Dr. Santanu Das, Founder and CEO, to Step Down From the Company After Twenty
Years of Dedicated Service
SHELTON, Conn.--(Business Wire)--
TranSwitch Corporation (NASDAQ: TXCC), a leading provider of semiconductor
solutions for the converging voice, data and video network, today announced that
Dr. M. Ali Khatibzadeh has been appointed as the Company`s President and Chief
Executive Officer, succeeding Dr. Santanu Das. Dr. Khatibzadeh`s appointment
will become effective on December 1, 2009. Dr. Das, who is a founder of the
Company and has been the CEO since its inception, has decided to resign after
twenty years of dedicated service.
Dr. Khatibzadeh, who is 49 years old, was most recently an executive at
Anadigics, Inc. (NASDAQ: ANAD) and has more than 22 years of experience in the
communications semiconductor industry. At Anadigics, he was Sr. Vice President
and General Manager responsible for Wireless and RF Products business units
addressing Cellular, WiFi, WiMAX, CATV and Infrastructure markets.
"Ali is a brilliant technologist with proven operating experience and I am
confident that he will be able to build upon the foundation we have created and
will take the Company to new heights," commented Dr. Das.
"We are very pleased that Dr. Ali Khatibzadeh will be joining the Company as
President and Chief Executive Officer of TranSwitch Corporation. Ali has an
outstanding record of delivering results and has the executive management and
leadership skills needed to drive the Company`s growth initiatives," said Gerald
F. Montry, Chairman of TranSwitch.
"On behalf of the Board of Directors, I would like to acknowledge the
contributions made by Dr. Santanu Das. Santanu is one of the founders of the
Company and has led TranSwitch since its inception in 1989. He is a consummate
professional who dedicated himself to positioning TranSwitch as an industry
leader. We thank him for his service to the Company and wish him well in his
future endeavors," concluded Mr. Montry.
"It has been an honor to have led TranSwitch for the past twenty years and I
would like to thank the Board of Directors for giving me the opportunity. Above
all, I thank all the employees who have worked at TranSwitch during this period
for supporting me, and for their dedication and commitment to the Company.
TranSwitch is truly a global leader in the communications semiconductor industry
and, in the last year, we have been able to remake TranSwitch into a more
efficient, growing and profitable company," concluded Dr. Das.
"I am very excited to join the TranSwitch team and I thank the Board of
Directors for its confidence in me. I believe TranSwitch is very well positioned
to capitalize on the broadband connectivity mega-trend that is driving telecom
infrastructure and consumer spending in the coming years. TranSwitch has an
impressive portfolio of Access and Customer Premises Equipment (CPE) solutions
for the growing broadband wire-line and wireless communications markets. I look
forward to working with the Board, the management team and all the employees to
continue to build on the foundation that Dr. Das and the management team has
created and propel TranSwitch forward," said Dr. Khatibzadeh.
Dr. Khatibzadeh has over twenty-two years of engineering and general management
experience in the communications semiconductor industry. Prior to his
appointment at TranSwitch, he was Senior Vice President and General Manager of
the Wireless Business Unit and most recently RF Product Business Unit of
Anadigics. In this role he successfully grew Anadigics market share in 3G
cellular space and expanded its worldwide customer base. Prior to Anadigics, Dr.
Khatibzadeh was Director of Technology for Ericsson in its American Business
Unit and Worldwide RF IC Design manager at Texas Instruments Wireless
Communications Business Unit.
Dr. Khatibzadeh holds a Ph.D., M.S., and a B.S. in Electrical Engineering as
well as a B.S. in Physics from North Carolina State University.
About TranSwitch Corporation
TranSwitch Corporation (Nasdaq: TXCC) designs, develops and markets innovative
semiconductors and technologies that provide core functionality and complete
solutions for voice, data and video communications network equipment. As a
leading supplier to telecom, datacom, cable television and wireless markets,
TranSwitch customers include the major OEMs that serve the worldwide public
network, the Internet, and corporate Wide Area Networks (WANs). TranSwitch
devices are inherently flexible, many incorporating embedded programmable
microcontrollers to rapidly meet customers` new requirements or evolving network
standards by modifying a function via software instruction. TranSwitch
implements global communications standards in its VLSI solutions and is
committed to providing high-quality products and services. TranSwitch, Shelton,
CT, is an ISO 9001:2000 registered company. For more information, visit
www.transwitch.com.
Forward-looking statements in this release, including statements regarding
management's expectations for future financial results and the markets for
TranSwitch's products, are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Investors are cautioned that
these forward-looking statements regarding TranSwitch, its operations and its
financial results involve risks and uncertainties, including without limitation
risks associated with acquiring new businesses; of downturns in economic
conditions generally and in the telecommunications and data communications
markets and the semiconductor industry specifically; risks in product
development and market acceptance of and demand for TranSwitch's products and
products developed by TranSwitch's customers; risks relating to TranSwitch's
indebtedness; risks of failing to attract and retain key managerial and
technical personnel; risks associated with foreign sales and high customer
concentration; risks associated with competition and competitive pricing
pressures; risks associated with investing in new businesses; risks of
dependence on third-party VLSI fabrication facilities; risks related to
intellectual property rights and litigation; risks in technology development and
commercialization; and other risks detailed in TranSwitch's filings with the
Securities and Exchange Commission.
TranSwitch is a registered trademark of TranSwitch Corporation.
TranSwitch Corporation
Robert A. Bosi, 203-929-8810 ext. 2465
Vice President and Chief Financial Officer
Robert.Bosi@transwitch.com
Copyright Business Wire 2009
