European presence in Munich, building the European marketing and sales organizations, Design-Centers, R&D operations, as well as its finance and human resources departments. Mezger simultaneously built VLSI's wireless and GSM businesses. Prior to joining VLSI, Mezger's career included fifteen years with Texas Instruments, where he rose to the position of Manager, Sales and Marketing, Europe. He holds a BS in Engineering from the University of Stuttgart.
Mezger stated, ''I am very excited by the opportunity to join the PixTech management team. I believe FED technology, which PixTech pioneered, is the natural successor to today's CRTs,and has the real potential to expand into many applications currently utilizing LCD and other flat-panel display technology. I look forward to working closely with members of PixTech management to bring PixTech to a new level of growth and long-term performance.''
Dieter's appointment will be confirmed by the PixTech Board of Directors prior to the Company's Annual Meeting today in New York City.
About PixTech, Inc.
PixTech designs, develops and manufactures field emission displays (FEDs), a new type of flat-panel display. The company operates a flat-panel display pilot manufacturing facility in Montpellier, France and a R&D facility and sales office in Santa Clara, Calif. PixTech is currently developing high-volume manufacturing capabilities for its FEDs in Taiwan, under a contract manufacturing arrangement with Unipac, a Taiwanese AM-LCD manufacturer. PixTech has also established a marketing partnership with Sumitomo Corporation, its exclusive distributor in Japan. In addition, PixTech has formed an industrial alliance, sharing FED technology, patents and know-how with Motorola, Raytheon and Futaba (Japan). More information is available from the company's web site at www.pixtech.com.
Statements that are not historical facts, including statements about PixTech's confidence and strategies, the timing of its manufacturing plans with Unipac, and its distribution agreement with Sumitomo, the development of new or existing products, technologies and opportunities, market demand or acceptance of new or existing products are forward-looking statements that involve risks and uncertainties. These uncertainties include but are not limited to, the ease or the difficulty of the transfer of the FED technology to Unipac, product demand and market acceptance risks, commitment of Unipac and/or of members of the FED Alliance, ability of the company to expand the FED Alliance, validity and enforceability of PixTech's patent rights, infringement by PixTech of other patent rights, impact of competitive product and prices,product development, commercialization or technological delays or difficulties, trade, legal social and economic risks and other risks detailed in PixTech's Securities and Exchange Commission filing including its Form 10-K for the year 1997.
SOURCE: PixTech, Inc. |
