PEABODY, Mass., Sept. 1, 2010 (GLOBE NEWSWIRE) — Analogic Corporation (Nasdaq:ALOG), a leading provider of medical imaging and aviation security technology, announced today that Bernard Bailey has been elected to its Board of Directors, effective September 1, 2010. Mr. Bailey is currently president, chief executive officer, and founder of Paraquis Solutions, LLC, a provider of consulting services to small- and medium-size companies in the areas of strategy, change transformation, mergers and acquisitions, and corporate governance. Mr. Bailey will serve on Analogic’s Nominating and Governance committee as well as its Audit Committee.
Prior to founding Paraquis in 2006, Mr. Bailey was president and chief executive officer of L-1 Identity Solutions, Inc. (NYSE:ID), formerly Viisage Technology, Inc., a developer of advanced technology identity solutions for governments, law enforcement agencies, and corporations. He also served as chief operating officer of Art Technology Group, a developer and marketer of e-commerce software solutions, and in various executive positions during a seventeen-year career at IBM Corporation.
Mr. Bailey serves as chairman of the board of Lasercard Corporation (Nasdaq:LCRD), a leading provider of secure ID solutions. In addition he is a director for Telos Corporation, a defense security solutions firm, and Spectrum Control, Inc. (Nasdaq:SPEC), a designer and manufacturer of electromagnetic interference (EMI) suppression products.
Edward Voboril, Analogic’s chairman of the board, said, “I am pleased to welcome Bernard to Analogic’s Board. His experience in the security and defense technology arena, as well as his substantial board and executive experience, will be of great value to Analogic. In addition, Bernard brings three decades of leadership in multi-functional roles that include finance, marketing, information technology, and manufacturing.”
Presently a doctoral candidate in management at Case Western Reserve University focusing on corporate governance, Mr. Bailey has an MBA in finance from George Washington University, an MS in engineering from the University of California, Berkeley, an MS in systems management from the University of Southern California, and a BS in ocean engineering from the United States Naval Academy.
Analogic is a high-technology company that designs and manufactures advanced medical imaging and security systems and subsystems sold to original equipment manufacturers (OEMs) and end users in the healthcare and homeland security markets. We are recognized worldwide for advancing state-of-the-art technology in the areas of computed tomography (CT), magnetic resonance imaging (MRI), digital radiography, specialized ultrasound, and automatic explosives detection for airport security. Our OEM customers incorporate our technology into systems that they in turn sell for various medical and security applications. We also sell our ultrasound products directly to specialized clinical end-user markets through our direct worldwide sales force under the brand name BK Medical. For more information, visit www.analogic.com.
CONTACT: Analogic Corporation Mark Namaroff, Director of Strategic Marketing & Investor Relations (978) 326-4058 firstname.lastname@example.org
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