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VT MAK ANNOUNCES NEW CEO

Co-founder and CEO, Warren Katz, to Retire

Cambridge, Mass., January 12, 2012– VT MAK (MAK), a company of VT Systems, Inc. (VT Systems), today announced the retirement of CEO and co-founder, Warren Katz, effective January 20. Katz founded MAK in 1990 with John Morrison and has acted as COO and CEO during his twenty-one years with the company. Katz and the MAK board of directors have selected Daniel J. Schimmel as the company’s new CEO. A smooth transition is expected, with no disruptions to operations as Schimmel and Katz have been working together to execute a transition plan over the past few months. Notwithstanding his retirement as a CEO, Katz will remain a consultant and advisor to the company.

Katz spent his career dedicated to the transformation of the Modeling and Simulation industry with a dedication to open standards and the COTS product marketplace. He contributed to the original Distributed Interactive Simulation (DIS) standard and pushed for the adoption of the High Level Architecture (HLA). MAK, under Katz’s direction, invented the open standards distributed simulation infrastructure marketplace. 

Schimmel has over twenty years of experience leading cutting-edge software and information services companies that have delivered high growth and profitable returns for investors. Most recently, Schimmel managed the growth of Pyramid Research, a seller of syndicated analyst content covering the global communications and media industries. Prior to Pyramid, Schimmel was CEO of OneSource Information Services, the market leader in delivering web-based company and industry information, which led to a successful IPO.

Schimmel earned a BA degree in economics from Harvard University and an MBA from Harvard Business School. He has served on the boards of venture-backed companies and was recognized as an Ernst & Young Entrepreneur of the Year in 2001.

“The sustainability of a successful and reputable company is directly related to the strength, courage, and foresight of its leader. Warren Katz has exemplified these standards thoroughly and built them into MAK's foundation. With Dan Schimmel's proven expertise and skill, he is the ideal candidate to lead the company and ensure that its goals and aspirations will continue to steer it in a positive direction.”

~ GEN (Ret.) John G. Coburn
Chairman and CEO, VT Systems

“It is with a heavy heart, and a profound feeling of pride and accomplishment that I move on to some well-deserved rest and exciting new challenges and adventures. MAK is in great hands with Dan, someone who respects our corporate culture, the foundation of our success, while bringing a much needed fresh perspective to continue and expand MAK’s growth.”

~ Warren KATZ
Outgoing Co-founder and CEO, VT MAK

“I’m excited to lead MAK in the company’s next phase of growth. I was attracted by MAK’s strong team, deep technology expertise, market presence, and its dedicated global customer base. The company has always been an acclaimed, innovative pioneer in the modeling and simulation software market. We will continue pursuing attractive growth opportunities by delivering breakthrough software to address our customers’ evolving needs.”

~ Dan SCHIMMEL
New CEO, VT MAK

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VT MAK helps customers deliver simulation systems. Leveraging a strong foundation of COTS software products and custom developed system components, MAK works with customers to build and populate compelling 3D simulated environments in which users train, plan, analyze, experiment, prototype, and demonstrate. MAK’s primary users are in the aerospace and defense industry, yet the company’s products and services can be used anywhere modeling and simulation is needed. Thousands of customers worldwide use MAK products, including the world’s ten largest defense contractors. VT MAK is a company of VT Systems. Please visit www.mak.com.

VT Systems is an engineering company providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors.  VT Systems’ innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems operates globally and is a wholly owned subsidiary of ST Engineering. Please visit www.vt-systems.com.

Media Contacts:

Michelene St. Amand
Director of Marketing
VT MAK
Phone: (1) 617 876 8085 x144
Fax: (1) 617 876 9208
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Edward Szeto
Manager, Corporate Communications
VT Systems 
Phone: (1) 703 739 2610
Fax: (1) 703 739 2611
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