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SOLID STATE LOGIC PURCHASED BY PETER GABRIEL AND DAVID ENGELKE

June 17, 2005
SOLID STATE LOGIC PURCHASED BY PETER GABRIEL AND DAVID ENGELKE OXFORD, UK - The assets of console maker Solid State Logic (www.solid-state-logic.com) have been acquired by a joint venture established by musician/technologist Peter Gabriel and broadcast industry entrepreneur David Engelke. The company, which will trade as Solid State Logic, will continue to design and manufacture mixing consoles and related audio technology at its Begbroke, Oxford headquarters.

While Gabriel's background as an artist is well known, he's had a long involvement with technology. Syco Systems, which he co-founded, developed the Tablet, one of the world's first purpose-built digital audio workstations. Real World Multi Media, part of Peter's Real World Group, won awards for both technological and creative innovation. More recently, he's had success with OD2 (On Demand Distribution), a leading European platform provider for the distribution of online music.

American David Engelke, who's also an SSL console owner, has been involved with several production and broadcast companies, including Pinnacle Systems, Montage Group, and Digital Editing Services. He's also invented several widely-adopted technologies that have been used in the broadcast industry. Technologies developed by him and his engineering teams have earned them three Emmy Awards from the US National Academy of Television Arts and Sciences and an Oscar from the Academy of Motion Picture Arts and Sciences.

Engelke currently heads up Broadcast Devices LLC, and spoke about his enthusiasm for SSL. "The Solid State Logic brand stands for excellence like no other pro audio company in the world. We are investing to strengthen the company and bring these brand values to a broader market through continued innovative product development."

Gabriel adds: "I have been a long time fan of SSL. We're very excited about the opportunity of working with the company and to have a chance to participate in its future and its product development. Real World has enjoyed a close relationship with the company for many years."

Gabriel and Engelke have recruited an experienced management team for the joint venture. Antony David, SSL's sales director in the 80's and early 90's, then head of pro audio at Sony Broadcast & Professional Europe, will serve as managing director. Piers Plaskitt, previously president of SSL and president/sales & marketing at Euphonix, will serve as group commercial director. Chris Smith serves as the company's group finance director.