AUSTIN, Texas -- April 27, 2004 -- National Instruments today announced that Mihir Ravel, vice president of technology and corporate development is leaving the company this summer to pursue his interests in globalized development and education. "Mihir came to NI four years ago to make an impact on both our technology and culture with his significant technical experience and knowledge, and he's clearly done that," said James Truchard, chairman and CEO of National Instruments. "The recently introduced mixed-signal suite of modular instruments for rapid prototyping, design validation and test are some of our most successful new products. The new NI ELVIS educational platform for teaching science and engineering has been adopted by leading universities worldwide. These are just two examples of the impact Mihir has had at NI."Under Mihir's stewardship, NI initiated a number of technology and business initiatives that the company will leverage in coming years. Mihir drove the formation of strategic relationships with key technology partners, initiated deeper involvement in academic research and educational projects and fostered the creation of key mixed-signal and wireless technologies that are behind the company's most recent modular PXI/PCI products."It has been a privilege to work with many outstanding teams at NI. The combination of National Instruments vision for virtual instrumentation, its talented employees and a culture of innovation convinces me that NI will continue its long track record of success," said Ravel. "With the rapid changes we're seeing in the globalization of research and development, I'm excited about now working with emerging technology ventures and academic institutions on best practices for global R&D and engineering education." As part of his focus on the challenges of globalized innovation, Ravel will continue to work with NI as an adviser on academic and technology issues.About National InstrumentsNational Instruments (www.ni.com) is a technology pioneer and leader in virtual instrumentation -- a revolutionary concept that has changed the way engineers and scientists approach measurement and automation. Leveraging the PC and its related technologies, virtual instrumentation increases productivity and lowers costs through easy-to-integrate software, such as the NI LabVIEW graphical development environment, and modular hardware, such as PXI modules for data acquisition, instrument control and machine vision. Headquartered in Austin, Texas, NI has more than 3,100 employees and direct operations in 40 countries. In 2003, the company sold products to more than 25,000 companies in 90 countries. For the past five years, FORTUNE magazine named NI one of the 100 best companies to work for in America.Readers may obtain investment information from the company's investor relations department by calling (512) 683-5090, by sending e-mail to [email protected], or by visiting www.ni.com/nati.
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