James M. Phillips
Encyclopedia
James M. Phillips is an American businessman who is Chairman and CEO of NanoMech Inc., a global, leading manufacturer of nano-coatings and nano-lubricants. Prior to that, Phillips served as founding Chairman and CEO of the Luminetx Corporation, a bioscience
technology company. He also serves as CEO of Snowflake Technologies Corporation, a subsidiary
of Luminetx.
Phillips’ career began when he was asked to do research for his master’s thesis on an emerging company, Telecommunications System of America (TSA). TSA sold to Northern Telecom (Nortel Networks) and Phillips stayed on, moving rapidly through the ranks to vice president. After Nortel, he was named president of National Satellite Paging, changed the company name to SkyTel, and created the nation’s largest messaging company.
Following SkyTel, Phillips moved to Telular Corporation, selling a portion to Motorola
when Telular went public
. He remained with Motorola and participated in launching digital cellular and multimedia, bringing the cable modem
to the market.
Phillips went on to become Chairman & CEO of Interactive Pictures Corp.(iPIX
), a company that created the first virtual tours by using 360° navigable images. Eventually, he left IPIX to help build the FedEx Institute of Technology
, becoming CEO and Chairman of the entity on the University of Memphis
campus.
In 2004, after two and a half years at the FedEx Institute, Phillips was installed as CEO-in-Residence of Morgan Keegan & Company
. While there, he was asked to evaluate a technology called VeinViewer. Impressed, Phillips quickly raised the capital
to put VeinViewer into production. That was the beginning of what is now Luminetix Corporation.
BioScience
BioScience is a peer-reviewed monthly sometimes daily scientific journal that is published by the American Institute of Biological Sciences . The content is written and edited for accessibility to researchers, educators, and students alike...
technology company. He also serves as CEO of Snowflake Technologies Corporation, a subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of Luminetx.
Phillips’ career began when he was asked to do research for his master’s thesis on an emerging company, Telecommunications System of America (TSA). TSA sold to Northern Telecom (Nortel Networks) and Phillips stayed on, moving rapidly through the ranks to vice president. After Nortel, he was named president of National Satellite Paging, changed the company name to SkyTel, and created the nation’s largest messaging company.
Following SkyTel, Phillips moved to Telular Corporation, selling a portion to Motorola
Motorola
Motorola, Inc. was an American multinational telecommunications company based in Schaumburg, Illinois, which was eventually divided into two independent public companies, Motorola Mobility and Motorola Solutions on January 4, 2011, after losing $4.3 billion from 2007 to 2009...
when Telular went public
Initial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
. He remained with Motorola and participated in launching digital cellular and multimedia, bringing the cable modem
Cable modem
A cable modem is a type of network bridge and modem that provides bi-directional data communication via radio frequency channels on a HFC and RFoG infrastructure. Cable modems are primarily used to deliver broadband Internet access in the form of cable Internet, taking advantage of the high...
to the market.
Phillips went on to become Chairman & CEO of Interactive Pictures Corp.(iPIX
IPIX
IPIX was an imaging technology company headquartered in Reston, Virginia. One of its products was visual technology allowing the stitching of panoramic images into 360°x 180° field of view video and photography. The company's stock was traded on NASDAQ .Their .ipx format was for a time a widely...
), a company that created the first virtual tours by using 360° navigable images. Eventually, he left IPIX to help build the FedEx Institute of Technology
FedEx Institute of Technology
The FedEx Institute of Technology is at the University of Memphis. Founded November 19, 2003, under the leadership of James M. Phillips the Institute was designed to bridge the gap between industry and academic research. The Institute is wholly a part of the University of Memphis operating within...
, becoming CEO and Chairman of the entity on the University of Memphis
University of Memphis
The University of Memphis is an American public research university located in the Normal Station neighborhood of Memphis, Tennessee and is the flagship public research university of the Tennessee Board of Regents system....
campus.
In 2004, after two and a half years at the FedEx Institute, Phillips was installed as CEO-in-Residence of Morgan Keegan & Company
Morgan Keegan & Company
Morgan Keegan & Company, Inc. is the investment banking, securities brokerage, trust, and asset management division of Regions Financial Corporation. The company was founded in 1969 in Memphis, Tennessee and has over 450 offices in 20 states, over 4,000 employees, and over $890 million in equity...
. While there, he was asked to evaluate a technology called VeinViewer. Impressed, Phillips quickly raised the capital
Capital (economics)
In economics, capital, capital goods, or real capital refers to already-produced durable goods used in production of goods or services. The capital goods are not significantly consumed, though they may depreciate in the production process...
to put VeinViewer into production. That was the beginning of what is now Luminetix Corporation.