SOURCE: ViXS Systems Inc.

ViXS Systems Inc.

May 18, 2016 07:00 ET

ViXS Announces Former Bell Labs President as Board Nominee

Arun Netravali, Pioneer of HDTV Technology, to Stand for Election to Board of Directors

TORONTO, ON--(Marketwired - May 18, 2016) - ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, is pleased to announce that Arun Netravali has been nominated for election to the Board of Directors, subject to shareholder approval at the Company's Annual Special Meeting on June 9, 2016

Arun Netravali is regarded as a pioneer in the field of digital video technology including a pivotal role in the industry's transition from analog to digital and high definition television. Currently, Dr. Netravali is the managing partner of Omni Capital and was previously a director of various companies including Agere Systems, Level 3 Communications and LSI. Previously, Dr. Netravali was the President of Bell Laboratories, a division of Lucent Technologies, from 1999 to 2002, and was the Chief Technology Officer and Chief Network Architect at Lucent Technologies Inc. Dr. Netravali has authored more than 200 technical papers, co-authored three books, and holds 100 patents in the areas of computer networks and video technology. Dr. Netravali has won numerous awards, including the Padma Bhushan Award from the Indian President in 2001 (the nation's third highest civilian honor) and the U.S. National Medal of Technology in 2002 from President George Bush of the United States. Dr. Netravali was an adjunct professor at the Massachusetts Institute of Technology and has taught graduate courses at City College (N.Y.), Columbia University, and Rutgers University. He received his undergraduate degree from the Indian Institute of Technology, Mumbai, India, and master's and doctorate degrees from Rice University, all in electrical engineering. He holds an honorary doctorate from the École Polytechnique Fédérale in Lausanne, Switzerland.

"We are delighted to have attracted someone of Arun's caliber to stand for election to our Board of Directors," said Peter Currie, Chairman of ViXS Systems. "Arun brings with him a breadth of highly relevant experience and knowledge that will be instrumental in guiding ViXS Systems' growth in emerging markets, including Consumer, Cloud Video Delivery, Capture, and IP Video."

"I am impressed by the product differentiation, the quality of the management team and the tremendous opportunity ViXS has to secure a solid business position in a large and rapidly growing market," said Dr. Netravali. "I am looking forward to working with the ViXS Board and assisting the Company during its current transition to generate significant returns for its investors."

About ViXS Systems Inc.

ViXS is a pioneer and market leader in designing revolutionary media processing semiconductor solutions for video over IP streaming solutions, with over 511 patents issued and pending worldwide, numerous industry awards for innovation, and over 33 million media processor shipped to date. ViXS is driving the transition to Ultra HD 4K across the entire content value chain by providing professional and consumer grade chipsets that support the new High Efficiency Video Coding (HEVC) standard up to Main 12 Profile, reducing bandwidth consumption by 50% while providing the depth of color and image clarity needed to take advantage of higher-resolution content. ViXS' XCodePro 300 family is ideal for Ultra HD 4K infrastructure equipment, and the XCode 6000 family of system-on-chip (SoC) products achieve unprecedented levels of integration that enable manufacturers to create cost-effective consumer entertainment devices.

ViXS is headquartered in Toronto, Canada with offices in Europe, Asia and North America. VIXS™, the ViXS® logo, XCode®, XCodePro™, XConnex™ and Xtensiv™ are trademarks and/or registered trademarks of ViXS. Other trademarks are the property of their respective owners. For more information on ViXS, visit our website: www.vixs.com.

Forward-Looking Statements
Statements in this press release that are not historical facts constitute "forward-looking statements" within the meaning of applicable securities laws. Such statements include, but are not limited to, statements regarding ViXS' projected revenues, gross margins, earnings, growth rates, the impact of new product design wins, market penetration and product plans. The use of terms such as "may," "anticipated," "expected," "projected," "targeting," "estimate," "intend" and similar terms are intended to assist in identification of these forward-looking statements. Readers are cautioned not to place undue reliance upon any such forward-looking statements. Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause ViXS' actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements.

Contact Information

  • For further information, please contact:

    Charlie Glavin
    ViXS Systems Inc.
    T: +1-416 646-2000
    cglavin@vixs.com

    Investor Relations
    ViXS Systems Inc.
    T: +1-416 646-2000 ext. 3
    Ir@vixs.com