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Chris Hamilton Joins Proxy Aviation Systems as Executive Vice President and Chief Financial Officer

Hamilton brings more than 20 years of defense and communications experience

Germantown, Md. -- June 26, 2006 -- Proxy Aviation Systems, Inc., a company that develops fully-autonomous, optionally-piloted unmanned aircraft systems (UAS), announced that Chris Hamilton has joined the company as executive vice president and chief financial officer. In this position, Hamilton will work closely with Proxy Aviation’s CEO, Don Ryan, to guide the strategy and growth of the company. In addition to his operational responsibilities, Hamilton will also play a major role with the investment community as the company continues its growth.

With more than 20 years of experience within the defense and telecommunications industries, Hamilton comes to Proxy Aviation from Thales Communications where he was the senior vice president and chief financial officer. While at Thales, his leadership was key to the company’s achievement of exceptional profitability and growth, including management of the firm’s involvement on the JTRS Cluster 5 tactical communications program. Previously, Hamilton was the CFO for Telecommunications Techniques Corporation (now a division of JDSU). Prior to that, Hamilton held executive-level positions with various other technology companies.

Commenting on his move to Proxy Aviation, Hamilton said, “I am excited to be joining such an impressive team. The company has created an innovative concept based on cutting-edge technology that I believe represents the next generation of capabilities for unmanned missions. I am looking forward to being a part of this growing and successful company.”

Don Ryan, Proxy Aviation’s CEO, said, “We are excited to have Chris join our team at Proxy Aviation. With such an impressive background and a proven track record within the defense industry, he is a vital addition to our company.”

Hamilton holds a Bachelor of Science degree in computer science from Purdue University and an MBA from the Wharton School of the University of Pennsylvania.

About Proxy Aviation Systems

Proxy Aviation Systems designs and manufactures fully autonomous, optionally piloted unmanned aircraft systems (UAS) for use in intelligence, surveillance, reconnaissance and other special missions. Proxy Aviation’s system addresses the long endurance, medium altitude, multi-payload requirements set forth by the U.S. military and the Department of Homeland Security. Founded in 2003 as a Delaware corporation, Proxy Aviation is headquartered in Germantown, Maryland. For more information, visit www.proxyaviation.com. 

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