BEDFORD, Mass., May 31 /PRNewswire-FirstCall/ -- Aware, Inc. (Nasdaq:
AWRE), a worldwide leader and innovator of broadband intellectual property,
today announced that Keith Farris has joined the company as vice president
and chief financial officer. Previous CFO Rob Weiskopf is departing to
pursue other interests.
Mr. Farris was most recently with Lojack Corporation where he was chief
financial officer (2000-2006) during a period of rapid growth in revenues
and profits. He brings over 25 years of experience in senior financial
management positions at Lojack, Arkwright Inc. and Digital Equipment
Corporation, and public accounting experience at the firm of Ernst & Young.
Mr. Farris holds a BA in accounting and an MBA from Northeastern University
and is a Certified Public Accountant.
Michael A. Tzannes, Aware's chief executive officer, said, "Keith is
joining Aware at a time that the company's DSL and biometrics products have
positioned us for revenue and earnings growth. His financial and management
experience are welcomed additions to the Aware team. I also want to express
my thanks to Rob for his contributions at Aware over the last several
years. We all wish him the best for the future."
About Aware
Aware, Inc. designs, develops, licenses and markets DSL technologies
that enable broadband communications over existing telephone networks. Its
solutions, including splitterless G.lite, full-rate ADSL, ADSL2, ADSL2+,
VDSL2, Bonded ADSL2+, Dr. DSL(R), StratiPHY(TM), StratiPHY-Bonded(TM),
StratiPHY2+(TM), StratiPHY3(TM) and G.SHDSL, address central office as well
as customer premise requirements. Aware is also a leading provider of
standards-based biometric transaction and image compression software
toolkits. More information can be found at http://www.aware.com.
Safe Harbor Warning
Portions of this release contain forward-looking statements regarding
future events and are subject to risks and uncertainties, such as estimates
or projections of future revenue and earnings and the growth of the DSL
market. Aware wishes to caution you that there are factors that could cause
actual results to differ materially from the results indicated by such
statements. These factors include, but are not limited to: we have a unique
business model, our quarterly results are difficult to predict, we depend
on a limited number of licensees, we derive a significant amount of revenue
from a small number of customers, we depend on equipment companies to
incorporate our technology into their products, we face intense competition
from other DSL vendors, DSL technology competes with other technologies for
broadband access, and our business is subject to rapid technological
change. We refer you to the documents Aware files from time to time with
the Securities and Exchange Commission.
Dr. DSL, StratiPHY, StratiPHY2+, StratiPHY3, and StratiPHY-Bonded are
trademarks or registered trademarks of Aware, Inc.
SOURCE Aware, Inc.
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Related links:
http://www.aware.com/
http://www.prnewswire.com/comp/107679.html/
CONTACT:
Sarah LaLiberte of Aware, Inc.,
+1-781-687-0695, sarahl@aware.com
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