Neterion, Inc.

Neterion, Inc.

November 14, 2005 08:00 ET

Industry Veteran Joins Neterion's Board of Directors as Head of Audit Committee; Corporate Financing Expert R. Douglas Norby's Extensive Experience To Guide Neterion through Next Stage of Growth

CUPERTINO, Calif.--(CCNMatthews - Nov 14, 2005) -

Neterion, the industry leader in the emerging 10 Gigabit Ethernet adapter market for server and storage environments, announced that it has appointed R. Douglas Norby as the company's first outside Director. Mr. Norby is an expert in providing guidance to emerging technology companies in the areas of financial management, alliance activities, funding and determining appropriate exit strategies. He currently sits on the boards of LSI Logic, Alexion Pharmaceuticals, Jazz Semiconductor and STATS ChipPAC, Inc.

"We're extremely pleased to have an individual with such outstanding financial experience join our Board of Directors," said Dave Zabrowski, President & CEO of Neterion. "Douglas has been CFO of more than half a dozen leading high technology companies and as head of our audit committee, he will provide invaluable insight and support as Neterion expands its product line, addressed markets and channel program."

Mr. Norby currently serves as Senior VP and CFO of Tessera Technologies in San Jose. Prior to that, his background included CFO positions at LSI Logic, Mentor Graphics, Novalux, Syntex Corporation, Zambeel and Itel. He was a consultant at McKinsey & Company, as well as VP of Finance at Fairchild Camera and First Chicago Corporation. Mr. Norby was also President and COO of Lucasfilm, one of California's leading entertainment studios.

"Neterion appealed to me for a number of reasons including the incredible customer traction they have gained in such a short time in very competitive markets," noted R. Douglas Norby. "They have also earned the confidence and support of leading investment firms. I'm looking forward to chairing Neterion's audit committee with the goal of establishing Neterion as the established leader in its addressed markets."

Mr. Norby was awarded his MBA from the Harvard Graduate School of Business Administration and graduated with distinction, Baker Scholar. He received his BA from Harvard University in Economics and graduated Magna cum laude, Phi Beta Kappa.

About Neterion, Inc.

Founded in 2001, Neterion Inc. has locations in Cupertino, California and Ottawa, Canada. Neterion delivers 10 Gigabit Ethernet hardware & software solutions that solve customers' high-end networking problems. The Xframe® line of products is based on Neterion-developed technologies that deliver new levels of performance, availability and reliability in the datacenter. Xframe, Xframe II and Xframe E include full IPv4 and IPv6 support, and comprehensive stateless offloads that preserve the integrity of current TCP/IP implementations without "breaking the stack." Xframe drivers are available for all major Operating Systems, including Microsoft Windows, Linux, Hewlett-Packard's HP-UX, IBM's AIX, Sun's Solaris and SGI's Irix. Neterion has raised over $42M in funding with its latest C round taking place in June 2004. Formerly known as S2io, the company changed its name to Neterion in January 2005.

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