Adacel Announces Appointment of Three US Resident Board Members
20 April 2011 - 6:04AM
Business Wire
Adacel (ASX:ADA) announced today that the Company has modified
its formal organizational structure to include three United States
resident citizens as Outside Directors on its North American Board.
These members will act to insulate the Company’s US operations from
foreign ownership where US interests are concerned.
The appointment of the US based Directors opens the door for
Adacel to expand its US defense business presenting exciting new
growth opportunities for the Company. Adacel has already achieved
enormous success on many US government programs and aims to expand
their presence. The Company has won contracts to provide high tech
solutions to the US Department of Defense and the Federal Aviation
Administration (FAA) for air traffic control and pilot simulation
and training systems. Adacel has also supplied much of the air
traffic management automation software for the FAA’s Advanced
Technologies and Oceanic Procedures (ATOP) systems and the advanced
direct voice input cockpit control systems for the F-35 Lightning
II joint strike fighter aircraft.
Adacel’s North American Board is comprised of two US citizen
Corporate Officers, three Inside Directors and three US citizens as
Outside Directors. Mr. Fred Sheldon, President and CEO and Mr. Seth
Brown, CFO will serve as Corporate Officers. The Inside Directors
include Mr. Bill Lang and Mr. Robert Montcalm senior executives in
Adacel’s operations in Montreal, Canada. The third Inside Director
is Mr. Peter Landos of Thorney Investment Group who currently also
sits on the Board of Directors of the parent company Adacel
Technologies Limited in Australia.
The three new US based Directors have been announced by Adacel
as Major General (retired) William L. Bond, Dr. Marvin R. Sambur
and Dr. Anthony J. Tether. These gentlemen are prominent in the US
defense industry and bring a wealth of knowledge and experience to
help build on Adacel’s success in the United States.
MG William (Bill) Bond is a retired United States Army officer
now serving in private industry. Among his many US Army positions
MG Bond served as the Commanding General, Simulations, Training and
Instrumentation Command (now PEO STRI) and Director, Force
Development, Office of the G-8, United States Army, Deputy for
Systems Management and Horizontal Technology Integration, Office of
the Assistant Secretary of the Army (Acquisition, Logistics and
Technology). Following his retirement from a distinguished US Army
career in 2003, MG Bond joined Cypress International in Alexandria
Virginia as Vice President. MG Bond holds a Bachelor of Science
degree in Business Administration from Oregon State University and
a Master of Science Degree in Acquisition and Contract Management
from the Florida Institute of Technology (FIT).
Dr. Marvin (Marv) Sambur former CEO of ITT Defense and Assistant
Secretary of the US Air Force, currently holds the position of
Professor of the Practice at the University of Maryland Clark
School of Engineering, serves on the Board of FARO Technologies and
the SSA Board of OSI Geospatial. He also serves on several
Government Advisory Boards, including the US Air Force Scientific
Advisory Board and the National Academy of Science AF Study Board.
From 2001-2005, Dr Sambur served as Assistant Secretary of the
United States Air Force for Acquisition and Research. In this
position, Dr Sambur formulated and executed a $220 billion Air
Force investment strategy to acquire systems and support services
for worldwide US military operations. He is highly regarded in the
domestic and international defense industry as one of the leading
minds in defense electronics. Dr Sambur completed his undergraduate
studies in Electrical Engineering at the City College of New York,
and earned his MS and PhD in Electrical Engineering at MIT. During
his years in industry, Dr Sambur made many scientific contributions
to speech recognition, information technology, signal processing,
and satellite communication systems, holding patents in well used
consumer products.
Dr. Anthony (Tony) J. Tether was Director of the Defense
Advanced Research Projects Agency (DARPA) from 2001 to his
retirement in 2009. DARPA is the principal Agency within the
Department of Defense for research, development, and demonstration
of concepts, devices, and systems that provide highly advanced new
technology capabilities. As Director, Dr. Tether was responsible
for management of the Agency's projects for high-payoff, innovative
research and development. In 2009, Dr. Tether re-formed The Sequoia
Group (TSG), which serves government and industrial clients. The
Sequoia Group provides program management and strategy development
services to government and industry. He is also a Distinguished
Fellow with the Council on Competitiveness located in Washington
DC. Dr. Tether has served on Army, Navy and Defense Science Boards,
and on the Office of National Drug Control Policy Research and
Development Committee. He is a Life Member of the Institute of
Electrical and Electronics Engineers (IEEE). Dr Tether holds a
Bachelor of Science Electrical Engineering from the Rensselaer
Polytechnic Institute (RPI) and both a Master of Science and a
Ph.D. in Electrical Engineering from Stanford University.
About Adacel
Adacel develops critical aviation, speech recognition, and
advanced simulation systems for military and commercial
applications. Adacel has revolutionized speech applications for
operational direct voice input control systems and interactive
control of computer generated entities in training systems.
Products include Aurora operational air traffic management systems,
aircraft direct voice input control systems, and advanced simulator
systems for security, airport, air traffic control, and pilot
training.
For more information about Adacel please visit
www.Adacel.com.
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