SYSTEMS
Mercury Computer Systems' Founder and Executive Chairman Jay Bertelli Retires
Mercury Computer Systems, a leading provider of high-performance computing solutions for image, sensor, and signal processing, announced the retirement of James "Jay" R. Bertelli as a Mercury employee and its Executive Chairman of the Board, effective July 25, 2008. Mr. Bertelli will assume the role of Non-Executive Chairman of the Board until the Company's 2008 annual shareholder meeting to be held later this year, after which he will retire from the Board of Directors. Mr. Bertelli has agreed to enter into a non-compete agreement and to provide consulting services to Mercury. A new Chairman of the Board will be named at a later date. "Mercury's unique capabilities in sensor signal processing and computational acceleration are a testament to Jay's vision and dedication to customer success," said Mark Aslett, President and CEO of Mercury Computer Systems. "We value the insight and support he will continue to provide in his new role." Mr. Bertelli served as Mercury's President and CEO since the start of operations in 1983 and as its Chairman from 1998 to November 2007, when he was appointed Executive Chairman of the Board. Through the years, he developed the Company from a start-up operation with two employees working in borrowed space into a first-class engineering organization of more than 700 employees in offices and support centers worldwide, driving new technologies, industry standards, and unprecedented compute performance levels along the way. "Back in the early 1980s, I set out to create a company that could develop high-speed accelerator modules to solve the growing challenges of high-performance computing. In the 25 years since, Mercury has stayed true to the philosophy of delivering unsurpassed engineering excellence and scalable computing solutions that leverage the best available technology for a customer's application," said Mr. Bertelli. "I'm very proud of the innovation the Mercury team continues to drive, and of their unwavering commitment to advancing our customers' competitive edge. As we turn the corner on our 25th year, I look forward to supporting Mercury in the next era of high-performance computing."