Contact Information: For More Information Investor Contacts: Suzanne Craig The Blueshirt Group for SMART Modular Technologies 415-217-7722 Suzanne@blueshirtgroup.com Barry Zwarenstein CFO, Senior Vice President SMART Modular Technologies 510-624-8134 Barry.Zwarenstein@smartm.com
Former Seagate Storage Executive Joins SMART Modular Technologies' Executive Team
John Scaramuzzo to Focus on Driving SMART's Solid State Storage Business
| Source: SMART Modular Technologies
NEWARK, CA--(Marketwire - December 18, 2009) - SMART Modular Technologies (WWH), Inc. ("SMART"
or the "Company") (NASDAQ : SMOD ), a leading independent manufacturer of
memory modules and solid state storage products including SSDs, announced
the appointment of John Scaramuzzo as SMART's Senior Vice President and
General Manager, Storage Business Unit. Mr. Scaramuzzo's appointment will
be effective on January 4, 2010, and he will report directly to Iain
MacKenzie, SMART's President and CEO. John's key areas of responsibilities
will include all of SMART's storage business in the enterprise, industrial,
defense and aerospace sectors.
"We are pleased to welcome John to SMART's executive management team. He
brings the expertise and track record of a seasoned storage executive with
considerable experience in management as well as product development at
Seagate, Maxtor, Quantum and Digital Equipment," commented Mr. MacKenzie.
"We look forward to leveraging his specialized background and extensive
industry knowledge to lead our storage team and to accelerate SMART's
expansion into new market opportunities."
Mr. Scaramuzzo's wide-ranging industry experience culminates from having
held several executive and senior level engineering positions in major data
storage companies. Most recently from 2008 to 2009, he was the Senior Vice
President and General Manager of Seagate Technology's Enterprise Compute
business unit, where he led the rotating and solid state storage businesses
as well as ASIC Technology development. Prior to his Enterprise Compute
business unit role, John was Senior Vice President of Worldwide Quality
Operations from 2006 to 2008. From 2001 to 2006 John was at Maxtor
Corporation (acquired by Seagate in 2006) where he held the roles of
Executive Vice President, Worldwide Product Development and Research with
responsibility for all product and technology development for the
Enterprise and Desktop business units, as well as Senior Vice President and
General Manager of the Enterprise Products Division, and Vice President of
Enterprise Product Development. From 1994 to 2001, Mr. Scaramuzzo held
several positions at Quantum Corporation including Director of Product
Development for the Enterprise Drive Product Line and the Engineering
Manager for several of Quantum's hard disk drive products. Mr. Scaramuzzo
began his career at Digital Equipment Corporation in 1987 as a Senior
Design Manager for their hard disk drive products. He holds a B.S. in
Electrical Engineering from Boston University and an M.S. in Electrical
Science from Harvard University. He also holds three U.S. patents related
to disk drive technology and applications.
Mr. Scaramuzzo commented, "I am excited to be joining SMART and continuing
the company's tradition of excellence and innovation. I look forward to
working together with Iain MacKenzie and the rest of the team as we
introduce new products that will enhance SMART's storage business and
expand the company's leadership in the emerging solid state storage
market."
About SMART
SMART is a leading independent designer, manufacturer and supplier of
electronic subsystems to original equipment manufacturers, or OEMs. SMART
offers more than 500 standard and custom products to OEMs engaged in the
computer, industrial, networking, telecommunications aerospace, and defense
markets. Taking innovations from the design stage through manufacturing and
delivery, SMART has developed a comprehensive memory product line that
includes DRAM, SRAM, and Flash memory in various form factors. SMART also
offers high performance, high capacity SSDs for enterprise, defense,
aerospace, industrial automation, medical, and transportation markets.
SMART's presence in the U.S., Europe, Asia, and Latin America enables it to
provide its customers with proven expertise in international logistics,
asset management, and supply-chain management worldwide. See www.smartm.com
for more information.
Forward-Looking Statements
Statements contained in this press release, including the quotations
attributed to Messrs. MacKenzie and Scaramuzzo, that are not statements of
historical fact, including any statements that use the words "will,"
"believes," "anticipates," "estimates," "expects," "intends" or similar
words that describe the Company's or its management's future expectations,
plans, objectives, or goals, are "forward-looking statements" and are made
pursuant to the safe-harbor provisions of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include projections
regarding the Company's expansion into the solid state storage market, the
potential opportunities in that market, new product introductions, and the
size and strength of our market position.
Management's discussion and analysis and related risk factors affecting
future results contained in the forms and reports filed with the Securities
and Exchange Commission, including the Company's recently filed Annual
Report on Form 10-K for fiscal year 2009 should be reviewed. Such risk
factors as outlined in these reports may not constitute all factors that
could cause actual results to differ materially from those discussed in any
forward-looking statement. The Company operates in a continually changing
business environment and new factors emerge from time to time. The Company
cannot predict such factors, nor can it assess the impact, if any, from
such factors on the Company or its results. Accordingly, our future results
may differ materially from projections and investors are cautioned not to
place undue reliance on any forward-looking statements. Forward-looking
statements should not be relied upon as a prediction of actual results.
These forward-looking statements are made as of today, and the Company does
not currently intend, and has no obligation, to update or revise any
forward-looking statements in order to reflect events or circumstances that
may arise after the date of this press release.