Initially Remote I/O will be providing support for the PI-8 protocol which permits the transportation of legacy PCI Express packets through an
ASI switch fabric.
CONTACT: Eric Boyd of
ASI, 248-569-9650; or Investor Relations: TKO International, 303-850-7896/
FLOW will retain the current management teams of both Dynovation and
ASI.
Ken Copeland,
ASI founder and President, said, "FP is a natural fit with
ASI, because mailing is another stage of document management.
ASI CEO, Mr Ron Chapman stated, "the restructuring is appropriate under current market conditions as it will generate working capital for both companies to further develop the products and programs, and will result in the current
ASI shareholders retaining their investment in the airline communication business through ASIQ, as well as an investment in the SafeCell Intellectual Property in
ASI.
With the introduction of the new excess liability product,
ASI will be able to offer limits up to $5 million over
ASI's primary, as well as other carriers' primary policies.
When we established the
ASI joint venture more than three years ago, we saw the potential to expand our served market and to gain market share by leveraging the complementary capabilities of Asyst Technologies and Asyst Shinko," said Steve Schwartz, chairman and chief executive officer of Asyst.
StarGen, based in Marlborough, MA, is a fabless semiconductor company that develops interconnects that are compliant to the PCI Express and
ASI standards.
Kirkner joins
ASI with more than 25 years of diverse experience in claims management for specialty risks, more specifically in dealing with claims with complex coverage issues.
CAMAVA, which is already being used by more than 30 parks nationwide, is an attractive newcomer to the online reservations market since
ASI customizes it for each client, and it includes Flash maps and site photos.
Executive Vice President and Chief Operating Officer of
ASI, "Our Company has been steadily growing, and Geoff's experience in developing and managing large specialty books of business will be a tremendous asset for
ASI.
ASI is the largest media organization serving the promotional products industry, and has a membership of over 22,000 distributor firms (sellers) and supplier firms (manufacturers) of promotional products.
