ADDvantage Technologies Announces Wireless Segment Management Change
February 27 2020 - 8:00AM
ADDvantage Technologies Group, Inc. (NASDAQ: AEY) (“ADDvantage
Technologies” or the “Company”) today named Jimmy Taylor the
Interim President of the ADDvantage Wireless Services segment,
replacing Colby Empey. Colby had been leading Fulton Technologies
prior to the Company’s asset acquisition in January 2019 and for
more than a year under the Company’s ownership.
“We appreciate Colby’s energy and leadership at
Fulton as he helped to integrate Fulton into our Company after the
acquisition and stabilized the business,” said CEO Joe Hart. “We
wish him luck in his future endeavors in the industry. At the same
time, we need to make strategic changes at Fulton to be ready to
take advantage of the growth and opportunities that will come from
the advent of 5G now that the Sprint-T-Mobile merger has been
approved and Dish Wireless plans its debut as the fourth major
carrier in the US market. Jimmy Taylor is someone that I have
worked with in past assignments and is well connected in the
wireless industry, especially in site development.”
Mr. Taylor is a 35-year veteran of the wireless
infrastructure and telecommunications industries. He has extensive
experience in both operational leadership and business development,
creating a solid foundation for process improvement as well as
organic and transactional growth. Mr. Taylor has held multiple
senior leadership roles, especially in site development and
deployment. He started his career at Houston Cellular and PrimeCo
PCS and then joined Crown Castle International, one of the world’s
largest tower asset management companies. He was the Regional VP of
Southwest Operations for Crown Castle for almost 10 years, where he
was responsible for site development, deployment and leasing
operations. He was VP of Site Development at Goodman Networks and
President of the Teltech Group and Cotton Telecom. His robust
experience and contacts in the wireless infrastructure services
industry will help Fulton reach its full potential as the industry
prepares for significant growth related to 5G. Mr. Taylor is a
graduate of The University of Texas. About ADDvantage
Technologies Group, Inc. ADDvantage Technologies Group,
Inc. (Nasdaq: AEY) is a communications infrastructure services and
equipment provider operating a diversified group of companies
through its Wireless Infrastructure Services and Telecommunications
segments. Through its Wireless segment, Fulton Technologies
provides turn-key wireless infrastructure services including the
installation, modification and upgrading of equipment on
communication towers and small cell sites for wireless carriers,
national integrators, tower owners and major equipment
manufacturers. Through its Telecommunications segment, Nave
Communications and Triton Datacom sell equipment and hardware used
to acquire, distribute, and protect the communications signals
carried on fiber optic, coaxial cable and wireless distribution
systems. The Telecommunications segment also offers repair services
focused on telecommunication equipment and recycling surplus and
related obsolete telecommunications equipment.
ADDvantage operates through its subsidiaries,
Fulton Technologies, Nave Communications, and Triton Datacom. For
more information, please visit the corporate web site at
www.addvantagetechnologies.com.
Cautions Regarding Forward-Looking
Statements
The information in this announcement may include
forward-looking statements. All statements, other than statements
of historical facts, which address activities, events or
developments that the Company expects or anticipates will or may
occur in the future, are forward-looking statements. These
statements are subject to risks and uncertainties, which could
cause actual results and developments to differ materially from
these statements. A complete discussion of these risks and
uncertainties is contained in the Company’s reports and documents
filed from time to time with the Securities and Exchange
Commission.
For further information:Hayden IRBrett Maas(646)
536-7331aey@haydenir.com
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