Craig Malone Joins XTREMEX3 as CTO and SVP Product Development

CHANTILLY, Va., April 27 -- XTREMEX3 announced today that Craig Malone has joined the management team as Chief Technology Officer and Senior Vice President of Product Development. Craig will lead the company's product development and technology development initiatives and teams.

"I'm delighted that Craig has joined XTREMEX3," said Phil Sweatman, President and CEO. "Craig has a unique combination of hands-on product and technical experience, team leadership, and entrepreneurial success. Craig will be responsible for ensuring outstanding product quality for our customers, as well as helping to lead our entry into new markets."

Craig Malone, CTO-SVP Product Development

Craig Malone brings over 18 years of product development experience from both the defense and commercial electronics industries. Craig is responsible for XTREMEX3's product development function and leads the evolution of the company's technical strategy for product innovation and differentiation.

Craig joined XTREMEX3 from Philips Consumer Electronics where he was the Vice President, Business Development, of a strategic initiative to develop consumer solutions for providing wireless multi-media distribution of high speed internet content within the home. Prior to Philips Consumer Electronics, Craig served as Vice President, Engineering, for Philips Broadband Networks where he lead all global research and development activities with an international team of professionals in the United States, France, and the Netherlands. Craig championed the design, development, and complete life-cycle management of Philips' broadband network solutions.

Prior to joining Philips, Craig worked at Raytheon Company in a variety of leadership roles developing RF and opto-electronic technologies. While with Raytheon, Craig served as a Sr. Engineering Manager on a major defense acquisition program with responsibility for the technical management of the engineering team and providing technical leadership to major subcontractors in the development of hardware and software.

Craig holds a B.S. in Physics from the University of Massachusetts Dartmouth and a M.S. in Physics from Worcester Polytechnic Institute.

About XTREMEX3

XTREMEX3 is the leading provider of turnkey tri-media solutions for racing and driving schools. XTREMEX3 helps customers and partners build revenues around a cutting-edge tri-media in-vehicle application. The XTREMEX3 solution records, stores and plays back all dimensions -- multiple digital video views, crystal clear audio, and vehicle instrumentation data -- of extreme motorsports experiences.