OXNARD, Calif.--(BUSINESS WIRE)--Dec. 13, 2004--CalAmp Corp.
(NASDAQ:CAMP) announced today that Steve L'Heureux has been appointed
President of the Company's Solutions Division. Tracy Trent, who
formerly served in the role, is leaving CalAmp to pursue other
interests.
Mr. L'Heureux brings to CalAmp over 25 years of sales, marketing
and general management experience in technology companies. Prior to
joining CalAmp, he served as President of the Automation Solutions
Group at Encoda Systems, Inc., a $125 million leader in end-to-end
enterprise software solutions to the media industry. Encoda was
acquired by Harris Corporation last month. While with Encoda, Mr.
L'Heureux developed a world-class consultative solutions selling
organization skilled at winning and servicing multi-million dollar
projects that drove double-digit revenue and profit growth. Before
Encoda, Mr. L'Heureux served as President of Odetics Broadcast, a
subsidiary of Odetics, Inc., where he developed and implemented a
business plan that achieved significant improvements in profitability
and cash flow.
Earlier in his career, Mr. L'Heureux held management level sales
and marketing positions at Eastman Kodak (NYSE:EK), Unisys
Corporation (NYSE:UIS), Itek Graphix Corporation (a division of
Litton Industries), and VC-funded start-up enterprises developing
embedded video processing technology and other content delivery
solutions targeting media related industries.
"I am very pleased to have Steve L'Heureux join our team," said
Fred Sturm, President and Chief Executive Officer of CalAmp. "We
believe that our company will benefit from his industry experience,
proven operational leadership and business development success. I look
forward to working with him as we position CalAmp as a provider of
advanced content delivery solutions."
Steve L'Heureux commented, "I'm excited to be joining CalAmp's
Solutions Division because they are positioned to serve some very
exciting markets where they can leverage their technical depth as well
as key customer and partner relationships. I'm looking forward to
working closely with the company's customers and employees to help
realize the Solutions Division's growth potential."
Mr. L'Heureux graduated magna cum laude from the University of
Wisconsin with a BA degree in Economics.
About CalAmp Corp.
CalAmp is a leading provider of breakthrough wireless and content
delivery solutions, services and products. With comprehensive
capabilities ranging from product inception through production, CalAmp
is a trusted partner delivering cost-effective high quality solutions
to a broad array of customers and markets. CalAmp is one of the
largest suppliers of direct broadcast satellite (DBS) outdoor customer
premise equipment to the U.S. satellite television market and offers
solutions for digital multimedia delivery, residential broadband data
delivery, healthcare, retailing applications, public safety markets
and wireless enterprise connectivity. The company is headquartered in
Oxnard, California and has approximately 600 employees. Founded in
1981, CalAmp has been publicly traded since 1983 as NASDAQ:CAMP.
Forward Looking Statement
Statements in this press release that are not historical in nature
are forward-looking statements, which involve known and unknown risks
and uncertainties. Words such as "may," "will," "expects," "intends,"
"plans," "believes," "seeks," "could," "estimate" and variations of
these words and similar expressions are intended to identify
forward-looking statements. Actual results could differ materially
from those implied by such forward-looking statements due to a variety
of factors, including general and industry economic conditions,
competition, development factors, operating costs, the Company's
ability to integrate the Vytek acquisition successfully, and other
risks and uncertainties that are detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
Although the Company believes the expectations reflected in such
forward-looking statements are based upon reasonable assumptions, it
can give no assurance that its expectations will be attained. The
Company undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT: CalAmp
Rick Vitelle, 805-987-9000
or
CCG Investor Relations
Crocker Coulson, 818-789-0100
crocker.coulson@ccgir.com
SOURCE: CalAmp Corp.