Boston, MA – 
(NewMediaWire) – October 13, 2020 – Zoom
Telephonics, Inc. (“Zoom”) (OTCQB: ZMTP), a leading manufacturer of
Motorola-brand cable modems, routers, and home security products, announced
today the retirement of Co-Founders Frank Manning, Peter Kramer, and longtime
board member Joseph Donovan from the company’s Board of Directors.
Founded in 1977, Zoom’s first
products were the phone Silencer and an advanced speed dialer known as the
Demon Dialer. The company introduced its first dial-up modem in 1983, and
grew its modem sales to $100 million by 1996, generating $2.5 million in net
income that year. Their manufacturing team went on to produce a variety of
broadband products—DSL, cable modems, and modem/routers included—which grew as
dial-up modem sales declined. In 2016, Zoom began selling these broadband
products under a Motorola brand license, fueling dramatic growth. The company
has since expanded this Motorola brand license to include other local area
networking products, including mesh products and a range of home security
solutions. Although Zoom continues to focus on broadband and local area network
products, the company has recently added powerful networking applications and
other software to its portfolio to provide even higher performance and ease of
use.
“Zoom Telephonics is going through an exciting
generational change,” says Jeremy Hitchcock, Executive Chairman. “After
providing years of strategic leadership as CEO, Frank Manning has continued to
give 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, that
this company remains strong and well-positioned for future growth. We are
particularly 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 new
leadership.”
“Zoom Telephonics is a leader in Internet
access products that deliver high performance and ease of use, and we benefit
from strong customers including Amazon, Best Buy, Micro Center, Target, and
others,” said Frank Manning. “I’m excited about Zoom’s potential as it
expands into Mesh Network products and benefits from exciting new software
applications. I’m proud of what I’ve accomplished at Zoom, with 43 years as CEO
ending with my retirement in February of this year. I’m very grateful for the
people I’ve worked with, including co-founder and former Executive VP Peter
Kramer, co-founders T. Pat Manning, Bruce Kramer, and Bernard Furman, former VP
Operations Deena Randall and VP Sales & Marketing Terry Manning, many other
wonderful co-workers, Joe Donovan, Bob Crowley, Ron Woods, and other Directors,
customers, suppliers, investors, and others. Together we grew a great
company, and we wish Jeremy Hitchcock and the entire Zoom team the best as they
aggressively 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 supports
Motorola-brand cable modems, routers, and home security products.
In addition, Zoom Telephonics
develops customer engagement platforms for IoT devices, such as the new
MotoManage App, enabling product diversification for increased market share and
future license expansion. For more information about Zoom and Motorola
products, please visit www.zoom.net and www.motorolanetwork.com and
www.motomanage.com
About
Motorola Strategic Brand Partnerships
For over 90 years the Motorola brand has been
known around the world for high quality, innovative and trusted products.
Motorola’s Strategic Brand Partnership program seeks to leverage the power of
this iconic brand by teaming with dynamic companies who offer unique, high
quality products that enrich consumers’ lives. Strategic brand partners work
closely with Motorola engineers while developing and manufacturing their
products, ensuring that their products meet the exacting safety, quality, and
reliability standards that consumers have come to expect from Motorola.
To learn more about Motorola
strategic brand partnerships, follow us @ShopMotorola. MOTOROLA, the Stylized
Motorola Logo and the Stylized M Logo are trademarks or registered trademarks
of 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
