17/07/2017 15:11:11

Neology appoints Paul Davey as GM of ALPR Business

SAN DIEGO, 2017-07-17 16:11 CEST (GLOBE NEWSWIRE) --

Paul Davey, an executive with more than 30 years of experience in engineering, design and management has been appointed as GM of the Neology Automated License Plate Reader (ALPR) and related technology business, and Managing Director of its UK operation.  Mr. Davey is a senior management addition to enhance Neology's growth and presence in Europe as part of the completed acquisition of the 3M Tolling Business announced June 30th.  Neology is a subsidiary of SMARTRAC, an investment managed by One Equity Partners (OEP), a middle-market private equity firm.

“Paul is a key addition to the team,” said Francisco Martinez De Velasco, CEO of Neology. “He brings a wealth of knowledge and experience leading engineering teams and growth-focused organizations.  His past experience in ITS and PIPS technology will enable him to make an immediate positive impact.”

“I am excited to join Neology and lead this new region for the company,” said Davey.  “I am particularly enthusiastic to work with many of the same staff I had known in my previous roles and I look forward to the new product introductions now possible with our combined organization,” concluded Davey.

Mr. Davey has past experience in the industry and served in various senior management roles with PIPS Technology Ltd both before and after the merger with 3M UK. He has worked as a consultant in the ITS space for a number of years and as an engineer in several technical roles.  Davey holds an MBA from Kingston University Business School and a Physics degree from the Imperial College, London.

About Neology:

A fully-owned subsidiary of SMARTRAC N.V., Neology is a leading provider of integrated solutions for the tolling, electronic vehicle registration (EVR) and public safety markets. The company is a pioneer and leader in the development of passive RFID technology owning some of the earliest and most significant intellectual property (IP) in the industry. SMARTRAC is the leading developer, manufacturer and supplier of RFID products and services suitable for a large number of applications. For more information visit www.neology-rfid.com and www.smartrac-group.com.

About SMARTRAC:

SMARTRAC® is a leading developer, manufacturer, and supplier of RFID and NFC transponders and inlays and owns a vast RFID patent portfolio. The company produces both ready-made and customized transponders and inlays used in access control, animal identification, automated fare collection, border control, RFID-based car immobilizers, contactless payment cards, electronic product identification, industry, libraries and media management, laundry, logistics, mobile and smart media, public transport, retail, and many more.

SMARTRAC was founded in 2000, went public in July 2006, and trades as a stock corporation under Dutch law with its registered headquarters in Amsterdam. The company currently employs approximately 3,600 employees and maintains a global research and development, production, and sales network.

Forward-Looking Statements:

All forward-looking statements contained in this press release are based on assumptions, planning, and forecasts at the time of publication of this press release. Forward-looking statements always involve uncertainties. Business and economic risks and developments, the conduct of competitors, political decisions, and other factors may cause the actual results to be materially different from the assumptions, planning, and forecasts at the time of publication of this press release. Therefore, SMARTRAC N.V. does not assume any responsibility relating to forward-looking statements contained in this press release. Furthermore, SMARTRAC N.V. does not assume any obligation to update the forward-looking statements contained in this press release.

About One Equity Partners:

OEP is a middle-market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an extensive track record generating long-term value for its partners. Since 2001, the firm has completed more than 140 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit www.oneequity.com.

         Press Release and Media Contact:

         Eric M. Redman

         Vice President, Sales & Marketing

         Neology, Inc.

         858-391-0260

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
22 Jul
BAVA
Er der rigtigt forstået, at vi venter på at flere i forsøget skal dø før vi kan se på resultatet?   ..
51
21 Jul
FING-B
Du er overalt. Du skriver i Fingersprint trådene og opretter derefter ny tråd med samme indhold. Nu ..
45
23 Jul
BAVA
Spændende og meget relevante spørgsmål Pits.   Vi har indtil nu nået de første to analysetidspunkte..
25
25 Jul
FING-B
I dag hvor Finger er under et mindre pres er det vigtigt at man holder fast i sin strategi og spørg ..
22
26 Jul
PNDORA
Jeg undrer mig over at nogle få overhovedet gider at forholde sig til hvad GW skriver, han er en Tro..
19
23 Jul
BAVA
Gode spørgsmål!   Ja, der er en klar sammenhæng mellem tilvalg/fravalg af behandling indenfor prosta..
15
22 Jul
NOVO-B
Stærk analyse.  
14
26 Jul
PNDORA
Haha du sidder stadig der og skriger ovre i hjørnet.......mens vi andre har nydt ferien....Bliver du..
13
08:12
BAVA
Bavarian Nordic har udvidet sin partneraftale med Janssen, så den også omfatter vaccineudviklingspro..
12
26 Jul
PNDORA
Det er yderst sjældent, at KongSmart har behov for at hovere her på EI, men kan i huske, at han i fo..
12

Alliance Trust PLC : Transaction in Own Shares

27/07/2017 07:01:20
27 July 2017  Alliance Trust PLC TRANSACTION IN OWN SHARES  The Board of Alliance Trust PLC ("the Company") announces that on 26 July 2017 the Company purchased for cancellation 512,225 ordinary shares of 2.5p each at a price of 719.1805p per share.  Therefore, the total number of voting rights in the Company is now 351,675,897.    The above figure (351,675,897) may be used by shareholder..

P. Schoenfeld Asset Management LLP : Form 8.3 - Booker Group plc

26/07/2017 15:00:06
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1.         KEY INFORMATION (a) Full name of discloser: P. Schoenfeld Asset Management LLP (b) Owner or..

Alliance Trust PLC : Net Asset Value(s)

26/07/2017 12:50:03
ALLIANCE TRUST PLC                                    At the close of business on Tuesday 25 July 2017: The Company's NAV per ordinary share, valued on a bid price basis with Debt at Par, was -       excluding income, 759.9p -       including income, 768.5p  The Company's NAV per ordinary share, valued on a bid price basis with Debt at Fair Value, was -       excluding income..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Intellipharmaceutics Provides Update on FDA Advisory Committees Meeting for Rexista™ (oxycodone hydrochloride extended release), an Abuse-Deterrent Opioid Analgesic for the Treatment of Moderate to Severe Pain
2
Pacira Announces Publication of Phase 4 Study of EXPAREL in Patients Undergoing Total Knee Replacement in The Journal of Arthroplasty
3
ATX Seed Ventures Awarded 2017 INNOVATION Award by China-US Chamber of Commerce
4
California Organic Dairy Farmer Out-Innovates Tesla with First Full-Scale Electric Truck
5
Northfield Bancorp, Inc. Announces Second Quarter 2017 Results

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2017   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
27 July 2017 09:35:26
(UTC+00:00) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20170720.2 - EUROWEB5 - 2017-07-27 10:35:26 - 2017-07-27 09:35:26 - 1000 - Website: OKAY