TXP Names COO

RICHARDSON, Texas -- TXP Corporation (OTCBB: TXPO), an Original Design Manufacturer (ODM) for the telecommunications industry, today announced the appointment of Greg Lowe to the position of Chief Operating Officer.

Greg Lowe, age 46, brings an extensive technical background, management skills and strong financial acumen to his new role as Chief Operating Officer of TXP. Trained as an engineer, Mr. Lowe has spent 20 years in the telecommunications industry and has achieved a number of notable accomplishments, including being awarded seven patents, being a 1998 winner of the ADC Telecom CM Denny Scholarship award, and conceiving an award-winning telecommunications product to accelerate the migration of networks to support broadband services.

Most recently, Mr. Lowe helped TXP Corporation define, build and launch the infrastructure to support high volume production of TXP’s private branded Optical Network Terminal (ONT) product line. Prior to TXP, he served as Chief Operating Officer for White Rock Networks, a telecommunications company that provided fiber optic telecom systems designed for low cost delivery of Ethernet and legacy services. While at White Rock Networks, he managed the U.S and China operations and assisted in mergers and acquisitions. Previously, Mr. Lowe spent four years at ADC Telecom as Vice President of Engineering, where he was responsible for leading engineering and testing for product lines generating over $150 million with telecommunications customers such as US West, Ameritech, Bell South and GTE, among others. Earlier in his career, Mr. Lowe served as Director of Engineering for TransSwitch Corp., a developer and marketer of large scale integrated devices where he led a team of engineers that designed and developed a wide range of digital and analog boards. Mr. Lowe also held senior engineering roles at Acterna, the world’s largest provider of communications test solutions for telecom and cable network operators. Mr. Lowe’s credentials include an MBA from Northwestern University’s Kellogg School of Management, a Bachelor of Science in Electrical Engineering degree from the University of Colorado at Denver and a Lean Manufacturing and Design for Six Sigma Certificate.

Michael C. Shores, President and Chief Executive Officer of TXP, commented, “Greg has continually demonstrated both his leadership skills and talents while consulting for TXP. Additionally, he brings very strong relationships within the telecommunications market, which will be instrumental as we advance the development and deployment of our industry leading Optical Network Terminals. With his strong technical and operational background, we are very pleased to have him on board as a key member of the senior management team. TXP is ideally positioned to benefit from the accelerating role-out of new fiber to the home services, and we are confident that Greg will be a valuable addition to our team in helping us achieve our goal of becoming a recognized leader in the industry.”

TXP Corp. (Nasdaq: TXPO)