The new position of Vice President and Chief Technology Officer will be filled by Peter Gillingham, formerly Vice President and General Manager, Intellectual Property Division. Peter will advise on technology trends, provide leadership on technology development strategies, conduct technology assessments of partnerships and potential acquisitions, and represent MOSAID at industry forums.
MOSAID has also appointed Michael Kaskowitz to the new position of Senior Vice President, Semiconductor IP. Michael has 25 years of technology and management experience in the embedded processing, IP, and electronic design automation (EDA) industries. Prior to joining MOSAID, he was President of the VSI Alliance, the leading Semiconductor IP standards body, and General Manger of Mentor Graphics' IP and embedded software divisions. Michael also served as Vice President of Engineering at Sensory, Inc. and Cadence Design Systems, Inc.
"In creating these two new senior roles, we are building the management strength needed to keep the company at the forefront of technology and business development in the IP industry," said George Cwynar, President and Chief Executive Officer, MOSAID.
"In his 17 year career at MOSAID, Peter Gillingham has made very significant contributions to our Semiconductor IP business and our patent licensing program. He is an internationally recognized engineer and inventor with important patents to his credit, and we look forward to the leadership he will provide as the first Chief Technology Office in MOSAID's 31-year history," said Cwynar. "Michael Kaskowitz is a seasoned professional with executive-level engineering, business development and management experience who knows all aspects of the Semiconductor IP industry. He has extensive experience in building intellectual property businesses and his skills in this area will greatly benefit MOSAID."
MOSAID Technologies Incorporated makes semiconductors better through the development and licensing of intellectual property and the supply of memory test and analysis systems. MOSAID counts many of the world's largest semiconductor companies among its customers. Founded in 1975, MOSAID is based in Ottawa, Ontario, with offices in Santa Clara, California, Newcastle upon Tyne, U.K, and Tokyo, Japan. For more information, visit www.mosaid.com.
Forward Looking Information
This document and certain other public documents incorporated by reference in this document contain forward-looking statements to the extent they relate to MOSAID or its management, including those identified by the expressions "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "will", "would" and similar expressions. These forward-looking statements are not historical facts, but rather reflect MOSAID's current expectations regarding future events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results, performance or achievements to differ materially from current expectations. Assumptions made in preparing forward-looking statements and financial guidance include, but are not limited to, the following: MOSAID's continued expansion of its patent portfolio and of its opportunities for future patent licensing revenue as a result of MOSAID's acquisition of patents and development of new inventions; DRAM manufacturers continuing to infringe MOSAID's patents; the timing and amount of MOSAID's litigation expenses; and MOSAID's ability to sign new licensees.
Factors that could cause actual results to differ materially from expected results include, but are not limited to, the following: declines or unexpected variations in market growth rates for MOSAID's products; the extent of embedded DRAM proliferation in the System-on-a-Chip markets; variability in customer deployment schedules from quarter to quarter; shifts in the mix of products sold; MOSAID's ability to negotiate settlements with licensees; unfavourable legal rulings in MOSAID's patent litigations; Foreign currency fluctuations; non-payment by customers/licensees; failure to obtain valuable patents as a result of research and development activities, or to acquire valuable patents; loss of key employees; change in MOSAID's financial position; obsolescence of products or inappropriate targeting to markets that fail to materialize; inability to transition to new technologies to meet customer demand; variations in average sales cycles; key component supply restrictions and/or cost increases; and critical industry transitions.
MOSAID assumes no obligation to update or revise any forward-looking statements. Additional information identifying risks and uncertainties affecting MOSAID's business and other factors that could cause MOSAID's financial results to fluctuate are contained in MOSAID's Annual Information Form, under the section entitled "Risk Factors", and in MOSAID's other public filings available online at www.sedar.com.