Message #29 From:
NewsBot Date: October 26, 2006 05:15:00 AM
AFT News Axesstel Announces Stephen Sek as New Chief Technology Officer
SAN DIEGO--(BUSINESS WIRE)--Axesstel, Inc. (AMEX:AFT), a leader in the design and development of
fixed wireless voice and broadband data products, announced today the
addition of Stephen Sek as the new chief technology officer. In his new
role, Sek will be responsible for shaping the direction of the company’s
product portfolio as it moves more deeply into next generation voice and
broadband data products for commercial and residential use worldwide.
“Stephen brings in-depth technology and
industrial insight, and knowledge of the current and next generation
wireless and broadband technologies,“ said
Marv Tseu, chief executive officer for Axesstel. “His
diverse and comprehensive background will help transform Axesstel as we
focus on providing voice and broadband data solutions using next
generation wireless wide area network (WWAN) and wireless metropolitan
area network (WMAN) technologies.”
“I look forward to driving Axesstel’s
development of innovative products and solutions that fit with its
expanding worldwide target markets and providing the vision for the
product roadmap that will fuel future revenue growth,”
said Sek.
Sek, 40, has over 17 years of experience in product research and
development, wireless technologies and standards setting activities.
Most recently he served as the director of technology and standards at
Novatel Wireless, a San Diego-based provider of wireless broadband
access solutions for the worldwide mobile communications market. He was
responsible for leading the office of the CTO, the patent committee, the
company’s technology realization, and product
introduction in all technologies to customers. At Novatel Wireless from
August 2000 through October 2006, he also served as director, systems,
test and accreditation engineering, general manager of Asia Pacific, and
director of customer technical solutions and technologies.
Responsibilities included heading the company-wide systems engineering,
regulatory and industrial product accreditation, carriers’
product certification and releases for all technologies in all products
and form factors. From 1990 through 2000, Sek worked at Motorola Inc.,
where he served in various senior research, engineering and managerial
roles for the PCS Advanced Technology Lab, PCSFLEX Technology Systems
Division, and Paging and Wireless Data Group. Sek holds a bachelor of
science degree from Boston University and a master of science degree in
electrical engineering from the University of Southern California.
ABOUT AXESSTEL, INC.
Axesstel (AMEX:AFT) is a leader in the design and development of fixed
wireless voice and broadband data products. Axesstel’s
product portfolio includes fixed wireless desktop phones, public call
office phones, voice/data terminals, broadband modems and 3G gateways
for access to voice calling and high-speed data services. The company
delivers innovative fixed wireless solutions to leading
telecommunications operators and distributors worldwide. Axesstel is
headquartered in San Diego, California and has a research and
development center in Seoul, South Korea. For more information on
Axesstel, visit www.axesstel.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform
Act of 1995: With the exception of historical information, the
statements set forth above include forward-looking statements relating
to market penetration and conditions, product capabilities and the
timing of new product introductions which may affect future results and
the future viability of Axesstel. Axesstel wishes to caution readers
that actual results could differ materially from those suggested by the
forward-looking statements due to risks and uncertainties and a number
of important risk factors. Those factors include but are not limited to
unforeseen manufacturing difficulties, unanticipated component
shortages, competitive pricing pressures and the risk factors noted in
Axesstel's filings with the Securities and Exchange Commission, such as
the rapidly changing nature of technology and frequent introductions of
new products and enhancements by competitors; the competitive nature of
the markets for Axesstel's products; product and customer mix,
Axesstel's need to gain market acceptance for its products; the risks of
primary dependence on one large customer; potential intellectual
property-related litigation; Axesstel's need to attract and retain
skilled personnel; and Axesstel's primary reliance on its sole contract
manufacturer. All forward-looking statements are qualified in their
entirety by this cautionary statement, and Axesstel undertakes no
obligation to revise or update this press release to reflect events or
circumstances occurring after this press release.
