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.
