Silicon Film Technologies Promotes
COO to CEO
Former Kodak Executive to Lead Company Into Next Phase of Business
IRVINE, CA --- May 5, 2000 --- Silicon Film Technologies
Inc., a leader in the development of electronic film hardware and software,
today announced the promotion of Kenneth P. Fay to the position of President
and Chief Executive Officer of the Company. Mr. Fay joined Silicon Film
in February 2000 as Chief Operating Officer and brings extensive digital
manufacturing and operations experience to his new responsibilities. He
was also elected to membership on Silicon Film's Board of Directors. Robert
Webber, the former President and CEO, remains with Silicon Film as a Director.
Most recently, Mr. Fay served as Vice President, Digital & Applied Imaging
for the Eastman Kodak Company and as the executive director of Chinon
Industries Inc., Kodak's digital camera manufacturing subsidiary in Nagano,
"Silicon Film is poised to make the transition from a development stage
company to an operating company, an environment in which my years of manufacturing
and operations experience are directly relevant," said Mr. Fay. "Rob Webber
has done a remarkable job of assembling the talent and resources to bring
us to this point, and I welcome the challenge of continuing this pattern
of success as we move into the next phase of our business."
"One of the primary challenges of any manager is recruiting his successor,
an objective that was particularly focused on the part of Silicon Film
because of the differing requirements of the development and operational
phases of our plan. With the addition of Ken Fay to our strong management
team, which includes Doug Howe, former President of Vivitar, and several
industry veterans, I now feel comfortable in passing the baton for day-to-day
management and implementation of the Silicon Film operating plan," said
Robert I. Webber, former President & CEO. "I will continue to provide
strategic guidance, networking and support in my role as a director."
Mr. Webber has been appointed President and a director of MindArrow Systems,
Inc. (OTC: ARRW), a leader in web-based interactive marketing communications.
With offices in Silicon Valley, New York and Hong Kong, MindArrow's headquarters
are located in Orange County, California.
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, Calif., Silicon Film
Technologies, Inc. is a majority-owned, independently operated subsidiary
of Irvine Sensors Corporation (NASDAQ: IRSN). For more information, please
© 2000 SILICON FILM TECHNOLOGIES, INC. All rights reserved.
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