SOURCE: Open-Silicon

June 22, 2005 09:00 ET

Robert Gargus Joins Open-Silicon Executive Team

Industry Veteran Appointed as CFO for New-Generation Fabless ASIC Company

SUNNYVALE, CA -- (MARKET WIRE) -- June 22, 2005 -- Open-Silicon, Inc., a fabless ASIC company that provides a predictable, reliable and cost-effective alternative to traditional chip design and supply-chain models, today announced that industry-veteran Robert Gargus has joined the company as Chief Financial Officer. Mr. Gargus brings a proven track record of success at the executive management level of several rapidly growing semiconductor companies.

"We are happy to welcome Mr. Gargus to our executive team," said Dr. Naveed Sherwani, President and CEO of Open-Silicon. "Bob's proven record of financial management in the semiconductor sector will be invaluable as our OpenMODEL of designing and manufacturing ASICs continues to lead our rapid growth."

"I believe Open-Silicon's business and their ability to deliver unprecedented choice in the ASIC design and supply chain gives customers maximum schedule predictability and chip reliability with minimum risk," said Mr. Gargus. "The Open-Silicon team is very progressive and has developed a viable, low-cost outsourcing alternative that is truly compelling."

Robert Gargus has demonstrated critical problem-solving skills and the ability to achieve exceptional bottom-line results at several high-technology companies. Most recently he was the CFO at Silicon Image, a semiconductor company specializing in high-speed serial communications technology selling into the Personal Computer, Storage and Consumer Electronics markets. Prior to that he was the President and CEO of Telcom Semiconductor, a semiconductor company specializing in thermal management, mixed-signal and power-management circuits aimed primarily at the cellular and personal computer markets. Additionally, he has held a number of executive positions at Tandem Computers. Mr. Gargus obtained his MBA in Finance and a BS in Accounting from the University of Detroit.

About Open-Silicon, Inc.

Open-Silicon, Inc. is a fabless ASIC company delivering the most cost-effective, predictable and reliable custom ASIC solution to electronics product customers worldwide. Open-Silicon's OpenMODEL™ is the semiconductor industry's first end-to-end custom ASIC solution based on a revolutionary business model that provides a seamless, low-cost, low-risk alternative to traditional models for complex ASIC design and development. For more information, visit Open-Silicon's website at www.open-silicon.com or call 408-523-1200.

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