SOURCE: SMART Modular Technologies

SMART Modular Technologies

December 18, 2009 08:00 ET

Former Seagate Storage Executive Joins SMART Modular Technologies' Executive Team

John Scaramuzzo to Focus on Driving SMART's Solid State Storage Business

NEWARK, CA--(Marketwire - December 18, 2009) - SMART Modular Technologies (WWH), Inc. ("SMART" or the "Company") (NASDAQ: SMOD), a leading independent manufacturer of memory modules and solid state storage products including SSDs, announced the appointment of John Scaramuzzo as SMART's Senior Vice President and General Manager, Storage Business Unit. Mr. Scaramuzzo's appointment will be effective on January 4, 2010, and he will report directly to Iain MacKenzie, SMART's President and CEO. John's key areas of responsibilities will include all of SMART's storage business in the enterprise, industrial, defense and aerospace sectors.

"We are pleased to welcome John to SMART's executive management team. He brings the expertise and track record of a seasoned storage executive with considerable experience in management as well as product development at Seagate, Maxtor, Quantum and Digital Equipment," commented Mr. MacKenzie. "We look forward to leveraging his specialized background and extensive industry knowledge to lead our storage team and to accelerate SMART's expansion into new market opportunities."

Mr. Scaramuzzo's wide-ranging industry experience culminates from having held several executive and senior level engineering positions in major data storage companies. Most recently from 2008 to 2009, he was the Senior Vice President and General Manager of Seagate Technology's Enterprise Compute business unit, where he led the rotating and solid state storage businesses as well as ASIC Technology development. Prior to his Enterprise Compute business unit role, John was Senior Vice President of Worldwide Quality Operations from 2006 to 2008. From 2001 to 2006 John was at Maxtor Corporation (acquired by Seagate in 2006) where he held the roles of Executive Vice President, Worldwide Product Development and Research with responsibility for all product and technology development for the Enterprise and Desktop business units, as well as Senior Vice President and General Manager of the Enterprise Products Division, and Vice President of Enterprise Product Development. From 1994 to 2001, Mr. Scaramuzzo held several positions at Quantum Corporation including Director of Product Development for the Enterprise Drive Product Line and the Engineering Manager for several of Quantum's hard disk drive products. Mr. Scaramuzzo began his career at Digital Equipment Corporation in 1987 as a Senior Design Manager for their hard disk drive products. He holds a B.S. in Electrical Engineering from Boston University and an M.S. in Electrical Science from Harvard University. He also holds three U.S. patents related to disk drive technology and applications.

Mr. Scaramuzzo commented, "I am excited to be joining SMART and continuing the company's tradition of excellence and innovation. I look forward to working together with Iain MacKenzie and the rest of the team as we introduce new products that will enhance SMART's storage business and expand the company's leadership in the emerging solid state storage market."


SMART is a leading independent designer, manufacturer and supplier of electronic subsystems to original equipment manufacturers, or OEMs. SMART offers more than 500 standard and custom products to OEMs engaged in the computer, industrial, networking, telecommunications aerospace, and defense markets. Taking innovations from the design stage through manufacturing and delivery, SMART has developed a comprehensive memory product line that includes DRAM, SRAM, and Flash memory in various form factors. SMART also offers high performance, high capacity SSDs for enterprise, defense, aerospace, industrial automation, medical, and transportation markets. SMART's presence in the U.S., Europe, Asia, and Latin America enables it to provide its customers with proven expertise in international logistics, asset management, and supply-chain management worldwide. See for more information.

Forward-Looking Statements

Statements contained in this press release, including the quotations attributed to Messrs. MacKenzie and Scaramuzzo, that are not statements of historical fact, including any statements that use the words "will," "believes," "anticipates," "estimates," "expects," "intends" or similar words that describe the Company's or its management's future expectations, plans, objectives, or goals, are "forward-looking statements" and are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include projections regarding the Company's expansion into the solid state storage market, the potential opportunities in that market, new product introductions, and the size and strength of our market position.

Management's discussion and analysis and related risk factors affecting future results contained in the forms and reports filed with the Securities and Exchange Commission, including the Company's recently filed Annual Report on Form 10-K for fiscal year 2009 should be reviewed. Such risk factors as outlined in these reports may not constitute all factors that could cause actual results to differ materially from those discussed in any forward-looking statement. The Company operates in a continually changing business environment and new factors emerge from time to time. The Company cannot predict such factors, nor can it assess the impact, if any, from such factors on the Company or its results. Accordingly, our future results may differ materially from projections and investors are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements should not be relied upon as a prediction of actual results. These forward-looking statements are made as of today, and the Company does not currently intend, and has no obligation, to update or revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

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