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EX-99.1 - STANDSTILL AND VOTING AGREEMENT - MINIM, INC. | zmtp_ex991.htm |
8-K - CURRENT REPORT - MINIM, INC. | zmtp_8k.htm |
Exhibit 99.2
Zoom Telephonics, Inc. Announces the Retirement of 3
Directors
Boston,
MA, October 13, 2020 – Zoom Telephonics, Inc.
(“Zoom”) (OTCQB: ZMTP), a leading manufacturer of
Motorola-brand cable modems, routers, and home security products,
announced today the retirement of Co-Founders Frank Manning, Peter
Kramer, and longtime board member Joseph Donovan from the
company’s Board of Directors.
Founded
in 1977, Zoom’s first products were the phone Silencer and an
advanced speed dialer known as the Demon Dialer. The company
introduced its first dial-up modem in 1983, and grew its modem
sales to $100 million by 1996, generating $2.5 million in net
income that year. Their manufacturing team went on to produce a
variety of broadband products—DSL,
cable modems, and modem/routers included—which
grew as dial-up modem sales declined. In 2016, Zoom began selling
these broadband products under a Motorola brand license, fueling
dramatic growth. The company has since expanded this Motorola brand
license to include other local area networking products, including
mesh products and a range of home security solutions. Although Zoom
continues to focus on broadband and local area network products,
the company has recently added powerful networking applications and
other software to its portfolio to provide even higher performance
and ease of use.
“Zoom
Telephonics is going through an exciting generational
change,” says Jeremy Hitchcock, Executive Chairman.
“After providing years of strategic leadership as CEO, Frank
Manning has continued to give valuable counsel to the board. It is
a testament to the hard work of Mr. Manning, and the many others
who have contributed throughout the years, that this company
remains strong and well-positioned for future growth. We are
particularly grateful for the many years of service provided by
Frank Manning, Peter Kramer and Joe Donovan, and for the trust they
put into Zoom’s new leadership.”
“Zoom
Telephonics is a leader in Internet access products that deliver
high performance and ease of use, and we benefit from strong
customers including Amazon, Best Buy, Micro Center, Target, and
others,” said Frank Manning. “I’m excited about
Zoom’s potential as it expands into Mesh Network products and
benefits from exciting new software applications. I’m proud
of what I’ve accomplished at Zoom, with 43 years as CEO
ending with my retirement in February of this year. I’m very
grateful for the people I’ve worked with, including
co-founder and former Executive VP Peter Kramer, co-founders T. Pat
Manning, Bruce Kramer, and Bernard Furman, former VP Operations
Deena Randall and VP Sales & Marketing Terry Manning, many
other wonderful co-workers, Joe Donovan, Bob Crowley, Ron Woods,
and other Directors, customers, suppliers, investors, and others.
Together we grew a great company, and we wish Jeremy Hitchcock and
the entire Zoom team the best as they aggressively move into the
future.”
About Zoom Telephonics Zoom Telephonics, Inc.
(“Zoom”)
(OTCQB: ZMTP) Operating under an exclusive worldwide license from
Motorola, Zoom Telephonics, Inc. (OTC: ZMTP) develops, markets, and
supports Motorola-brand cable modems, routers, and home security
products.
In
addition, Zoom Telephonics develops customer engagement platforms
for IoT devices, such as the new MotoManage App, enabling product
diversification for increased market share and future license
expansion. For more information about Zoom and Motorola products,
please visit www.zoom.net and www.motorolanetwork.com and
www.motomanage.com
About Motorola Strategic Brand Partnerships
For
over 90 years the Motorola brand has been known around the world
for high quality, innovative and trusted products. Motorola’s
Strategic Brand Partnership program seeks to leverage the power of
this iconic brand by teaming with dynamic companies who offer
unique, high quality products that enrich consumer’s lives.
Strategic brand partners work closely with Motorola engineers while
developing and manufacturing their products, ensuring that their
products meet the exacting safety, quality, and reliability
standards that consumers have come to expect from
Motorola.
To
learn more about Motorola strategic brand partnerships, follow us
@ShopMotorola MOTOROLA, the Stylized Motorola Logo and the Stylized
M Logo are trademarks or registered trademarks of Motorola
Trademark Holdings, LLC, and are used under license.
Media
Contact: Marlana Trombley
Interim
CMO Zoom Telephonics
Phone:
203-592-9687
Email:
Marlana@zoom.net