NovoDynamics Names David A. Rock CEO

August 01, 2005
Ann Arbor, MI

NovoDynamics, an In-Q-Tel portfolio company and technology leader in OCR and document exploitation, announced that effective August 1, 2005, David A. Rock, current President and COO, will become President and CEO as well as a member of NovoDynamics' Board of Directors. Mr. Donald C. Garaventi, the former CEO and Chairman of the Board, will remain Chairman of the Board.

"All of us on the Board are elated to have David become CEO and a member of our Board," said Don Garaventi. "David brings over 15 years of technical and management experience to our business. From the time he joined us, he has made significant contributions to the company. We are excited to have someone of David's caliber lead NovoDynamics."

David Rock became NovoDynamics' CSO in December, 2004, and President/COO in April 2005. Prior to joining NovoDynamics, he was the General Manager and Senior Director of Engineering of a Siemens Medical USA, Inc. business unit. While under his management, the business achieved record revenues and received the 2003 Frost & Sullivan Market Penetration Award by capturing more than 50% of the market. Prior to working in the medical industry, David was a Research Computer Scientist for the U.S. government; developed graphics software for Lucasfilm, LTD; and created a commercial programming language. In addition to his management and technical experience, he has co-authored six patents.

"From my first involvement with NovoDynamics, I have been impressed with the company's people, its technology base, and its exciting market penetration and growth opportunities," said David Rock. "I appreciate the opportunity that the Board has given to me, and I look forward to leading NovoDynamics to its next level of development."

NovoDynamics, an Advanced Image Discovery Company, is a leading supplier of unique software products for converting Middle Eastern language printed documents into computerized text. NovoDynamics' scientists leveraged decades of experience in data mining, pattern recognition, and image processing to create breakthrough products that can accurately extract text from "real world" documents, including smudged faxes, poor quality photocopies, and documents with stains. In recent third-party tests using degraded documents, NovoDynamics' products have delivered significant performance advantages over competitive products.

NovoDynamics, an In-Q-Tel portfolio company located in Ann Arbor, MI, provides image discovery software products and services to the intelligence, homeland security, and law enforcement markets. For more information, please visit www.novodynamics.com.