FOR IMMEDIATE RELEASE
For information contact:
Robert S. Ehrlich, Chairman of the Board, 972 50 297 970
Charis W. Copin, Director, Investor Relations, 716-265-1600
PSC APPOINTS CHIEF EXECUTIVE OFFICER
Rochester, New York--December 4, 2000--PSC Inc. (Nasdaq:PSCX), a global leader
in the manufacture and marketing of bar code scanning equipment and automatic
data collection solutions, today announced the appointment of Edward J. Borey to
the positions of President and Chief Executive Officer, effective immediately.
He also will be appointed to the Board of Directors. Borey replaces Robert S.
Ehrlich, Chairman of the Board of PSC, and Bert W. Wasserman, a PSC director,
who had been serving as interim Co-Chief Executive Officers since the
resignation of Robert C. Strandberg on August 23, 2000.
Borey most recently was President and CEO of TranSenda, a middleware/enterprise
application integration software company in Redmond, Washington and serves on
several boards of technology companies focused on the mobile computing and
medical automation markets. Previously, he held senior positions in the
automated data collection industry at Intermec Technologies Corporation where he
was Executive Vice President and Chief Operating Officer and at The Graphics and
Service Bureau Group-Paxar Corporation, Monarch Marking Systems, and Intermec
Media where he was General Manager. Prior to that, Borey held senior marketing
positions at companies in the retail automation industry including Seimans
Nixdorf, ICL and Datachecker Systems, Inc.
"Ed's extensive experience in the automatic data collection industry and at high
tech companies will serve PSC well as we refocus and rebuild the Company," said
Robert S. Ehrlich, Chairman of the Board of PSC. "His broad background and
skills in building world class businesses will be invaluable to PSC's future
success."
Ed Borey commented, "I am delighted to have the opportunity to lead PSC as the
Company extends its reach in the retail scanning and mobile and wireless
markets. My initial goal is to build on the Company's core competencies and grow
profitably for the benefit of customers, shareholders and employees."
PSC Inc. is a leading manufacturer and marketer of bar code scanning and
automatic data collection solutions of the highest quality and exceptional
reliability. Its broad range of products includes a full line of laser and
non-laser based handheld and fixed position bar code scanners, two dimensional
image readers, wireless portable data terminals, warehouse management software,
bar code scan engines and verifiers and automated carton dimensioning systems.
These products are used in automated data collection solutions in the retail,
manufacturing, warehousing, logistics and package handling markets.
Headquartered in the Rochester, New York suburb of Webster, PSC has
manufacturing facilities in Webster and Eugene, Oregon. PSC has sales and
service offices throughout the Americas, Europe, Asia and Australia.
The forward-looking statements contained in this release are based on estimates
of future performance and are highly dependent upon a variety of factors which
could cause actual results to differ materially. These factors include the
market acceptance of products, competitive product offerings and pricing
pressures, the ability to control manufacturing and operating costs, the
integration of acquisitions, foreign currency and interest rate fluctuations,
fulfillment of lending agreements and the disposition of legal issues. Reference
should be made to filings with the Securities and Exchange Commission for
further discussions of factors that could affect PSC's future results.
Further information is available at the PSC web site: http://www.pscnet.com
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