Pittsburgh, PA — (press release excerpt) — TimeSys Corp. today announced that it has added four new executives to its management team. Kurt Friedrich is the company's new Vice President of Engineering; John Bugos joins as the company's new Chief Financial Officer; Mike Brennan, as Vice President of Business Development; and Vincent Thomas, as Vice President of International Business Development . . .

Kurt Friedrich, Vice President Engineering — manages the deployment of all TimeSys products. Kurt has 30 years experience in the computer industry, almost all of it working in the operating system organizations within major computer companies. At Digital Equipment Corporation, he was the Product Manager for the RSX-11M operating systems, the Engineering Manager of the VAX/VMS operating system, and the Vice President of the Open Systems group, which produced Digital's UNIX products. At Hewlett-Packard he was the General Manger of the Open Systems Division, which was responsible for HP's
HP-UX UNIX, DCE, and CORBA products. Kurt was the Senior Vice President of Engineering for Tandem Computers, where he was responsible for the hardware, operating system, database, and transaction processing software for Tandem's Non-Stop product line. More recently Kurt was Chief Technical Officer for the Internet startup Open Market, and Vice President of Engineering and Services for the Clariion division of Data General. In addition to a BSEE from Carnegie Mellon University, Kurt received an MBA from Northeastern University.

John Bugos, Chief Financial Officer — responsible for directing corporate financial and corporate development activities. Prior to joining TimeSys,
John served as Vice President of Finance and CFO at EJIVA Inc. (an IGATE Capital portfolio company). Previously, he held a series of finance and administration positions with FORE Systems Inc. (later merged into Marconi
PLC), and eventually being named Vice President of Finance for Marconi Communications. Mr. Bugos has also served a diverse set of clients and industries on financial and operational issues as a management consultant with both Deloitte & Touche LLP and Booz Allen & Hamilton. Mr. Bugos holds a BS in Mechanical Engineering from the University of Pittsburgh and an MBA from Carnegie Mellon University.

Mike Brennan, Vice President of Business Development — responsible for developing and managing domestic strategic business relationships for
TimeSys. He has more than 10 years of executive marketing and business development experience with several entrepreneurial ventures, including
Laminar Software, Webmedx, and Industry.Net. Mike started his career as a marketing manager with IBM Corporation. He received an M.B.A. from Harvard
Business School and a Bachelor of Science from Carnegie Mellon University in Economics and Industrial Engineering.

Vincent Thomas, Vice President International Business Development — over 15 years of experience in international high tech companies. Most recently
Vincent was Director of International Operations for web services pioneer Bowstreet, where he was responsible for establishing the company's overseas locations and forging strategic relationships with systems integration partners. Prior to that, Vincent was the first employee in Asia Pacific for then network and systems management startup company Tivoli Systems, and was responsible for establishing the company throughout the region. As Managing Director of Tivoli Systems Japan Inc., he was instrumental in growing Tivoli from a private company to a multibillion-dollar IBM company. Fluent in
Japanese, he also held various sales and management positions at Itochu Techno-Science Corp., the technical arm of Japan's largest trading company Itochu Corporation. A native of Ireland, Thomas holds a B.Sc. in Engineering from Dublin Institute of Technology.

 
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