Boston, MA - (NewMediaWire) - October 13, 2020 - ZoomTelephonics, Inc. (“Zoom”) (OTCQB: ZMTP), a leading manufacturer ofMotorola-brand cable modems, routers, and home security products, announcedtoday the retirement of Co-Founders Frank Manning, Peter Kramer, and longtimeboard member Joseph Donovan from the company’s Board of Directors.
Founded in 1977, Zoom’s firstproducts were the phone Silencer and an advanced speed dialer known as theDemon Dialer. The company introduced its first dial-up modem in 1983, andgrew its modem sales to $100 million by 1996, generating $2.5 million in netincome that year. Their manufacturing team went on to produce a variety ofbroadband products—DSL, cable modems, and modem/routers included—which grew asdial-up modem sales declined. In 2016, Zoom began selling these broadbandproducts under a Motorola brand license, fueling dramatic growth. The companyhas since expanded this Motorola brand license to include other local areanetworking products, including mesh products and a range of home securitysolutions. Although Zoom continues to focus on broadband and local area networkproducts, the company has recently added powerful networking applications andother software to its portfolio to provide even higher performance and ease ofuse.
“Zoom Telephonics is going through an excitinggenerational change,” says Jeremy Hitchcock, Executive Chairman. “Afterproviding years of strategic leadership as CEO, Frank Manning has continued togive 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, thatthis company remains strong and well-positioned for future growth. We areparticularly 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 newleadership.”
“Zoom Telephonics is a leader in Internetaccess products that deliver high performance and ease of use, and we benefitfrom strong customers including Amazon, Best Buy, Micro Center, Target, andothers,” said Frank Manning. “I’m excited about Zoom’s potential as itexpands into Mesh Network products and benefits from exciting new softwareapplications. I’m proud of what I’ve accomplished at Zoom, with 43 years as CEOending with my retirement in February of this year. I’m very grateful for thepeople I’ve worked with, including co-founder and former Executive VP PeterKramer, co-founders T. Pat Manning, Bruce Kramer, and Bernard Furman, former VPOperations Deena Randall and VP Sales & Marketing Terry Manning, many otherwonderful co-workers, Joe Donovan, Bob Crowley, Ron Woods, and other Directors,customers, suppliers, investors, and others. Together we grew a greatcompany, and we wish Jeremy Hitchcock and the entire Zoom team the best as theyaggressively 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 supportsMotorola-brand cable modems, routers, and home security products.
In addition, Zoom Telephonicsdevelops customer engagement platforms for IoT devices, such as the newMotoManage App, enabling product diversification for increased market share andfuture license expansion. For more information about Zoom and Motorolaproducts, please visit www.zoom.net and www.motorolanetwork.com andwww.motomanage.com
AboutMotorola Strategic Brand Partnerships
For over 90 years the Motorola brand has beenknown around the world for high quality, innovative and trusted products.Motorola’s Strategic Brand Partnership program seeks to leverage the power ofthis iconic brand by teaming with dynamic companies who offer unique, highquality products that enrich consumers’ lives. Strategic brand partners workclosely with Motorola engineers while developing and manufacturing theirproducts, ensuring that their products meet the exacting safety, quality, andreliability standards that consumers have come to expect from Motorola.
To learn more about Motorolastrategic brand partnerships, follow us @ShopMotorola. MOTOROLA, the StylizedMotorola Logo and the Stylized M Logo are trademarks or registered trademarksof 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