NBS Appoints Ramesh Ajitaprasad General Manager, UbiQ Software

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NBS Technologies announces appointment of Ramesh Ajitaprasad to General Manager, UbiQ Software business unit

NBS Technologies Inc., a leading provider of hardware and software solutions for card personalization, secure ID, EMV(R) compliance/migration, smart card and semiconductor equipment solutions for financial institutions, governments, and corporations worldwide, today announced the appointment of Ramesh Ajitaprasad as General Manager, UbiQ Software business unit. In his new role, Mr. Ajitaprasad will be responsible for providing leadership, growth and innovative development of NBS’ software business unit, UbiQ Software.

Mr. Ajitaprasad first joined NBS in 2007 as Product Manager and continued to enjoy increasing levels of strategic responsibilities with this most recent position as Director, UbiQ Software. Mr. Ajitaprasad brings with him strong management experience within the high tech software solutions field.

Prior to joining NBS, Ramesh successfully served various expatriate assignments in Europe, Asian and Latin America during his tenure with both multinational and small start-up companies.

“We are very pleased that Ramesh is assuming this strategic role within the UbiQ Software group. We feel that he has the necessary management experience and technical abilities needed to deliver excellent value-add products and services to our customer base” said NBS President and CEO, Bryan Hills.

Ramesh holds an Electrical Engineering degree from Bangalore University, India and an MBA from the University of St. Thomas, Minnesota with a focus on General Management and International Marketing.

Mr. Ajitaprasad assumes his new role immediately, and will continue to operate out of our Minneapolis, Minnesota office.

About NBS Technologies Inc.
For over 30 years, NBS Technologies remains a leading provider of equipment for card personalization, EMV compliance/migration, smart card and semiconductor manufacturing, secure ID, and payment solutions for financial institutions, governments, and corporations worldwide. The company manufactures specialized and complementary product lines within its Smart Solutions, and Payment Solutions divisions. NBS Technologies' head office is located in Canada with locations in USA, France and the UK, along with a worldwide dealer network. For more information, visit http://www.nbstech.com.

NBS Technologies is a wholly-owned subsidiary of Brookfield Asset Management (http://www.brookfield.com), a specialist asset manager. Focused on property, power and infrastructure assets, Brookfield has over US$90 billion of assets under management and is co-listed on the New York and Toronto Stock exchanges.

NBS and the NBS logo are registered trademarks of NBS Technologies Inc. in Canada and the US and trademarks in other countries. Advantage and ImageMaster are trademarks of NBS Technologies Inc. Horizon is a registered trademark of NBS Technologies (US) Inc. in Canada and the US and a trademark in other countries.

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Cori Endrody, Marketing Manager
NBS Technologies Inc.
416-621-1911 ext. 357
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Ramesh Ajitaprasad, GM, UbiQ Software
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