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Waytronx's Wholly Owned Subsidiary, CUI, Inc., Selects Mark Adams as Its New Vice President of Worldwide Sales
Continuing its move to a technology/licensing based business model, Waytronx re-organizes and verticalizes its sales organization
TUALATIN, Ore., June 30 /PRNewswire-FirstCall/ -- Waytronx, Inc. (OTC Bulletin Board: WYNX), a leading provider of openly licensable advanced systems cooling solutions, announced today that Mark Adams has joined its wholly owned subsidiary, CUI, Inc., as Vice President of Worldwide Sales. He is currently focused on identifying, acquiring, and managing a global sales representative network.
Prior to his arrival at CUI, Adams was a sales and product development leader in the semiconductor industry with more than 17 years of experience. He has acquired and managed major accounts such as Cisco Systems, Juniper Networks, Dell, Hewlett Packard (HP), Intel and others. Adams has represented proprietary products, commodity products, and value-add programs for Zilker Labs, Thorson Pacific, and Future Electronics.
Commenting on the appointment of Mark Adams, Waytronx's CEO & President, William Clough said, "Mark's exceptional background and successful track record in sales to 'Tier One' technology companies makes him a great asset to both Waytronx and CUI. His experience in product development and commercializing emerging technologies gives him access to a broad network of OEM's, which is a perfect strategic fit for our migration to a technology/licensing based business model. Mark also brings a specific focus on power IC's that CUI values as a part of its growth strategy."
Clough concluded that, "Mark's ability to organize and manage a global sales organization, including both internal and external (manufacturing) sales representatives will allow Waytronx to quickly and efficiently bring to market those proprietary technologies like the C14 and AMT Encoders and increase the sales of our core products at CUI. We anticipate he will be a major contributor to the commercialization of the WayCool(TM)/WayFast(TM) Technologies, as well. I am pleased to welcome him to the team."
About Waytronx, Inc.
Waytronx, Inc. has pioneered and is commercializing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others. Utilizing its patented WayCool(TM) hybrid mesh architecture, Waytronx can enhance system performance and remove thermal barriers caused by "microwarming" in today's advanced computing devices. The Company's proprietary central and graphics processor solutions, solar energy cooling solutions and power supply cooling solutions deliver more cost effective and efficient thermal management to the industry. Waytronx changed its name from OnScreen Technologies in December 2007. Waytronx acquired CUI, Inc. in May 2008. For more information, please visit www.waytronx.com.
About CUI, Inc.
CUI, Inc. is a solutions provider of electromechanical components and industrial controls for OEM manufacturing. Since its inception in 1989, CUI has been delivering quality products, extensive application solutions, and superior personal service. CUI's solid customer commitment and honest corporate message are a hallmark in the industry. CUI is a wholly-owned subsidiary of Waytronx, Inc. For more information, please visit www.cui.com.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.
WayCool, WayFast, Waytronx and OnScreen are trademarks of Waytronx, Inc. Other names and brands are the property of their respective owners.
SOURCE Waytronx, Inc.
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