At yesterday’s Annual Meeting, John Regazzi,
President and Chief Executive Officer of Giga-tronics (NASDAQ: GIGA),
announced that Mr. Malcolm Levy will join Giga-tronics as Vice President
of Sales and Marketing effective September 2, 2008. Mr. Levy was
previously Executive Vice President of Sales and Marketing with Racal
Instruments, Inc. Over his 20 years of employment at Racal he held
various positions within that company. More recently, Mr. Levy served as
Vice President of Sales of Comarco Wireless Test Solutions of Irvine, CA
and ZK Celltest of Sunnyvale, CA, where he was very effective growing
sales for both companies. Mr. Regazzi said, “Giga-tronics
is very fortunate to have someone with his experience lead our sales
organization.”
As part of our reorganization Mr. Regazzi also announced that effective
immediately, Mr. Rodrick Cross will be Vice President of Japan Business
Development. Mr. Regazzi said, “Mr. Cross is
fluent in Japanese, which will be a boon to Giga-tronics’
getting substantially more business there.”
Mr. Cross will report to Mr. Levy.
Additionally, three weeks ago Giga-tronics added a Business Development
Sales Manager to the Sales and Marketing team, Mr. Simon Thomas. Mr.
Thomas comes to us with excellent sales experience from companies such
as LeCroy, CATC, and Synthesis. He has spent a lot of time in Asia and
knows the small company environment well. Mr. Regazzi said, “We
hired Mr. Thomas to develop business within the systems integrator
market space, help introduce our new power amplifier products, and to
assist with our growth initiatives in Asia. I believe Simon will be an
excellent compliment to Malcolm Levy, who hails from Europe, and who has
better contacts there than in Asia.” Mr.
Thomas will also report to Mr. Levy.
And lastly, Mr. Regazzi indicated that later this week he would be off
to China to conduct the final interviews to hire a selected candidate as
China Regional Sales Manager. Mr. Regazzi said, “While
in China, we will be interviewing additional distributors to increase
our coverage and will also be interviewing companies for delivering
post-sales service and support for our products.”
On the product side, Mr. Regazzi reported that the company won a
multi-year replacement award from Elettronica to supply synthesizers for
the Eurofighter planes. Over the duration of the program it is estimated
that this will result in several million dollars of revenues. This
business was previously awarded to Agilent.
Giga-tronics produces instruments, subsystems and sophisticated
microwave components that have broad applications in both defense
electronics and wireless telecommunications.
Giga-tronics is a publicly held Company, traded on the NASDAQ Capital
Market under the symbol “GIGA”.
This press release contains forward-looking statements concerning
profitability, backlog and shipments. Actual results may differ
significantly due to risks and uncertainties, such as future orders,
cancellations or deferrals, disputes over performance and the ability to
collect receivables. For further discussion, see Giga-tronics’
annual report on Form 10-K for the fiscal year ended March 29, 2008 Part
I, under the heading “Risk Factors”
and Part II, under the heading “Management’s
Discussion and Analysis of Financial Condition and Results of Operations”.