Artel Systems Becomes Employee-Owned

Artel Video Systems is now employee owned through the creation of its Systems Corporation Employee Ownership Trust.

The Trust has been formed as an Employee Stock Ownership Plan (ESOP), with the company claiming it "strengthens Artel's ability to deliver on their charter and better meet the growing needs of its customers."
"Since I became president of Artel, it has been clear that the company's strength is its unique combination of talented, experienced, and dedicated employees," said Richard Dellacanonica, president and CEO. "Also, it is well documented that broad-based employee ownership enhances a company's financial performance while dramatically improving all of its customer satisfaction metrics.
"Delivering the world's most reliable, simple to install and support media transport equipment has been our charter for more than 30 years and we have been successful at it because of our employees. Through this employee ownership program, we are further enhancing the culture of customer-focused solutions, coupled with a dedication to service and quality that have been the hallmarks of Artel for decades.
"We also expect this to drive more active participation in all aspects of the business creating a true win-win, with both the employees and our customers reaping the benefits from the employee ownership of Artel."

www.artel.com

(IT/JP)