Charlie Glavin, 25-Year Global Veteran of Semiconductor Industry, Joins ViXS
TORONTO, Aug. 29, 2013 /CNW/ - ViXS Systems Inc., (TSX: VXS), a leader in semiconductor System on Chip (SoC) solutions for the advanced consumer electronics multimedia and broadcasting market, is pleased to announce that Charlie Glavin has been appointed Chief Financial Officer.
Mr. Glavin is a seasoned executive with over 25 years of progressive experience working with both public and private companies, focused on the semiconductor, renewable, and communications markets. Mr. Glavin was most recently CFO for Phoenix Energy and Partner at MP2 Capital. As Chief Strategy Officer for Spreadtrum Communications in Shanghai, Mr. Glavin led its successful IPO and M&A efforts, he was then retained by the venture capital firm, New Enterprise Associates, as an Executive-in-Residence to consult on its Technology and Energy portfolios. Previously, Mr. Glavin was an award-winning, senior global semiconductor analyst for Credit Suisse, Needham, and ThinkEquity Partners. He also worked as a Senior Engineer at Intel Corporation and began his career with Fidelity Investments. Mr. Glavin has served as an independent Director or Advisor for a variety of technology companies, including: Mirics (UK), Dust Networks (sold to Linear Technologies), Luminary Micro (sold to Texas Instruments), Solar Junction, FastCAP Systems, and Convergence Wireless. Mr. Glavin is a CFA Charterholder, earned his M.B.A from Northwestern University (Kellogg) and Economics degree from Bucknell University.
"Charlie brings a unique blend of financial and business acumen in the technology sector and I'm thrilled he's joining our team," commented Sally Daub, president and CEO of ViXS. "As a successful Silicon Valley veteran with worldwide expertise and a strong strategic skill set, Charlie possesses an ideal combination for us, and we look forward to his contributions as we continue to grow the company."
Commenting on his appointment, Mr. Glavin said, "This is an exciting time for me to be joining ViXS. The team has done an amazing job of executing through recent industry challenges to emerge as the technology leader in our field and is now well positioned to address several high-growth markets. I am energized by the opportunities ahead of us, and look forward to working with the team to build on the company's success."
About ViXS Systems Inc.
ViXS is the semiconductor pioneer in designing and developing high-performance media solutions for the consumer electronics and video service provider industries. With 422 patents issued and pending worldwide, ViXS has been recognized with a number of industry awards for innovation. ViXS is the world leader in transcoder SoC deployments with over 27 million shipments to date, and still growing.
ViXS has a comprehensive portfolio of products to meet the diverse needs of the global media industry. Portfolio highlights include the most advanced dense transcoder available for cloud-based solutions, as well as SoC's for home devices capable of doing the most simultaneous number of HD streams in the industry. Moreover, ViXS is the only company to have integrated transcoding and Multimedia over Coax Alliance (MoCA) technologies to create the lowest-cost media gateway capable of delivering premium content to consumer IP devices, such as the iPad, inside and outside of the home.
ViXS is headquartered in Toronto, Canada with global operations and offices in Europe, Asia and North America. For more information on ViXS, visit our website: www.vixs.com.
Caution Regarding Forward-Looking Information
This press release may contain forward-looking statements with respect to ViXS, its products and operations and the contemplated financing. These statements generally can be identified by use of forward looking words such as but are not limited to "may", "will", "expect", "estimate", "anticipate", intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of ViXS discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulations and the factors described under "Risk Factors" in the public filings of ViXS which are available at www.sedar.com. The cautionary statements qualify all forward-looking statements attributable to ViXS and persons acting on their behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and ViXS has no obligation to update such statements.
SOURCE: ViXS Systems Inc.
Craig Armitage
TMX Equicom
[email protected]
T: 416-815-0700 ext. 278
Rob Kelly
TMX Equicom
[email protected]
T: 416-815-0700 ex. 253
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