Irving, TX – November 10, 2008 – EF Johnson Technologies, Inc. (NASDAQ: EFJI) announced today that Michael Jalbert, 63, president and chief executive officer of EFJohnson Technologies, Inc. has agreed to amend and extend his employment agreement, allowing him to continue to lead the company for an additional two years.
Jalbert commented, “This new agreement ensures continuity in our leadership as we move forward. We will continue to develop new products and seek new partnerships, and continue our role as a leading supplier of secure wireless communication solutions to those who protect and save lives. I am looking forward to a successful new term.” Jalbert added,” I have been asked by the board to develop and institute a successful succession plan for the company.”
The new amended and restated agreement was effective November 1, 2008, and runs through December 31, 2010. Michael Jalbert was appointed to serve as a director upon his hiring as President and Chief Executive Officer on March 1, 1999. Mr. Jalbert was elected Chairman of the Board of Directors on March 25, 1999. Under his watch, the company has grown its revenues to $155 million in 2007, transitioned the product portfolio from analog voice products to digital voice, video and data products, obtained the relisting of the company on NASDAQ, relocated the company to Texas, and integrated the operating structure into one organization.