Newport Digital Technologies, Inc. (NPDT.OB) Shifts Executives

 @ibtimes
on December 16 2009 9:02 AM

Newport Digital Technologies Inc. is making major shifts in its executive structure as it prepares to launch two of its key product technology areas, RFID and Wireless Digital Signage. The adjustments were initiated by Newport founder and chairman, Richard Damion, to better fit changing company needs.

• Current COO, Weiling Tsao, will become President, overseeing engineering, R&D, sales, and general operations.
• Current President, Michael Lutton, will become CEO, responsible for finance and long-term strategic planning.
• Current CEO, Gary DeMel, will become Chief Strategy Officer, focusing exclusively on developing worldwide sales channels.

Chairman Richard Damion commented on reasons behind the restructuring, “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. 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.”

He continued, “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. 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.”

Newport’s newly appointed CEO, Michael Lutton, said, “Expanding Weiling’s role to President in charge of day-to-day operations is a natural evolution. 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. 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.”

Newport Digital Technologies is focused on bringing to market technology solutions for five of the fastest emerging technologies:

• RFID (Radio Frequency Identification)
• WiMax (Worldwide Interoperability for Microwave Access, basically wireless transmission technologies)
• VoIP (Voice Over Internet Protocol)
• Digital Signage and LED Lighting
• Security & Surveillance

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