Ariel Corporation Appoints Industry Veteran Esmond Goei As New Vice-Chairman of the Board
CRANBURY, N.J., Aug. 9 /PRNewswire/ -- Ariel Corporation (Nasdaq: ADSP), a leading supplier of open systems remote access solutions for ISPs and Technical OEMs, today announced that it has appointed Esmond Goei as vice-chairman of its Board of Directors. Mr. Goei brings more than 20 years of experience in the telecommunications industry to Ariel, with particular expertise in nurturing small companies to success and forging strategic partnerships. "Ariel has already developed the technology base and begun the creation of key partnerships needed to succeed in the remote access marketplace," said Esmond Goei. "I look forward to working with Ariel to broaden the strategic partnerships needed to translate that technology leadership into market leadership." "We're extremely pleased to have Esmond on board as vice-chairman," remarked Tony Agnello, chairman of the board at Ariel. "His experience working with emerging telecommunications companies and his stellar connections in the financial community should prove invaluable as Ariel continues its focused strategies in ISP and technical OEM markets." "Mr. Goei's successful track record guiding telecommunications startups makes him a welcome addition to the Ariel board," added Jay H. Atlas, President and CEO of Ariel. "Ariel's recently announced PowerPOP and AAA initiatives have already been well received by the ISP and OEM remote access communities. With Esmond's help, we will move quickly to take our efforts to the next level." Esmond Goei has co-founded five companies: TranSwitch Corporation, a leading supplier of telecommunications chips; Transpac Capital, a global venture capital management company; Nhancement Technologies, a leading CTI systems integrator; Mayan Networks Corporation, a privately held telecommunications startup; and XiMnet Corporation, an electronic commerce Internet company. At each of these companies, he has been instrumental in providing management, securing financing, and establishing key strategic partnerships. In 1986, Mr. Goei co-founded TransTech Venture Management, an international venture capital management company, subsequently renamed Transpac Capital in 1989. During his six-year stay, he oversaw operations in the U.S., Taiwan, Singapore, Malaysia, and Hong Kong, and was responsible for the majority of Transpac's U.S. investment gains as CEO for North American operations. Funds under his co-management grew to over $150 million. He was also responsible for transforming and securing turnaround financing a number of ailing companies, including Digital Research, CliniCom, and Earth's Best. In 1989, Mr. Goei, through TransTech, provided start-up financing for TranSwitch Corporation with two other investors. While serving on the company's board of directors, Mr. Goei guided the company through several rounds of financing, which enabled the company to establish a solid technological foundation. Today, the company is a leading supplier of ATM and SONET chips with a market capitalization of over $600 million. From 1989 through 1995, Mr. Goei also served as chairman of the board for Centigram Corporation, taking the company public in 1991 and transforming the company into a leading provider of integrated voice, fax, and email messaging technology. Mr. Goei left the company in 1995 after having achieved record annual revenue of $80 million with profits in excess of $7 million. In 1996, Mr. Goei founded Nhancement Technologies, transforming the nearly bankrupt Performance Factors into a profitable CTI systems integrator with sales of more than $20 million. Mr. Goei obtained his early telecommunications experience at Northern Telecom, where he last served as director of the corporate Venture Capital Division. Prior to that, he was vice president of the Venture Capital Division at Toronto Dominion Bank and a senior systems consultant at Touche Ross (now Deloitte Touche). Mr. Goei holds a bachelor's degree in electrical engineering from the Queen's University at Kingston and a MBA from Canada's prestigious University of Western Ontario. More on Ariel Ariel Corporation (Nasdaq: ADSP) is a leading provider of high-density remote access plug-in cards for applications such as Internet access, corporate Intranet/Extranet access, on-line services, telecommuting, transaction processing, and unified messaging. Ariel's remote access products make it easy for OEMs and system integrators targeting ISPs, corporate enterprises and other service providers to add high-density remote access to open systems platforms running a variety of popular operating systems, including Windows NT and Linux. Ariel's high-density remote access cards provide V.34, V.90-compatible 56K, and basic rate, ISDN remote dial-in, LAN dial-out, and Internet back-haul. Available in ISA, PCI and CompactPCI formats, the cards connect to T1, E1, ISDN, and POTS lines. Ariel's remote access products run Windows NT and Linux out of the box. An SDK is available for OEMs who want to use Ariel's remote access products with other operating systems. For more information on Ariel products, please contact Ariel Corporation at 2540 Route 130, Cranbury, NJ 08512, Phone 609-860-2900. Fax 609-860-1155. Email: email@example.com. World Wide Web: http://www.ariel.com.
SOURCE Ariel Corporation
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