Herb Ostenberg Joins Electro Rent as National Sales Director, ATP Channel
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Agilent Veteran Ostenberg to Lead New Authorized Technology Partner (ATP) Sales Organization
VAN NUYS, Calif.--(BUSINESS WIRE)-- Electro Rent Corporation (NASDAQ: ELRC) today announced the appointment of Herb Ostenberg to the newly created position of National Sales Director, Advanced Technology Partner Channel. Earlier this week, Electro Rent was named Agilent Technology's sole ATP for the United States and Canada. Ostenberg will lead the sales organization devoted to servicing Agilent's customer base. As previously announced, Electro Rent expects to hire 50 employees in support of this new channel.
Ostenberg, 60, spent part of the last 10 years at Agilent as National Sales Manager and Vice President and General Manager, where he was responsible for leading the company's sales, support, marketing and order management functions for the Americas, as well as developing the sales team strategy for the western United States and Canada. Prior to Agilent, Ostenberg spent over 20 years with Hewlett Packard, where he held a number of positions, including Worldwide Test and Measurement Marketing and Order Generation Manager and North Americas Test and Measurement Channel Manager. Ostenberg earned his Bachelor of Science degree in Electrical Engineering from Montana State University.
"We are extremely fortunate to have someone as extensively qualified as Herb lead our Agilent ATP efforts," said Dan Greenberg, CEO of Electro Rent. "In addition to a decade of experience at Agilent in a variety of senior sales positions, Herb has spent a large part of his professional career in test and measurement equipment sales.
"Our new agreement with Agilent is very important for Electro Rent, and Herb's wealth of experience, most notably his vast and immeasurable understanding of Agilent and its products, will be a huge benefit to us as we begin to service Agilent customers and grow this new and important sales channel," Greenberg said.
About Electro Rent
Electro Rent Corporation (www.ElectroRent.com) is one of the largest global organizations devoted to the rental, leasing and sales of general purpose electronic test equipment, personal computers and servers.
"Safe Harbor" Statement:
Except for the historical statements and discussions above, our statements above constitute forward-looking statements within the meaning of section 21E of the Securities Exchange Act of 1934. These forward-looking statements, which include statements about Electro Rent's ability to grow its Agilent ATP sales channel, among others, reflect Electro Rent's management's current views with respect to future events and financial performance; however, you should not put undue reliance on these statements. When used, the words "anticipates," "believes," "expects," "intends," "future," and other similar expressions identify forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties. The company believes its management's assumptions are reasonable; nonetheless, it is likely that at least some of these assumptions will not come true. Accordingly, Electro Rent's actual results will probably differ from the outcomes contained in any forward-looking statement, and those differences could be material. Factors that could cause or contribute to these differences include, among others, those risks and uncertainties discussed in the company's periodic reports on Form 10-K and 10-Q and in its other filings with the Securities and Exchange Commission. Should one or more of the risks discussed, or any other risks, materialize, or should one or more of our underlying assumptions prove incorrect, our actual results may vary materially from those anticipated, estimated, expected or projected. In light of the risks and uncertainties, there can be no assurance that any forward-looking statement will in fact prove to be correct. Electro Rent undertakes no obligation to update or revise any forward-looking statements.
Source: Electro Rent Corporation
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