Simlatus Announces New Chairman and CEO Richard Hylen
Grass Valley, CA, Nov. 01, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- On November 1, 2018, the Company appointed its new Chairman and CEO Richard Hylen.
Mr. Hylen is the Founder of Satel Group Inc. and has a long successful history as the Managing Director of Turner Broadcasting Far East LTD, and as a Senior Executive of Viacom's San Francisco cable company while providing cable, fiber, satellite, wireless and CAT5 both domestically and to over 50 countries worldwide over the past 35 years. Richard formed the Satel Group in 2008 in the San Francisco Bay Area in order to provide video and Internet services using the most advanced technologies. His skill set encompasses successfully negotiating complicated licensing agreements with governmental entities, creating joint venture partnerships, developing strategic distribution relationships, financing, designing, installing and managing advanced technologies to provide consumers with video and Internet services. Mr. Hylen used his extensive corporate management expertise combined with his technical knowledge to create Satel Group, recognized as one of the nation's largest providers of DirecTV to high rise buildings in a major metropolitan market.
The new Chairman and CEO, Richard Hylen, stated, “We are very excited to work with Bob Stillwaugh, the former Chairman and CEO, in working together to combine both of our technologies to expand our business model in various metropolitan markets throughout the west coast. Both Mr. Stillwaugh and Mike Schatz, the former COO, will remain aboard operating the manufacturing business in building audio/video systems under the Simlatus umbrella as President and Vice President, while providing Satel Group with new proprietary systems for our services. Simlatus has been manufacturing the HD212C for Direct TV over the past several years, and this device is a specialized protection switcher with video presence sensing on each input, and Simlatus will support Satel with our proprietary product needs, continue manufacturing their audio/video products for large broadcast networks, complete their Sync Pal products and continue their direction with Virtual Reality Products for the Broadcast markets.”
Bob Stillwaugh, former Chairman and CEO, stated, “We continue to manufacture specialized audio/video systems for various markets including Broadcast Networks and underwater exploration. Satel allows Simlatus more strength and a firm foundation to expand our markets and systems. I look forward to working with Richard Hylen and in the best interest of our shareholders.”
About: Based in San Francisco, CA, Satel provides High Speed Internet, and DIRECTV™ for Multi-dwelling buildings including: Businesses, Apartments and Condominiums, and Residential Communities since 2008.
Simlatus Corporation is a revenue company that manufactures and markets commercial High-Definition (HD) and Analog audio/video systems for the global broadcast studio industry.
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
Contact: Richard Hylen, Chairman and CEO (530) 205-3437
