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Hypercom Appoints Robert J. Miklosko Vice President of Global Engineering, Research & Development

Posted on: Wednesday, 24 September 2008, 00:00 CDT

Hypercom Corporation (NYSE: HYC) today appointed Robert J. Miklosko Vice President of Global Engineering, Research and Development. Mr. Miklosko reports to Henry Gaillard, Senior Vice President, Global Operations. His appointment is effective immediately.

Mr. Miklosko joins Hypercom from Magellan Navigation, Inc. where he was Vice President, Worldwide Engineering. He previously held positions with Panasonic Mobile Communications Development Corporation of USA, NEC America, Inc., JRC International, Inc., Ericsson Mobile Communications, Inc. and Westinghouse Electric Corporation.

"Robert is a highly skilled engineering and product development leader with in-depth experience in global multi-site management of R&D, outsourced development centers and original design manufacturer partners," said Mr. Gaillard. "He is ideally suited to direct Hypercom's global engineering, research and development, execute our product roadmap and help us gain market share."

About Robert Miklosko

Mr. Miklosko has more than 20 years experience in wireless and consumer electronic planning, design and development and project and product management. As Vice President, Worldwide Engineering at Magellan Navigation from 2004 to present, Mr. Miklosko directed all aspects of the company's research and development, including a cross-functional engineering team of more than 100 engineers across three global development sites. He transitioned a vertically structured engineering organization into a leveraged and scalable open development model using ODM (original design manufacturer) and third party outsourcing, and reduced R&D investment while more than tripling the number of annual product launches.

Prior to that, Mr. Miklosko spent four years with Panasonic Mobile Communications Development Corporation of USA as Vice President, Product Planning and Product Engineering from 2000 to 2004. There, he established a product planning and management team for the Americas' handset business, created a product engineering organization that completed more than 50 successful product launches, established ISO-9000 process initiatives and global product planning processes for international markets, and directed the Americas' market product quality department that received top supplier quality awards.

As Director of Product Engineering for NEC America Inc.'s Communications Terminal Group from 1996 to 2000, Mr. Miklosko organized and directed a design engineering team. He also established and managed new business development teams for AMPS, TDMA and CDMA wireless standards, oversaw product-line planning, customer RFI/RFP responses, and directed post-launch field engineering, product enhancement and cost reduction initiatives.

Mr. Miklosko also held served as Manager of Digital Communications Products for JRC International, Inc; Team Leader-Cellular Base Station Integration, Verification and Test for Ericsson Mobile Communications, Inc.; and Senior Engineer and Product Development Team Leader for Westinghouse Electric Corporation's Electronic Systems Group.

Mr. Miklosko holds a Master of Science in Technical Management from Johns Hopkins University, a Master of Science in Electrical Engineering from Polytechnic University and a Bachelor of Science in Electrical Engineering from Pennsylvania State University. He is a member of the Product Development and Management Association and is the author/co-author of two U.S. patents.

About Hypercom (www.hypercom.com)

Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions business earlier this year, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally.

Hypercom is a registered trademark of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the qualifications of the Company's new Vice President of Global Engineering, Research and Development; the Company's expected future performance; market acceptance of new products; product capability and performance; product competitiveness and market share; and product sales, revenues and profits. These forward-looking statements are based on management's current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include, the ability to attract and retain qualified executives; industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers and subcontractors; our ability to improve our cost structure, including reducing our product and operating costs; our ability to successfully manage our transition to a contract manufacturing model, including the impact on inventories; our ability to allocate research and development resources to new product and service offerings; our ability to increase market share and our competitive strength; our future financial performance and financial condition; risks associated with international operations and foreign currency fluctuations; the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. HYCP

Source: Business Wire

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