Ampex Corporation Names New President for Data Systems Subsidiary

  
    
  
  
    
      Ampex Corporation (Nasdaq:AMPX) today announced that Lawrence Chiarella 
      has been named President of Ampex Data Systems Corporation, a 
      wholly-owned subsidiary of Ampex Corporation. He replaces Robert L. 
      Atchison, who will retire after 32 years of service with the Company. 
      Mr. Atchison will continue to consult with the Company for a limited 
      time.
    
    
      Gordon Strickland, Ampex’s Chairman and CEO, 
      said, “Bob Atchison has led Ampex Data Systems 
      for many years, and we wish him well in his retirement. Ampex is 
      embarking on strategic growth plans for Ampex Data Systems, and we are 
      confident that Larry Chiarella is the right person to lead Ampex Data 
      Systems. I look forward to working with him.”
    
    
      Mr. Chiarella was most recently Sr. Vice President and General Manager 
      of Fujifilm Recording Media Manufacturing, USA, Inc., with which he was 
      associated from 1997 to 2007. From 1982 to 1996, he held senior 
      management positions with Philips Technologies, including Vice President 
      and General Manager of its International Division and Vice President, 
      General Manager and President of Airpax Singapore.
    
    
      Mr. Chiarella is a graduate of the University of Connecticut where he 
      earned a Bachelor of Science Degree in Electrical Engineering. He will 
      be relocating with his wife to the Redwood City area in the near future.
    
    
      Ampex Data Systems Corporation, www.ampexdata.com, 
      headquartered in Redwood City, California, is one of the world’s 
      leading innovators in the field of electronic imaging and data gathering 
      systems.
    
    
      This release may contain information about future expectations, plans 
      and prospects for the Company and Ampex Data Systems Corporation that 
      constitute forward-looking statements for purposes of the safe harbor 
      provisions under The Private Securities Litigation Reform Act of 1995. 
      Actual results may differ materially from historical results or those 
      indicated by such forward-looking statements as a result of a variety of 
      factors including, but not limited to, the risk that the Company may not 
      be successful in implementing its strategic plans for Ampex Data Systems 
      due to industry or market conditions, the Company's financial condition 
      or other circumstances, as well as the other risks and uncertainties 
      disclosed in the Company's Annual Report on Form 10-K, Quarterly Reports 
      on Form 10-Q and other documents periodically filed with the Securities 
      and Exchange Commission. Forward-looking statements speak only as of the 
      date of this release, and the Company disclaims any obligation to update 
      such statements.