BEDFORD, Mass. – May 31, 2006 – Aware, Inc. (NASDAQ: AWRE), a worldwide leader and innovator of broadband intellectual property, today announced that Keith Farris has joined the company as vice president and chief financial officer. Previous CFO Rob Weiskopf is departing to pursue other interests.
Mr. Farris was most recently with Lojack Corporation where he was chief financial officer (2000-2006) during a period of rapid growth in revenues and profits. He brings over 25 years of experience in senior financial management positions at Lojack, Arkwright Inc. and Digital Equipment Corporation, and public accounting experience at the firm of Ernst & Young. Mr. Farris holds a BA in accounting and an MBA from Northeastern University and is a Certified Public Accountant.
Michael A. Tzannes, Aware’s chief executive officer, said, “Keith is joining Aware at a time that the company’s DSL and biometrics products have positioned us for revenue and earnings growth. His financial and management experience are welcomed additions to the Aware team. I also want to express my thanks to Rob for his contributions at Aware over the last several years. We all wish him the best for the future.”
Aware, Inc. designs, develops, licenses and markets DSL technologies that enable broadband communications over existing telephone networks. Its solutions, including splitterless G.lite, full-rate ADSL, ADSL2, ADSL2+, VDSL2, Bonded ADSL2+, Dr. DSL®, StratiPHY™, StratiPHY-Bonded™, StratiPHY2+™, StratiPHY3™ and G.SHDSL, address central office as well as customer premise requirements. Aware is also a leading provider of standards-based biometric transaction and image compression software toolkits. More information can be found at www.aware.com.