29.11.2007 11:20:00
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Argon ST Announces New Roles in Senior Management Team
Argon ST, Inc. (NASDAQ:STST), a leading developer of Command, Control,
Communications, Computers, Combat Systems, Intelligence, Surveillance
and Reconnaissance (C5ISR) systems, announced today that its Board of
Directors has elected Vic Sellier as Executive Vice President and Aaron
Daniels as Vice President, Chief Financial Officer and Treasurer
effective November 27, 2007.
As Executive Vice President, Mr. Sellier will continue his prominent
leadership role in driving Argon’s growth
initiatives as well as managing its corporate infrastructure, to assure
the Company’s continued satisfaction of the
growing demands resulting from the government’s
recognition of Argon ST as a major contractor responsible for programs
of national importance. This new focus will be aimed at providing the
business managers of existing and newly acquired Argon ST operations
with the tools and support to drive efficiencies while meeting the
Company’s growth and profitability objectives.
"Vic has played a significant role in our
success to date,” said Dr. Terry Collins,
Chairman and Chief Executive Officer, Argon ST. "During
the past 10 years, he has not only driven excellence in our support
organizations but also played key roles in our process improvement and
customer and capability expansion initiatives. His unique and diverse
skill set makes him the perfect person to assume responsibility for
supporting operational efficiencies, opportunistic teaming, M&A
initiatives, and ongoing infrastructure integration activities. As we
work toward a second consecutive year of record bookings and backlog, I
anticipate that the addition of this function to our executive
management team will prove to be central to our success."
"Aaron, who has been our Chief Accounting
Officer since August 2006, is a natural fit for the CFO position,”
continued Dr. Collins. "He is a seasoned
executive who brings strong experience in leading the finance operations
of both large and rapidly growing corporations. In addition, he has
spent the last year gaining a thorough understanding of our business.
Aaron will assume responsibility for Sarbanes-Oxley compliance,
financial management, planning, and reporting as well as investor
relations. I am confident that Aaron will continue to drive our focus on
building value for Argon shareholders and will maintain our commitment
to financial excellence established under Vic’s
leadership."
Vic Sellier has been Chief Financial Officer and Treasurer for Argon ST
since July of 2005. Mr. Sellier was one of the three founders of Argon
Engineering in 1997. Prior to the formation of Argon Engineering Mr.
Sellier served as Assistant General Manager from 1989 to 1997 at
E-Systems/Raytheon.
Aaron Daniels has been Argon ST’s Chief
Accounting Officer since August 2006. Prior to joining the company, Mr.
Daniels was the Senior Vice President and Corporate Treasurer at
InPhonic, Inc. From 2000 through 2006, Mr. Daniels held various senior
finance positions at InPhonic including Corporate Treasurer, Senior Vice
President Finance of Liberty Wireless, Acting CFO and Vice President
Finance and Corporate Controller. Previous assignments were in
progressively more senior financial management roles with large public
companies in the Washington metropolitan area, including two years spent
with Coopers and Lybrand, where he earned his CPA (Certified Public
Accountant).
About Argon ST, Inc.
Argon ST, Inc. designs, develops, and produces systems and sensors for
the Command, Control, Communications, Computers, Combat Systems,
Intelligence, Surveillance, and Reconnaissance (C5ISR) markets including
SIGINT (Signals Intelligence), ESM (Electronic Support Measures), EW
(Electronic Warfare), IO (Information Operations), imaging, and acoustic
systems serving domestic and international markets.
Forward-Looking Statements
Statements in this press release which are not historical facts are
forward-looking statements under the provision of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are not
guarantees of future performance and are based upon numerous assumptions
about future conditions that could prove not to be accurate. Forward
looking statements are subject to numerous risks and uncertainties, and
our actual results could differ materially as a result of such risks and
other factors. In addition to those risks specifically mentioned in the
reports filed by the Company with the Securities and Exchange Commission
(including the Company’s Form 10-K for the
fiscal year ended September 30, 2006), such risks and uncertainties
include, but are not limited to: the availability of U.S. and
international government funding for the Company’s
products and services; changes in the U.S. federal government
procurement laws, regulations, policies and budgets (including changes
to respond to budgetary constraints and cost-cutting initiatives); the
number and type of contracts and task orders awarded to the Company; the
exercise by the U.S. government of options to extend the Company’s
contracts; the Company’s ability to retain
contracts during any rebidding process; the timing of Congressional
funding on the Company’s contracts; any
government delay in award or termination of the Company’s
contracts and programs; difficulties in developing and producing
operationally advanced technology systems; the timing and customer
acceptance of contract deliverables; the Company’s
ability to attract and retain qualified personnel, including technical
personnel and personnel with required security clearances; charges from
any future impairment reviews; the future impact of any acquisitions or
divestitures the Company may make; the competitive environment for
defense and intelligence information technology products and services;
general economic, business and political conditions domestically and
internationally; and other factors affecting the Company’s
business that are beyond its control. All of the forward-looking
statements should be considered in light of these factors. Investors
should not put undue reliance on any forward-looking statements. We
undertake no obligation to update these forward-looking statements to
reflect new information, future events or otherwise.
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