Press release
Board of Directors Announced
SAN DIEGO - August 20, 2009 - The new joint venture between Verizon Wireless and Qualcomm Incorporated (Nasdaq: QCOM), announced at the Smart Services Leadership Summit on July 28, 2009, was named today - nPhase - and formally became an operational company. The joint venture draws the nPhase name from the original Chicago-based machine-to-machine (M2M) pioneer launched in 2003 as a start-up focused on providing customized M2M communications solutions to meet the unique needs of OEM clients.
The new nPhase will be led by original founder and CEO Steve Pazol, who will serve as the company president. Pazol most recently served as the vice president and general manager of the acquired nPhase group, which was renamed Qualcomm Global Smart Services.
"When we originally selected the name nPhase back in 2002, we knew this industry would be constantly changing and evolving, and we felt the name nPhase communicated this concept," said Steve Pazol president of nPhase. "We have been very fortunate to have been a part of Qualcomm for the last three years. Now with a 50/50 joint venture between Verizon Wireless and Qualcomm, we look forward to providing M2M wireless communication and smart service offerings to this rapidly growing market."
nPhase's management team includes a combination of original nPhase founding executives, former Qualcomm executives, and a Verizon Wireless executive. The company's Board of Directors includes:
- Steve Pazol, president, nPhase
- Len Lauer, chief operating officer, Qualcomm
- Jack Plating, chief operating officer, Verizon Wireless
- Andrew Gilbert, executive vice president and president, QIS and Europe, Qualcomm
- Anthony Lewis, vice president, Open Development, Verizon Wireless
For more information, go to www.nphase.com. Check back frequently as this exciting new business will be undergoing rapid change and development in the weeks and months to come.
