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Dan Frydenlund Joins
ADAPTIX as CFO
New CFO Brings Extensive Experience to Growing Wireless Broadband Firm
SEATTLE – May 6, 2005 – ADAPTIX, Inc., a leader in software defined,
all-IP broadband wireless access technologies, today announced Dan
Frydenlund has joined the company as chief financial officer.
Frydenlund brings extensive financial management experience in
emerging technology markets and in international business development.
“Dan joins at an incredibly exciting time of growth and opportunity
for ADAPTIX both here and abroad,” said Vern Fotheringham, CEO of
ADAPTIX. “He will play a fundamental role in managing the future
growth of the company.”
Prior to ADAPTIX, Frydenlund was managing director of the Sturm Group,
Inc. where he was instrumental in the growth and success of several
start-up companies and led the turn-around of a $500 million private
equity fund. In this position, Frydenlund held active management roles
including membership on the boards of directors with 15 operating
companies.
Before the Sturm Group, Frydenlund was executive vice president and
CFO of Hostmark World, LTD based in London, and Formus Communications
Europe, Inc., based in The Hague Netherlands. During his tenure he was
instrumental in raising more than $1 billion of equity and debt, and
successfully negotiated the merger of Hostmark World, LTD with
Worldport Holdings. Previously, Frydenlund operated two mobile
communications companies in Latin America and Eastern Europe, and was
one of the first financial professionals for OneComm, a wireless
carrier based in Denver, Colorado which went public in 1993 and was
acquired by Nextel in 1994. About ADAPTIX
ADAPTIX is headquartered in Seattle, Washington with product
development and manufacturing in Shanghai, China. Positioned at the
forefront of WiMAX development, ADAPTIX’ revolutionary
software-defined, hardware-enabled infrastructure platform enables
service providers to answer the exploding demand for integrated mobile
voice, video, and data applications. The ADAPTIX OFDMA/TDD operating
system delivers service providers the highest level of spectral and
resource flexibility and efficiency to deploy applications such as
mobile VoIP, multimedia messaging, and other multi-megabit, QoS
dependent services quickly and cost effectively. For more information,
visit www.adaptix.com. |
