SOURCE: ViXS Systems Inc.

ViXS Systems Inc.

February 17, 2015 09:53 ET

ViXS Expands Management Team With New General Counsel

TORONTO, ON--(Marketwired - February 17, 2015) - ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, is pleased to announce that Michael Michalyshyn has joined the management team as General Counsel.

Mr. Michalyshyn is a seasoned attorney with extensive in-house experience at QNX Software Systems and BlackBerry Limited. He was part of QNX's senior management team as General Counsel and Vice President of Human Resources. Mr. Michalyshyn was centrally involved in BlackBerry's acquisition of QNX. He also served as the head of BlackBerry's Technology Licensing group. Prior to QNX Mr. Michalyshyn was a partner at Gowlings, focusing on technology licensing and patent prosecution. He also participated in a number of commercial transactions as the lead of Gowlings' Intellectual Property team, and headed up the Gowlings' Information Technology practice group.

Mr. Michalyshyn will be responsible for ViXS' legal affairs including all commercial contracts with partners and customers, corporate filings and compliance, and overseeing ViXS' extensive and growing patent portfolio assets.

"We are delighted that Michael has joined the ViXS management team. His broad professional experience, expertise in the embedded marketplace, and desire to be part of ViXS' future success made him an ideal addition to our team," commented Hugh Chow, Interim President and CEO of ViXS. "We look forward to working with Michael as ViXS continues to grow and create value for our customers, partners and shareholders."

"This is an exciting time for me to join ViXS' management team. ViXS continues to be the leader in video processing, based on their innovation and extensive and growing patent portfolio. I look forward to working with the team and helping to build upon the momentum ViXS has created with its customers and partners," stated Michael Michalyshyn.

About ViXS Systems Inc.
ViXS is the pioneer and market leader in designing revolutionary media processing semiconductor solutions for video over IP streaming solutions, with over 503 patents issued and pending worldwide, numerous industry awards for innovation and over 30 million media processors 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 

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