Spectrum Signal Processing Inc.

Spectrum Signal Processing Inc.

June 05, 2006 07:00 ET

Spectrum Signal Processing Appoints Martin Carsky as Director

BURNABY, BRITISH COLUMBIA--(CCNMatthews - June 5, 2006) - Mr. Irving Ebert, Chair of the Board of Directors of Spectrum Signal Processing Inc. (TSX:SSY)(NASDAQ:SSPI), today announced the appointment of Mr. Martin Carsky to the Company's Board of Directors and as Chair of its Audit and Governance Committee.

"On behalf of Spectrum's entire Board of Directors, I would like to extend Martin a warm welcome to the Company's board," said Mr. Ebert. "Martin has considerable senior experience with a range of US and Canadian listed companies and, being Vancouver-based, is able to work closely with Spectrum's management team and auditors."

Mr. Ebert continued, "I would also like to thank Mr. David E. Scott for serving in the important role of interim Chair of Spectrum's Audit and Governance Committee since January of this year."

Mr. Carsky is the President, Chief Executive Officer and Chief Financial Officer of Cryopak Industries Inc. Mr. Carsky has over 15 years of corporate finance and management experience including extensive capital markets, corporate development and restructuring experience with Cryopak Industries Inc., Anthem Works Ltd. (formerly Anthem Properties Corp.), Alderwoods Group Inc. (formerly the Loewen Group Inc.) as well as from consulting roles with various mid-market companies. Mr. Carsky is a Director of Cryopak Industries Inc., Kruger Capital Corp., the Vancouver Chapter of the Association for Corporate Growth and the Pacific Otolaryngology Foundation. Mr. Carsky holds a Chartered Accountant designation and earned a Bachelor of Science degree in Chemistry from the University of British Columbia.

"I'm delighted to join Spectrum's Board of Directors," stated Mr. Carsky. "I believe that I bring a unique combination of senior operational experience and financial depth gained from years of experience with mid-market companies and I look forward to contributing to Spectrum's growth."

Currently, Spectrum's Board of Directors consists of:

- Martin Carsky, President, Chief Executive Officer and Chief Financial Officer, Cryopak Industries Inc.;

- Irving Ebert, Independent Corporate Director;

- Andrew Harries, President and Chief Executive Officer, Zeugma Systems, Inc.;

- Jules Meunier, Independent Corporate Director;

- Matthew Mohebbi, Vice-President and General Manager, Mobile Satellite Systems and International Marketing, Hughes Networks Systems, Inc.;

- David E. Scott, Independent Corporate Director; and,

- Pascal Spothelfer, President and Chief Executive Officer, Spectrum Signal Processing Inc.


Spectrum Signal Processing Inc. (TSX:SSY)(NASDAQ:SSPI) is a leading supplier of software defined platforms for defense electronics applications. Spectrum's products and services are optimized for military communications, signals intelligence, surveillance, electronic warfare and satellite communications applications. Spectrum's integrated, application-ready products provide its customers with compelling time-to-market and performance advantages while mitigating program risk and cost parameters. Spectrum Signal Processing (USA) Inc., based in Columbia, MD, provides applications engineering services and modified commercial-off-the-shelf platforms to the US Government, its allies and its prime contractors. For more information on Spectrum and its flexComm™ product line, please visit www.spectrumsignal.com.


This news release contains forward-looking statements related to sales of the Spectrum Signal Processing Inc. flexComm product line. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including the timely development and acceptance of Spectrum's new products, the impact of competitive products and pricing, availability of components, changing market conditions and the other risks detailed from time to time in other company filings. Actual results may differ materially from those projected. These forward-looking statements represent the company's judgment as of the date of this release and Spectrum may or may not update these forward-looking statements in the future. Readers are referred to Spectrum's assumptions and risk factors set out in the most current Form 20-F filed with the Securities and Exchange Commission and the British Columbia Securities Commission.

flexComm is a trademark of Spectrum Signal Processing Inc. Other product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.

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