FAIRFAX, Va., January 20, 2009 — Argon ST, Inc. (NASDAQ: STST) (Argon), a leading developer of command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance (C5ISR) systems, today announced that Kerry M. Rowe, the company's Executive Vice President and Chief Operating Officer, has been promoted to President and Chief Operating Officer effective January 20, 2009.
Mr. Rowe, 49, who will continue to report to Dr. Terry Collins, Argon Chief Executive Officer and Chairman of the Board of Directors, has held the title of Chief Operating Officer since 2006. As President and Chief Operating Officer, he will continue to oversee all of the company's operating activities, while also assuming responsibility for Human Resources, Information Technology, Facilities, Security, Government Relations, Contracts and Purchasing,
"During his tenure at Argon, Kerry has shown great leadership and has demonstrated that he has the knowledge, experience, and record of accomplishment to help lead Argon through its next stage of growth and development," commented Dr. Terry Collins, Chairman and Chief Executive Officer, Argon ST. "We have set many goals for ourselves in 2009, including important customer expansion activities, increasing production opportunities and the continued task of reducing infrastructure and overhead costs. I expect that given his expanded role and responsibilities, Kerry will have even more positive influence and impact on our success going forward."
"I am honored to be given this expanded opportunity and am excited to have the ability to continue to work with our management team and the talented individuals across the company to take Argon to the next level", Kerry Rowe commented. "I strongly believe that Argon has never been in a better position to build value for its customers and shareholders by offering one of the most technologically advanced product and service portfolios in the C5ISR market. Our company is very proud of our recognized role in producing and delivering information to our warfighters in time to impact critical decisions and, ultimately, to protect our nation and our allies."
Mr. Rowe joined Argon in 2000 as Vice President of the C4ISR division. Prior to Argon, Mr. Rowe spent sixteen years at E-Systems Corporation and progressed to the position of Vice President for Remote Systems in the successor company, Raytheon C3I (Falls Church). He holds a Bachelor of Science from the University of Florida, a Master of Science from George Mason University, and a Master of Business Administration from The College of William and Mary.
About Argon ST, Inc.
Argon ST, Inc. designs, develops, and produces systems and sensors for the Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance (C5ISR) markets including SIGINT (Signals Intelligence), ESM (Electronic Support Measures), EW (Electronic Warfare), IO (Information Operations), imaging, and acoustic systems serving domestic and international markets.
Statements in this press release which are not historical facts are forward-looking statements under the provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to numerous risks and uncertainties, including without limitation the risks and uncertainties identified in the reports filed by the Company with the Securities and Exchange Commission (including the Company's Form 10-K for the fiscal year ended September 30, 2008). Some of these specific risks, although not all, are risk and uncertainties associated with government contracting, including but not limited to funding allocation and availability and program continuation. All forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements. Our actual results could differ materially as a result of such risks and other factors. Any of the forward-looking statements should be considered in light of these factors. Investors should not put undue reliance on any forward-looking statements. We undertake no obligation to update these forward-looking statements to reflect new information, future events or otherwise.
Argon ST, Inc.