Newport Digital Technologies, Inc. (NPDT.OB) Prepares for Launch of Its RFID and Wireless Digital Signage Solutions; Announces Strategic Change in Senior Management Team

By @ibtimes on

Newport Digital Technologies, Inc. announced this afternoon that it has made a few strategic adjustments in its senior management team as it prepares to launch its RFID and wireless digital signage solutions. NPDT’s current President, Michael Lutton, has been appointed to the position of Chief Executive Officer. Current CEO, Gary DeMel will become Chief Strategy Officer and focus exclusively on developing worldwide sales channels, while COO Weiling Tsao will assume the position of President.

“We are pleased to announce these strategic changes in our management team as we prepare the launch of our first two technology product lines in the RFID and wireless digital signage markets,” stated Newport founder and Chairman, Richard Damion. “After working with management for the past several months, I have decided to make these adjustments to allow each member of our team to focus on their area of expertise. Given the vast size of the RFID and digital signage markets along with Mr. DeMel’s past experience as senior director of worldwide sales and business development for Intel Corporation and senior VP of worldwide sales for ATI, his immediate focus will be in driving Newport Digital’s sales efforts.”

Damion continued, “Weiling Tsao, who came to NPDT from technology giant, AMD/ATI, has demonstrated the talent and ability to manage the detailed day-to-day operations of the company, including overseeing engineering, research and development and sales and marketing. As CEO, Mike Lutton will oversee corporate finance, long term strategic planning, interfacing with buy and sell side analysts and heading up corporate communications. Mike’s talents lend themselves to these responsibilities.”

“Expanding Weiling’s role to President in charge of day-to-day operations is a natural evolution,” commented newly appointed CEO, Michael Lutton. “Weiling has more than 30 years of experience in all facets of technology development and sales and has made great progress in establishing NPDT as a viable company partnered with Taiwan’s R&D powerhouses, III and ITRI.”

Lutton concluded, “We have a very efficient and scalable business model and a management team that can make it happen. The changes we are making today will allow NPDT to better execute its strategic plan to the benefit of all shareholders.”

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