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| SkyeTek Appoints Kevin Mammel Vice President of Finance
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| Contact Information: |
SkyeTek
Martin Payne
martin.payne@skyetek.com
(303) 615-8019 |
Lois Paul & Partners
Kristin Cronin
skyetek@lpp.com
(781) 782-5771
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SkyeTek Appoints Kevin Mammel Vice President of Finance
Seasoned Finance VP Rounds out Executive Team as Company Prepares for Expansion
Westminster, Colorado, June 4, 2007 –
News Facts:
- SkyeTek, the leading provider or embedded RFID technology, today announced the appointment of Kevin Mammel as Vice President of Finance to round out the executive team.
- Mammel joins SkyeTek at a crucial point on its growth trajectory having come off its most successful quarter to date and nearing the close of its next round of financing which will be used to expand product development and sales coverage.
- Mammel will lead fundraising, capital budgeting and accounting. He will also oversee use of proceeds following this round of financing in areas such as product development and sales channel expansion.
Kevin Mammel Background:
- Prior to joining SkyeTek, Mammel, 37, worked in various financial positions for McData Corporation, most recently serving as Vice President of Finance and Treasurer. In this role he led the treasury, tax, payroll and facilities teams totaling 35 people. He also played an integral role in McData’s $900 million acquisition by Brocade.
- Mammel also held executive-level finance positions at Qwest Communications and served as an auditor with Arthur Andersen.
Quotes from Kevin Mammel:
- “This is an exciting time to join SkyeTek as the company moves into the next phase of maturation where execution will dominate as the critical success factor.”
- “SkyeTek has a proven business model and has established itself as the leader in RFID reader innovation, so I look forward to the challenge of helping guide the company through its next level of growth.”
Quotes from SkyeTek CEO, Rob Balgley:
- “SkyeTek is experiencing its third consecutive record-breaking quarter behind robust demand for its intelligent, price-performing reader technology.”
- “With our market thesis proven, SkyeTek will enter a period of significant expansion following this round of financing.”
- “Kevin’s well-seasoned leadership is a welcome addition given the imminent increase in expenditures across all functional areas.”
Please contact Kristin Cronin to arrange for further quotes regarding this announcement or to request an interview with a SkyeTek executive.
Multimedia:
Headshots of VP of Finance, Kevin Mammel and CEO Rob Balgley SkyeTek’s
PDF:
 Distributable PDF of this release
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Technorati:
 SkyeTek | RFID | RFID Reader
About SkyeTek, Inc: SkyeTek, Inc. develops reader hardware and software that enables the pervasive adoption of RFID as intelligent networking technology. Numerous Fortune 500 and mid-market customers use SkyeTek’s products in applications such as item-level inventory, product authentication, access control, and patron management. In addition to selling SkyeModule readers, SkyeTek licenses ReaderWare software which allows customers to save 40 – 70% compared to the price of common reader modules available in the market today. Based in Westminster, Colo., SkyeTek sells exclusively through OEMs, systems integrators, and distributors. For more information, visit www.skyetek.com or call 720-565-0441.
Tagnostic®, ReaderWare™, SkyeModule™, ReaderDNA™, AURA™, the SkyeTek logo, and SkyeTek® are trademarks or registered trademarks of SkyeTek, Inc. All other trademarks or brand names are the properties of their respective holders. Features and specifications are subject to change without notice.
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