Silicon Film Technologies Fills Key COO Position with Kodak Executive
Kenneth P. Fay Adds Digital Manufacturing and Operations Expertise
IRVINE, Calif.--(BUSINESS WIRE)--Jan. 21, 2000--Silicon Film Technologies Inc., a leader in electronic film hardware and software, today announced the appointment of Kenneth P. Fay as chief operating officer. At Silicon Film, Fay will oversee the company's engineering and manufacturing functions.
Most recently, Fay served as vice president, Digital & Applied Imaging for the Eastman Kodak Co. (NYSE:EK - news) and as the executive director of Chinon Industries Inc., Kodak's digital camera manufacturing subsidiary in Nagano, Japan. Fay was responsible for operations at Chinon's facilities, which produces several hundred thousand Kodak digital cameras annually with 1999 revenues in excess of $300 million. He also led the team that established Kodak's first wholly owned manufacturing company in China and was the general manager of Kodak Electronic Products (Shanghai), Ltd.
``We believe Mr. Fay's credentials and experience are ideal for the growth of our company,'' said Robert I. Webber, president and chief executive officer of Silicon Film Technologies. ``As we approach the launch of our EFS-1 digital imaging solution, Ken will step into a very important role to help us move beyond the development stage of our business to technology integration and volume production.''
``It's exciting to be in on the ground floor of a truly unique digital imaging technology, particularly one that is so relevant to my own background. Silicon Film's business model of expanding digital imaging choices by complementing film rather than competing with it is very compelling,'' said Fay. ``I believe I can add to the team to help expand our base of industry-wide contacts to establish new business opportunities in the fast-paced e-commerce environment.''
"Ken was a key part of the joint Kodak-Apple-Chinon program that led to the successful introduction of the Apple QuickTake 100, the world's first consumer digital still camera," said Dr. Thomas Kelly, former vice president and director of Kodak (Japan) R & D Center, and current member of Silicon Film's Board of Directors. "It's great news that Ken has chosen to help us introduce our EFS product line."
In addition to his operations responsibilities in Japan and China, Fay also worked for more than 10 years in various manufacturing, engineering and technical support responsibilities at Kodak's equipment production facilities in Rochester, N.Y.
Founded in 1998, Silicon Film Technologies Inc. is the developer of the Electronic Film System, a revolutionary system of hardware and software components designed to permit a conventional 35mm film camera capture, store and transmit digital photos without camera modifications. The company has pioneered advanced research and development in CMOS sensor implementation and micro-miniaturization of imager packaging, and holds patents on many aspects of the technology. Headquartered in Irvine, Silicon Film Technologies Inc. is a subsidiary of Irvine Sensors Corp. (Nasdaq:IRSN - news). For more information, please visit www.siliconfilm.com.
Except for historical information contained herein, the matters set forth in this news release are forward-looking statements that are dependent on risks and uncertainties including such factors, among others, as the market risks associated with new products, the impact of competitive technologies and the pace at which new markets develop. Further information on Irvine Sensors Corp. and its subsidiaries, including Silicon Film Technologies Inc., is contained in publicly-filed disclosures available through the SEC's EDGAR database (www.sec.gov) or from the company's Investor Relations.
© 2000 SILICON FILM TECHNOLOGIES, INC. All rights reserved.
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