Vicor Corporation Announces Appointment of Andrew D’Amico to Board of Directors

Rhea-AI Summary

Vicor Corporation (NASDAQ: VICR) has announced the appointment of Andrew T. D’Amico to its Board of Directors, effective October 21, 2020. D’Amico, who has been with Vicor as General Counsel for Intellectual Property since 2006, brings extensive experience in patent law and technology. With a law degree from The George Washington University and a B.S.E.E. from the N.J. Institute of Technology, he also has a background in aerospace engineering. Chairman Patrizio Vinciarelli noted that the appointment highlights D’Amico's vital role in protecting Vicor’s intellectual property.

Positive

• Appointment of Andrew T. D’Amico may strengthen Vicor's intellectual property management.
• D’Amico's extensive experience in patent law can provide valuable insights to the Board.

Negative

• Transitioning to a new board member could lead to potential disruption in continuity.

ANDOVER, Mass., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Vicor Corporation (NASDAQ: VICR) announced today the appointment of Andrew T. D’Amico to its Board of Directors, effective October 21, 2020.

Mr. D’Amico, 59, has served in the role of General Counsel for Intellectual Property since January 2006. Prior to his engagement by the Company, Andrew had 18 years of private practice experience in the field of patent law, including patent litigation, patent licensing and patent prosecution, as well as counseling in diverse technological areas, most recently in the New York office of Fish & Richardson P.C..

Mr. D’Amico received a law degree from The George Washington University’s National Law Center and an electrical engineering degree (B.S.E.E., Magna Cum Laude) from the N.J. Institute of Technology. Prior to entering law school, Andrew was a design engineer in the aerospace industry.

Patrizio Vinciarelli, Chairman of the Board and Chief Executive Officer, stated: "Andy’s appointment to the BOD recognizes his long standing role in developing and protecting Vicor’s Intellectual Property."

About Vicor

Vicor Corporation designs, develops, manufactures and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high-performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, aerospace and defense. www.vicorpower.com

Vicor is a registered trademark of Vicor Corporation.

FAQ

What is the significance of Andrew T. D’Amico's appointment to the Vicor Board?

Andrew T. D’Amico's appointment is significant as it underscores his role in intellectual property management, which is crucial for Vicor's technological innovations.

When did Andrew T. D’Amico join Vicor's Board of Directors?

Andrew T. D’Amico joined Vicor's Board of Directors on October 21, 2020.

What experience does Andrew T. D’Amico bring to Vicor?

D’Amico brings over 18 years of experience in patent law, focusing on patent litigation, licensing, and prosecution, along with a background in electrical engineering.

How might D’Amico's appointment impact Vicor's future?

D’Amico's appointment may enhance Vicor's approach to protecting its intellectual property, potentially leading to stronger market competitiveness.