Actelis Networks Names Industry Veteran Rich Yonker as Chief Financial Officer

To meet growing revenue streams, Richard Yonker joins Actelis to lead all accounting, financial reporting and investor relations initiatives

FREMONT, Calif., June 1, 2004 - Actelis Networks®, a leading supplier of solutions that enable carrier-grade broadband services over copper plant, today announced that Rich Yonker has joined the organization as the Chief Financial Officer. In this role, Yonker will be responsible for all accounting, financial reporting and investor relations initiatives.


Yonker joins Actelis with more than 30 years experience in both start up and large technology organizations. In his most recent role, Yonker served as the Chief Financial Officer for Bermai, a wireless technology company. Prior to Bermai, Yonker served as the Chief Financial Officer for Gluon Networks, a next generation switching and access system vendor. Yonker has also held executive financial management positions with Agility Communications and MMC Networks, where he was instrumental in the sale of the company to Applied Micro Circuits (AMCC) for more than $4 billion. He has also held senior management positions with Intesys Technologies, Computron Software, Asyst Technologies, The ASK Group, Digital Equipment Corp., Intel, Mobil and General Motors. He holds a master's degree in Management (Finance) from MIT, and a bachelor's degree in Industrial Engineering from General Motors Institute.


"Rich Yonker brings the valuable experience and leadership to Actelis Networks that will help the organization advance to the next levels of development," said Tuvia Barlev, president and chief executive officer, Actelis Networks. "During the last year, we've evolved from a start up technology organization into an expanding, revenue-generating company. As our increasing sales pipeline and revenues change the financial dynamics of the company, Yonker will provide the key leadership and expertise needed to facilitate our growth."