Hypercom Appoints Ulf Hönick Vice President, Healthcare
SCOTTSDALE, AZ, and BAD HERSFELD, GERMANY, January 14, 2009 (AllPayNews.com) -- Hypercom Corporation (NYSE: HYC) today announced the appointment of Ulf Hönick as Vice President, Healthcare. Mr. Hönick, 39, will be responsible for driving sales and extending globally the Company’s footprint in the fast growing healthcare sector. He will report to Peter Ehlers, Managing Director, Northern Europe, Hypercom Corporation for regional development and coordinate with Hypercom Global Marketing Vice President Stuart Taylor for global strategic development. He succeeds Frank Büttner and his appointment is effective on February 1, 2009.
Ulf Hönick joins Hypercom from Siemens AG’s Healthcare Sector, where he served for the past four years as Director of Business Management and Sales. He has also held positions with Guardeonic Solutions AG and MediaSec Technologies.
“Ulf Hönick’s extensive expertise in developing new security markets together with his thorough understanding of Germany’s e-Health project will strengthen our position in the healthcare market internationally and help us build market share,” said Mr. Ehlers.
Mr. Hönick has more than 10 years of international experience in the healthcare and IT sectors. In his most recent position with Siemens AG, Mr. Hönick developed and implemented country specific solution strategies and sales within the company’s Medical Solutions and other Siemens divisions and Siemens affiliates. Prior to that Mr. Hönick worked for Siemens in a number of positions including General Project Manager for IT-Security Projects, Business Development Manager and Project Manager for the IT-Security suite TranSON® (Transaction Security in Open Networks) of Industrial Solutions and Service.
Mr. Hönick also served as Executive Director for global Key Account Management with Guardeonic Solutions AG and Steering Board Member with MediaSec Technologies.
Mr. Hönick holds a Master of Engineering in Computer Science from the University of Paderborn in Germany.
About Hypercom (www.hypercom.com)
Global payment technology leader Hypercom Corporation delivers a full suite of high security, end-to-end electronic payment products and services. The Company's solutions address the high security electronic transaction needs of banks and other financial institutions, processors, large scale retailers, smaller merchants, quick service restaurants, and users in the transportation, petroleum, healthcare, prepaid, unattended and many other markets. Hypercom solutions enable businesses in more than 100 countries to securely expand their revenues and profits. With its acquisition of Thales e-Transactions in 2008, Hypercom became the second largest provider of electronic payment solutions and services in Western Europe, and solidified its position as the third largest provider globally.
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Hypercom and medCompact are registered trademarks of Hypercom Corporation. All other products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners. This press release includes statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the qualifications of the Company's new Vice President, Healthcare; the Company's expected future performance; market acceptance of new products; product capability and performance; product competitiveness and market share; and product sales, revenues and profits. These forward-looking statements are based on management’s current expectations and beliefs and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward-looking statements include, the ability to attract and retain qualified executives; industry, competitive and technological changes; the loss of, and failure to replace any significant customers; the composition, timing and size of orders from and shipments to major customers; inventory obsolescence; market acceptance of new products and services; compliance with industry standards, certifications and government regulations; the performance of suppliers and subcontractors; our ability to improve our cost structure, including reducing our product and operating costs; our ability to successfully manage our transition to a contract manufacturing model, including the impact on inventories; our ability to allocate research and development resources to new product and service offerings; our ability to increase market share and our competitive strength; our future financial performance and financial condition; risks associated with international operations and foreign currency fluctuations; the state of the U.S. and global economies in general and other risks detailed in our filings with the Securities and Exchange Commission, including the Company's most recent 10-K and subsequent 10-Qs and 8-Ks. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.