LaserCard Corporation (NASDAQ:LCRD)(www.lasercard.com), a leading provider of secure ID solutions, today announced the appointment of Kevin McKenna as Vice President of Sales, Americas. Based in Washington, D.C., McKenna will be responsible for leading the Company's sales and government relations activities in North, Central and South America.
McKenna joins LaserCard with more than a decade of experience in the hardware, software and services markets, most recently as President and COO of Paraquis Solutions, LLC, a consulting firm. Previously, McKenna sold and implemented complex identity and information systems during his management roles at two of North America's leading identity solutions and information technology providers. McKenna also served for seven years as an Aviation Officer in the U.S. Army following his graduation from the United States Military Academy at West Point.
"Kevin brings an exceptional level of industry knowledge to this role, and we are very pleased to welcome him to LaserCard," said Bob DeVincenzi, president and CEO of LaserCard. "Kevin will play a critical role in the expansion of our focus on opportunities in the secure identity market in the Americas."
As an inducement to join LaserCard, McKenna was granted a non-statutory stock option for 20,000 shares with an exercise price of $4.635. The stock option has a seven-year term with 25% vesting after one year and 6.25% vesting quarterly over the following twelve quarters.
About LaserCard Corporation
LaserCard Corporation, together with its subsidiaries, is a leading provider of secure ID solutions to governments and commercial clients worldwide. It develops, manufactures, and integrates LaserCard(R) optical security media cards, multi-technology cards, encoders, peripherals, smart and specialty cards, biometrics, and modular software. The Company's cards and systems are used in various applications, including citizen identification, border security, government service delivery and facility access.
For further information, please visit www.lasercard.com.
SOURCE: LaserCard Corporation
LaserCard Corporation
Ellen Brook, +1-650-267-1949
ebrook@lasercard.com
Mary McEvoy Carroll, +1-408-691-4283
mmcevoy@lasercard.com
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