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DALSA Corporation Announces New Appointment to Board of Directors
Teledyne DALSA Posted 02/20/2008
Waterloo, Ontario, February 20, 2008 - DALSA Corporation (TSX:DSA) today announced that its Board of Directors has appointed Eric Rosenfeld of New York based Crescendo Partners L.P. as a director of the Company, effectively immediately.
'We respect the wishes of our major shareholders and are pleased to welcome Eric to DALSA's board,' said Savvas Chamberlain, Executive Chairman of DALSA. 'Mr. Rosenfeld is a very experienced director and we expect that he will make a valuable contribution to our Board.'
Mr. Rosenfeld stated, 'I am excited to join the Board of DALSA and work with DALSA's experienced Board and management team.'
In addition, the Company has reached an agreement with Crescendo Partners whereby, among other things, the proposed slate of nominee directors for election at the upcoming annual meeting of shareholders of DALSA to be held on March 27, 2008 at 4pm at the Company's corporate offices in Waterloo will consist of: Douglas Barber, Derek Brown, David Buehlow, Mark Burton, Savvas Chamberlain (Chairman), Brian Doody, Eric Rosenfeld and Colin Watson. Full information on the proposed nominees will be contained in DALSA's management information circular that will be mailed to shareholders shortly.
Mr. Rosenfeld has been the President and Chief Executive Officer of Crescendo Partners, L.P., a New York based investment firm, since its formation in November 1998. Prior to forming Crescendo Partners, he held the position of Managing Director at CIBC Oppenheimer and its predecessor company Oppenheimer & Co., Inc. for fourteen years. Mr. Rosenfeld received an MBA from Harvard University and an AB degree in economics from Brown University.
DALSA is an international leader in high performance digital imaging and semiconductors with approximately 1000 employees world-wide. Established in 1980, the company designs, develops, manufactures, and markets digital imaging products and solutions, in addition to providing semiconductor products and services. DALSA's core competencies are in specialized integrated circuit and electronics technology, software, and highly engineered semiconductor wafer processing. Products and services include image sensor components (CCD and CMOS); electronic digital cameras; vision processors; image processing software; and semiconductor wafer foundry services for use in MEMS, high-voltage semiconductors, image sensors and mixed-signal CMOS chips. DALSA is listed on the Toronto Stock Exchange under the symbol 'DSA' and has its corporate offices in Waterloo, Ontario, Canada.