FOR IMMEDIATE RELEASE,
January 17, 2010
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SemiNex Incorporated Announces New Additional Board Members
SemiNex is proud to announce Ed Jarvis and George Lauro as the newest members of the board of SemiNex.
Peabody, MA - January 17, 2012 - SemiNex Corporation; a manufacture of 14XX and 15XX laser diodes announced today that the board of directors was expanded to include two new members. Both Mr. Ed Jarvis and Mr. George Lauro are highly respected members of the corporate board and investment community and carry a list of accomplishments and talents that are recognized industry wide.
Mr. Ed Jarvis is the current Chief Executive Officer and Chairman of; Entrata, LLC. At Entrata Mr. Jarvis reduced annual operating costs by $4.5 million, realized $2 million of new revenue within 90 days, and reduced costs of goods sold by $12 million. During this time he also raised an additional $3 million, conceptualized, and founded a company whose mission is to fight childhood obesity. He is also the CEO and executive board member of Threellop, leading the business expansion of DNA computing technologies into the industrial field. During his distinguished career Mr. Jarvis was President/Chairman of numerous companies.
"Ed Jarvis has a career full of success and ambition. SemiNex will greatly benefit from his experience and leadership" says President David Bean.
Mr. Lauro, who is also joining SemiNex's board, is a founding partner of, Alteon Capital, a Venture Development firm based in Cambridge, MA. Alteon Capital is noted for building companies that commercialize advanced technologies. Alteon provides corporate development, equity financing and acts as an M&A advisor. Mr. Lauro has been a partner at Wasserstein Perella where he ran the Silicon Valley technology investing office, and was a partner at Techfarm Venture Capital. He's served on the Board of Directors of 17 public and private companies since 1997. He led and syndicated 15 equity financing rounds, raised over $100M equity financing and was involved in M&A transactions exceeding $1B in combined value. Before becoming a venture capitalist, he was an operating executive. As Director of Rapid Commercialization for IBM, he led a group that brought advanced technologies from IBM's development labs to market, including Silicon Germanium wireless components and GPS. He also was Director of New Business Development for Motorola where he conceived the world's first handheld GPS navigation product (Traxar GPS) and launched Motorola's RFID and GPS business.
Through these positions, Mr. Lauro held a lead role in launching and building several wireless businesses. He holds 23 patents for inventions in radio identification devices, GPS, RFIC's and missile guidance.
"Clearly Mr. Lauro has a substantial footprint in the world of technology. His experience, drive and intelligence will contribute to and accelerate our ongoing success,"says President David Bean, SemiNex President"
Michael Marsh, Greg Smith, and Rod Van Sciver return to the SemiNex board.
"Our returning board members are essential to the ongoing success and direction of SemiNex," says President David Bean, "And now with Ed Jarvis and George Lauro joining, I believe SemiNex is being led by an all-star team."
"We are thrilled to have both Ed and George become members of our board," continued Mr. Bean, "Their expertise and experience will be highly beneficial and I'm looking forward to working with them as part of the team."
SemiNex Corporation designs and manufactures high-power semiconductor lasers for use in military, medical, industrial and dental applications. SemiNex's unique product designs enable lasers with higher powers and improved thermal performance. SemiNex diode technology dramatically lowers the cost per watt of laser power, especially compared to alternate technologies such as sold-state lasers and fiber lasers. Learn more at www.seminex.com.
Tag Words: Lasers, High Power Lasers, 14xx, 15xx, 1550nm, 1532nm, 1470nm, laser engine, C-Mount, COS, HHL, B-Mount, TO9