Spectrum Signal Processing Inc.

Spectrum Signal Processing Inc.

January 11, 2006 07:00 ET

Mike Farley Appointed President of Spectrum Signal Processing USA Inc.

COLUMBIA, MARYLAND--(CCNMatthews - Jan. 11, 2006) - Spectrum Signal Processing Inc. (TSX:SSY)(NASDAQ:SSPI) today announced that James P. Atkins has retired as President of its wholly-owned subsidiary, Spectrum Signal Processing (USA) Inc. and that Mike Farley has been concurrently appointed as his successor.

"Jim Atkins has done a very good job in building up our capabilities in the US, notably by solidly implementing our Special Security Agreement with the Defense Security Service, which allows Spectrum USA to execute on classified contracts with security cleared personnel. I am very thankful to Jim and wish him all the best for the future," said Pascal Spothelfer, President and CEO of Spectrum Signal Processing Inc. "It is a testament to our organization that we could fill the President position by promotion from within and I am looking forward to working with Mike in his new role."

"I am very excited to build upon the solid foundation we have built over the last three years," said Mike Farley, President, Spectrum Signal Processing (USA) Inc. "We will continue to expand our Application Engineering Services capabilities and strengthen our North American sales and business development footprint."

Mike Farley has 14 years of experience in defense and technology sales. After joining Spectrum in 1999 he facilitated Spectrum's entry into the satellite communications market utilizing his end-user experience in military satellite communications. In April of 2005, Mike Farley was promoted to Vice President, Sales and Business Development North America and he will retain those responsibilities in his new position. Mr. Farley is a former Army Signal Corps officer and holds a BSEE from Ohio University and a MBA from Loyola College.


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. Although Spectrum has received orders for shipping flexComm product, development delays and customer issues could delay shipments. 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.

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