SOURCE: Sigma Designs

Sigma Designs

September 16, 2015 09:00 ET

Sigma Designs Announces Updates to the Leadership Team

FREMONT, CA--(Marketwired - Sep 16, 2015) - Sigma Designs® (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for SmartTV, Internet of Things Devices for Smart home, IP-based set-top-boxes and Media Connectivity, today announced Mr. Bo Liu has joined Sigma as its new General Manager of APAC and Vice President of Applications Engineering. Mr. Liu will be responsible for directing all of Sigma's applications engineering and customer support operations for the APAC region, and will report to Mr. Thinh Tran, President and CEO of Sigma Designs, Inc.

"We are fortunate to add a leader of Bo's caliber to the Sigma team. He will be instrumental in ensuring that we bring customers to production in a timely manner and with complete satisfaction. Bo has a lengthy leadership background in the technology industry and I am confident that he will be an asset for Sigma and our customers," said Mr. Tran.

Mr. Liu has over 20 years of experience as an engineering executive in various capacities with a primary focus on software and applications. Most recently, Mr. Liu served as the Vice President of Engineering for ICUBE, managing the company's entire engineering team including ASIC design, software development, and applications engineering. Prior to this, Mr. Liu served as the Vice President of Software or Applications at a number of leading companies including C2 Microsystems, Magnum Semiconductor, Mediatek, and TVIA. During his career, Mr. Liu has managed global multi-national organizations with over 300 engineers and supported tier 1 customers including Samsung, LG, Sony, and Panasonic. Mr. Liu holds a BSEE from Hefei University in China, an MSEE degree from Wichita State in Kansas, and is a PhD candidate at the University of Wisconsin.

In addition, Sigma today announced that Mustafa Ozgen, formerly Vice President and General Manager of Sigma's Home Multimedia Business Unit, has resigned his position to become the new Chief Executive Officer of QD Vision, Inc.

"Mustafa was an integral part of the Sigma leadership team since his arrival in 2011, helping build and lead our SmartTV and set-top-box businesses. I want to thank Mustafa for his contributions to Sigma and wish him well as he embarks on his new career as a Chief Executive Officer," said Thinh Tran, President and CEO of Sigma Designs, Inc.

During the transition period, Mr. Tran will assume a leadership role for this business unit with certain responsibilities being shared by managers in both the SmartTV and set-top-box units.

About Sigma Designs, Inc.
Sigma Designs, Inc. (NASDAQ: SIGM) is a world leader in connected media platforms. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, DTV, connected media players, residential gateways, home control systems, and more. For more information about Sigma Designs, please visit www.sigmadesigns.com.

Sigma Designs, Secure Media Processor, and the Sigma Designs logo are either registered trademarks or trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including the expected impact of Bo Liu on Sigma and its customers. Actual results may vary materially due to a number of factors including, but not limited to, the risk that the integration of Bo Liu into Sigma does not proceed as planned, Sigma's ability to bring its customers to production and the impact that Bo Liu may have on this process is delayed due to unforeseen factors or factors outside of the control of Sigma, Sigma's ability to recognize revenue from design wins, general economic conditions, the rate of growth of Smart TVs, Internet of Things Devices, Set-top-Box and Media Connectivity, and other risks detailed from time to time in our SEC reports, including our report on Form 10-K as filed with the SEC on April 15, 2015 and available at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

About Sigma Designs, Inc.
Sigma Designs, Inc. (NASDAQ: SIGM) is a global integrated semiconductor solutions provider offering intelligent media platforms for use in the home entertainment and home control markets. The Company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, Smart TVs, Internet of Things Devices and Media Connectivity. For more information about Sigma Designs, please visit www.sigmadesigns.com.

Sigma Designs, Secure Media Processor, and the Sigma Designs logo are either registered trademarks or trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners.

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