Arlo - Nieuws

Appointment of Duncan Mann as Chief Technology Officer

Luikerweg, Netherlands - July 03, 2006

Arlo Systems, a european market leader in the provision of innovative Process automation, is pleased to announce the appointment of Duncan Mann to the Management Board of the Group as Chief Technology Officer.

Mr Mann has agreed to enter into a service contract with Arlo on completion of the acquisition of SDS-Auto. The service contract will be terminable by either party on 6 months written notice. Mr Mann will be entitled to an annual salary of 240,000 euros which shall be reviewed annually and he may, at the discretion of the Board, be entitled to participate in any bonus scheme applicable to employees of Mr Mann's status as Arlo or Vanberger may operate from time to time.

Mr Mann will also be entitled to the normal benefits provided by Arlo from time to time to employees of similar status, including a company car or car allowance, and may participate in the life assurance, medical expenses and medical health schemes operated by Arlo/Vanberger. Mr Mann may join the Arlo contributory pension scheme and Arlo will contribute an amount of no less than 10 per cent. of his salary to such scheme on his behalf. Mr Mann will also be eligible to participate in the Vanberger member bonus plan subject to applicable performance conditions.

Daniel Taal will remain on the Management Board focussing on the Groups application activities and in particular on opportunities in the quick service packaging market following the recent acquisition of patents from Komatshu Inc.

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