Digimarc (NASDAQ:DMRCE)
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From Sep 2019 to Sep 2024
Digimarc Corporation (NASDAQ:DMRCE) today announced the
election of William Miller and Bernard Whitney to its Board of
Directors. The new directors are veteran business executives who bring
a wealth of experience managing the financial and operational aspects
of high-growth technology companies such as Avid Technology and
Handspring.
"Digimarc has grown from $200,000 in revenue in 1997 to
approximately $100 million today. As we prepare for our next phase of
growth, we were looking for highly competent finance and executive
talent to complement our existing Board skills and provide the wisdom
and guidance we need to manage the significant growth we anticipate,"
said Bruce Davis, chairman and CEO, Digimarc. "Bill Miller and Bern
Whitney each bring valuable experience and knowledge in understanding
the strategies, infrastructure and systems requirements to support and
sustain rapid, profitable growth. The addition of these two talented
directors rounds out the strong group of advisors already serving on
the Board and will help position Digimarc for the opportunities
ahead."
Miller, an independent director and consultant based in
California, is the former chairman and CEO of Avid Technology, a
leader in digital media creation tools for film, video, audio,
animation, games, and broadcast professionals, and former chairman and
CEO of Quantum Corporation, a developer of storage technology. Miller
has also held senior management positions at Control Data Corporation,
now known as Control Data Systems with respect to the consumer systems
business and Ceridien Corporation with respect to the services
businesses. He began his career as an attorney.
Whitney is the former CFO and vice president of Handspring Inc.,
where he was an instrumental part of the start-up team that grew the
Company's revenues to $370 million in the first two years, took the
Company public in its third year and lead additional financing
efforts. Prior to his role at Handspring, Whitney held senior finance
positions at Sanmina Corporation, Network General Corporation, Conner
Peripherals, and Friden Alcatel. Like Miller, Whitney is an
independent director and consultant based in California.
Both Miller and Whitney currently serve as directors at other
companies. Miller is on the Board of Directors of three public
companies, Nvidia Corporation (NASDAQ: NVDA), Waters Corporation
(NYSE: WAT) and Viewsonic Corporation.
Whitney currently serves on the Board of Directors of Plumtree
Software Inc. (NASDAQ: PLUM) and the California State University
Business School.
About Digimarc
Digimarc Corporation (NASDAQ: DMRCE), based in Beaverton, Oregon,
is a leading supplier of secure media solutions used in a wide range
of security, identification and digital media content applications.
Digimarc provides products and services that enable the production
of more than 60 million personal identification documents, including
two-thirds of U.S. driver licenses and IDs for more than 20 countries.
Digimarc's digital watermarking technology provides a persistent
digital identity for various media content and is used to enhance the
security of financial documents, identity documents and digital
images, and support other media rights management applications.
Digimarc has an extensive intellectual property portfolio, with
194 issued U.S. patents with more than 4,000 claims, and more than 400
pending patent applications in digital watermarking, personal
identification and related technologies.
The Company is headquartered in Beaverton, Oregon, with other U.S.
offices in Burlington, Massachusetts; Fort Wayne, Indiana; and the
Washington DC area; and international offices in London and Mexico.
Please go to www.digimarc.com for more Company information.
Securities Safe Harbor
With the exception of historical information contained in this
release, the matters described herein contain certain "forward-looking
statements" that are made pursuant to the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include statements relating to significant
growth opportunities and other statements containing the words
"believes," "expects," "estimates," "anticipates," "will" or words of
similar import or statements of management's opinion. These statements
are based on management's current reasonable expectations and are
subject to certain assumptions, risks, uncertainties and changes in
circumstances. Actual results may vary materially from those expressed
or implied from the statements herein or from historical results, due
to changes in economic, business, competitive, technological and/or
regulatory factors. More detailed information about these factors is
set forth in filings by Digimarc with the Securities and Exchange
Commission, including the most recent annual report on Form 10-K and
the most recent quarterly report on Form 10-Q. Digimarc is not
obligated to (and expressly disclaims any obligation to) revise or
update any forward-looking statements in order to reflect events or
circumstances, whether they arise as a result of new information,
future events, or otherwise.