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GEO Semi Announces New Board Member and Appointment of Three Executives
With a strong board and strengthened senior management team, GEO enters next phase of growth
Santa Clara, CA - April 29 2013 - GEO Semiconductor Inc. ("GEO"), the industry leader in high performance, programmable geometric processing, compression and video processing solutions, today announced that David Orton, formerly CEO of ATI Technologies and Aptina, has joined the GEO board of directors. In addition to serving on GEO's board, Mr. Orton will chair a newly formed Strategic Committee to help shape GEO's business strategy and evaluate additional ways to leverage its intellectual property assets.
�GEO also announced three senior executive appointments. Eric Erdman has been appointed Chief Financial Officer, Brian Gannon has been appointed Vice President of Marketing and Business Development, and Sudhir Chandratreya Vice President of Engineering. Mr. Erdman most recently served as CFO at ViXS Systems Inc., a leading provider of network media processing solutions, and previously served as CFO and interim CEO at Genesis Microchip as well as CFO at Silicon Optix Messrs. Gannon and Chandratreya joined GEO through its acquisition of Maxim Integrated's Digital Video business, where they served as General Manager and Executive Director of Engineering, respectively.
�GEO's Chairman and CEO, Paul Russo, commented, "We are delighted to add these seasoned executives to our management team and are pleased to welcome Dave to our board. Dave is a semiconductor veteran that truly understands the high growth automotive and cloud camera markets, which are key target markets for GEO. His vast experience from serving as CEO of Aptina, a world-class CMOS image sensor manufacturer, and ATI will be invaluable as we further mold GEO's strategy."
�"GEO is well-positioned in high-growth market segments and have the breadth of IP to deliver compelling solutions as well as win business at the top-tier customers. I look forward to working with Paul and the rest of this exceptional management team," said David Orton.
�About GEO Semiconductor
GEO, with over 100 patents and patent applications, is the industry leader in programmable, high performance geometric processor ICs featuring the highly acclaimed and patented eWarp geometric processor, H.264 CODECS, as well as video, audio and human interface technologies. GEO is focused on automotive cameras & HUDs, Cloud and Skype cameras, as well as smartphone peripherals, surveillance & video communication markets. GEO's highly patented eWarp platform technology features the lowest power and silicon cost for performing unlimited pixel transformations such as de-warping wide-angle, fisheye and 360 degree video streams and enabling automated digital camera and HUD calibration.� GEO's Emmy Award winning Realta platform technology, featuring real-time processing of video algorithms in software (trillions ops/sec) enables ICs that can perform Hollywood-proven video processing in software and in real time on a single device. GEO's leading H.264 CODEC and human interface ICs are already in volume production with over 40 customers worldwide, offering complete sophisticated software stacks for Cloud and Skype cameras. GEO's complete software stacks allow customers to reach production in as little as six months from design start. GEO is headquartered in Santa Clara, California with offices in Bangalore (India), Cambridge (UK), Toronto (Canada) and Orlando (Florida), and sales channels around the world. www.geosemi.com.
GEO Company Contact:������������������������������������������������� Investor Relations:
Paul Russo, Chairman & CEO����������������������������������������� Beverly Twing, Shelton Group Investor Relations
Tel: (408) 844-8800������������������������������������������������������� Tel: (972) 239-5119 x126
GEO Semiconductor and the cube logo are among the trademarks of GEO Semiconductor Inc. Any other trademarks or trade names mentioned are the property of their respective owners.
GEO Semiconductor Inc.
Santa Clara, CA
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