Newport Digital Technologies, Inc. Announces Appointment of Gary DeMel as Chief Executive Officer
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NEWPORT BEACH, CA, Jun 29 (MARKET WIRE) --
Newport Digital Technologies, Inc. (OTCBB: NPDT) announced today that it
has appointed Mr. Gary DeMel as Chief Executive Officer. Mr. DeMel is a
twenty-eight year veteran of the semiconductor and high-tech industries,
and has held several senior management positions within Intel Corp., ATI
Inc., and Level One Communications, Inc. in driving their efforts into
the worldwide leadership position in wireless, computing, networking,
gaming and graphic markets. Mr. DeMel, as Intel's Senior Director of
Worldwide Sales and Business Development, created and directed most of
Intel's strategic partnerships and was responsible for their most
successful investments in leading-edge startups, including driving ATI
Technologies, AMD, Tarari Inc., and LSI Logic as their Senior Vice
President.
Newport Digital Chairman Richard Damion said, "We are excited to
announce the appointment of Mr. DeMel as our new CEO. He will focus
immediately on driving the expansion of III, ITRI and NDT's intellectual
property in leading edge technologies and products with synergic OEMs
(Original Equipment Manufacturers), AIBs, (Add In Board partners), ODMs,
(Original Design Manufacturer) system integrators, distributors, and all
of our targeted strategic partners worldwide."
Said newly appointed CEO, Gary DeMel, "I intend to create an immediate
presence worldwide by developing for NDT a seasoned direct, channel and
distribution sales organization focused on driving the manufacturing and
commercialization of NDT's leading edge intellectual property with
strategic partnerships. I also intend to work closely to unite and drive
Taiwan's advanced engineering institutes to understand the world's OEMs',
ODMs' and system integrators' roadmaps to escalate design, manufacturing
and time to market with a number of leading edge and very profitable
products."
Newport Digital President Michael Lutton added, "Mr. DeMel is an
innovative leader, excellent at creative team building, and running
successful and profitable worldwide organizations in the wireless,
computing and networking technology markets. We look forward to leveraging
his extensive experience to help NDT accelerate the introduction and sales
of its wireless technologies."
By way of background, Mr. DeMel was responsible for creating a strategic
partnership between Intel and ATI. As Senior Vice President, he was the
driving force behind the recreation of ATI (including ATI's Taiwan, Japan
and US design center) where he increased revenues at a record breaking
rate, from $550 million to over a $1.9 billion in two years. He later
drove ATI into their new $125 million plus revenue divisions supporting
the wireless, work station, and telecommunications markets.
As Senior Director of Sales and Business Development at Intel, Mr. DeMel
developed Intel's Enterprise Computing Division, integration strategy and
post acquisition ECD - High Performance Computing and Communications
division efforts worldwide and led the strategy enabling Intel to be the
largest supplier of enterprise wireless, computing, networking,
communications, memory and application specific (ASICs) electronics in the
world. He set the vision and worldwide strategy for the sales, marketing
and business development efforts that drove Intel's revenue growth from
$680 million to greater than $3.4 billion in combined global OEM and
channel revenues in a 5-year period.
Mr. DeMel also raised over $70M+ of venture capital funds from 2002
through 2007 that led the building of three of Intel's leading edge
companies that are recognized as the global leader in the high performance
computing, wireless communications and networking markets while driving
the worldwide demand in server technologies.
As the Senior Director at Level One Communications, Mr. DeMel created
the partnership between Intel and Level One that led to key partnerships
at Intel, IBM, Dell, HP and Cisco that accounted for over half of Level
One's annual revenue and led to the $2.2 billion acquisition in 1999. Mr.
DeMel was responsible for the dramatic annual revenue growth at Level One
Communications for four consecutive years, from $20 million to more than
$680 million and Intel's post acquisition revenues of Level One that grew
from $680 million to over $3.4 billion under his sales, marketing,
operations and business development leadership.
Mr. DeMel led Tarari Inc. as the first true spinout of Intel Corp. As
their Senior Vice President, he drove the company's engineering and
product development from its inception and was responsible for servicing
the DOD, Homeland Security, high performance computing, and Alta-High
performance server farms. He achieved $58 million in annual revenue in
the first year of sales and to over $370 million in revenue in its third
year, helping lead Tarari to being acquired by LSI Logic for over $1.4
billion.
Damion concluded by stating, "Mr. DeMel has terrific experience for
driving key corporate level relationships and has an outstanding track
record in building strong sales organizations. He has extensive experience
with Taiwan industry and will be able to help NDT build on its
relationship with III and ITRI in bringing leading edge technologies to
market."
ABOUT NEWPORT DIGITAL TECHNOLOGIES, INC.
Newport Digital Technologies, Inc. (www.newportdt.com) is a technology
solutions driven company organized to focus on serving five of the
fastest-emerging businesses in the technology space -- RFID
(radio-frequency identification), WiMax, eLearning, Digital Signage & LED
Lighting and Security & Surveillance solutions. NDT develops and delivers
these technology solutions through strategic collaborations with global
partners, including Taiwan Industry and Taiwan's premier technology R&D
incubators -- the Institute for Information Industry (III)
www.iii.org.tw/english and the Industrial Technology Research Institute
(ITRI) www.itri.org.tw/eng. Once developed, NDT customizes these
technology solutions and markets them through Fortune 1000 channel
partners and systems integrators on a worldwide basis.
This press release contains certain forward-looking statements with
respect to NDT and its business. Statements that are not historical facts
are identified as "forward-looking statements." The words "estimate,"
"project," "intend," "expect," "believe," "plan," and similar expressions,
particularly when used in the "future tense," are intended to identify
forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the
date of this release. Information on potential risk factors that could
affect the Company's business plans and financial results can be found in
the Company's reports filed with the Securities and Exchange Commission.
The Company assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.
Newport Digital Technologies, Inc.
620 Newport Center Drive Suite 570
Newport Beach, CA 92660
Contact:
Gary DeMel
Email: Email Contact
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