William Miller and Bernard Whitney Elected to Digimarc Board of Directors; New Directors Bring Expertise in Managing Technology
June 08 2005 - 7:26PM
Business Wire
Digimarc Corporation (NASDAQ:DMRCE) today announced the election of
William Miller and Bernard Whitney to its Board of Directors. The
new directors are veteran business executives who bring a wealth of
experience managing the financial and operational aspects of
high-growth technology companies such as Avid Technology and
Handspring. "Digimarc has grown from $200,000 in revenue in 1997 to
approximately $100 million today. As we prepare for our next phase
of growth, we were looking for highly competent finance and
executive talent to complement our existing Board skills and
provide the wisdom and guidance we need to manage the significant
growth we anticipate," said Bruce Davis, chairman and CEO,
Digimarc. "Bill Miller and Bern Whitney each bring valuable
experience and knowledge in understanding the strategies,
infrastructure and systems requirements to support and sustain
rapid, profitable growth. The addition of these two talented
directors rounds out the strong group of advisors already serving
on the Board and will help position Digimarc for the opportunities
ahead." Miller, an independent director and consultant based in
California, is the former chairman and CEO of Avid Technology, a
leader in digital media creation tools for film, video, audio,
animation, games, and broadcast professionals, and former chairman
and CEO of Quantum Corporation, a developer of storage technology.
Miller has also held senior management positions at Control Data
Corporation, now known as Control Data Systems with respect to the
consumer systems business and Ceridien Corporation with respect to
the services businesses. He began his career as an attorney.
Whitney is the former CFO and vice president of Handspring Inc.,
where he was an instrumental part of the start-up team that grew
the Company's revenues to $370 million in the first two years, took
the Company public in its third year and lead additional financing
efforts. Prior to his role at Handspring, Whitney held senior
finance positions at Sanmina Corporation, Network General
Corporation, Conner Peripherals, and Friden Alcatel. Like Miller,
Whitney is an independent director and consultant based in
California. Both Miller and Whitney currently serve as directors at
other companies. Miller is on the Board of Directors of three
public companies, Nvidia Corporation (NASDAQ: NVDA), Waters
Corporation (NYSE: WAT) and Viewsonic Corporation. Whitney
currently serves on the Board of Directors of Plumtree Software
Inc. (NASDAQ: PLUM) and the California State University Business
School. About Digimarc Digimarc Corporation (NASDAQ: DMRCE), based
in Beaverton, Oregon, is a leading supplier of secure media
solutions used in a wide range of security, identification and
digital media content applications. Digimarc provides products and
services that enable the production of more than 60 million
personal identification documents, including two-thirds of U.S.
driver licenses and IDs for more than 20 countries. Digimarc's
digital watermarking technology provides a persistent digital
identity for various media content and is used to enhance the
security of financial documents, identity documents and digital
images, and support other media rights management applications.
Digimarc has an extensive intellectual property portfolio, with 194
issued U.S. patents with more than 4,000 claims, and more than 400
pending patent applications in digital watermarking, personal
identification and related technologies. The Company is
headquartered in Beaverton, Oregon, with other U.S. offices in
Burlington, Massachusetts; Fort Wayne, Indiana; and the Washington
DC area; and international offices in London and Mexico. Please go
to www.digimarc.com for more Company information. Securities Safe
Harbor With the exception of historical information contained in
this release, the matters described herein contain certain
"forward-looking statements" that are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements include statements
relating to significant growth opportunities and other statements
containing the words "believes," "expects," "estimates,"
"anticipates," "will" or words of similar import or statements of
management's opinion. These statements are based on management's
current reasonable expectations and are subject to certain
assumptions, risks, uncertainties and changes in circumstances.
Actual results may vary materially from those expressed or implied
from the statements herein or from historical results, due to
changes in economic, business, competitive, technological and/or
regulatory factors. More detailed information about these factors
is set forth in filings by Digimarc with the Securities and
Exchange Commission, including the most recent annual report on
Form 10-K and the most recent quarterly report on Form 10-Q.
Digimarc is not obligated to (and expressly disclaims any
obligation to) revise or update any forward-looking statements in
order to reflect events or circumstances, whether they arise as a
result of new information, future events, or otherwise.
Digimarc (NASDAQ:DMRCE)
Historical Stock Chart
From Sep 2024 to Oct 2024
Digimarc (NASDAQ:DMRCE)
Historical Stock Chart
From Oct 2023 to Oct 2024