CLARENCE, N.Y., Aug., 6, 2001 (PRIMEZONE) -- Wilson Greatbatch Technologies, Inc. ("WGT") (NYSE:GB), a leading developer and manufacturer of power sources and components used in pacemakers and other implantable medical devices, today announced that William B. Summers, Jr. was elected as a member of its Board of Directors on July 26, 2001. He was also appointed to the Audit Committee of the Board at the same meeting.
Summers is Chairman of McDonald Investments Inc., a KeyCorp company. Summers joined McDonald & Co. in 1971, holding a number of management positions until January 1994 when he was named Chief Executive Officer of McDonald & Co. Securities, Inc. and McDonald & Co. Investments, Inc. In August 1995 he was named Chairman of both companies.
Summers has been active in a wide range of securities industry activities. He is a member of the Board of Directors of the New York Stock Exchange and has served on its Regional Firms Advisory Committee. In addition to his industry commitments, Summers is active in a number of civic and charitable activities.
Wilson Greatbatch Technologies, Inc., with operations in New York, Maryland, Massachusetts and Nevada, is a leading developer and manufacturer of power sources and other critical components used in implantable medical devices and other technically demanding applications. Additional information about Wilson Greatbatch Technologies, Inc. is available at http://www.greatbatch.com.
Some of the statements in this press release and other written and oral statements made from time to time by the company and its representatives are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of Securities Exchange Act of 1934, as amended, and involve a number of risks and uncertainties. These statements can be identified by terminology such as "may", "will", "should", "could", "expects", "intends", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are based on the company's current expectations. The company's actual results could differ materially from those stated or implied in such forward-looking statements. Risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements include, among others, dependence upon a limited number of customers, product obsolescence, inability to market current or future products, pricing pressure from customers, reliance on third party suppliers for raw materials, products and subcomponents, fluctuating operating results, inability to maintain high quality standards for our products, challenges to our intellectual property rights, product liability claims, inability to successfully consummate and integrate acquisitions, unsuccessful expansion into new markets, competition, inability to obtain licenses to key technology, regulatory changes or consolidation in the healthcare industry, and other risks and uncertainties described in the company's Annual Report on Form 10-K and other periodic filings with the Securities and Exchange Commission. The company assumes no obligations to update forward-looking information included in this press release to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects.