Simtek Corporation Appoints Philip Black to Board of Directors
COLORADO SPRINGS, Colo.--Simtek Corporation (NASDAQ:SMTK - News), the inventor, pioneer, and world's leading supplier of non-volatile static random access memory (nvSRAM) integrated circuits, today announced that Mr. Philip Black has been appointed to the Board of Directors of Simtek.
Mr. Black is a veteran of the storage and telecom industries with over 23 years of experience. He currently serves as the CEO of Nexsan, a developer and marketer of secure storage appliances and modular high-capacity disk storage systems. Prior to that, he was the CEO of LightSand Communications, a SAN extension company. Mr. Black was also the CEO of Box Hill/Dot Hill (NASDAQ:HILL - News), a RAID storage systems manufacturer that he took public in 1997, and was the founder and CEO of Tekelec (NASDAQ:TKLC - News), a telecom equipment provider that he took public in 1986. Mr. Black has extensive experience serving on public company boards, and is very well versed in the storage, SAN, and telecom service provider markets.
"Philip's successful experience in corporate management together with extensive public board experience advising management teams in high growth businesses, will add tremendous value as we execute on our growth strategy," said Harold Blomquist, President and CEO of Simtek. "Philip has a proven track record of success in the storage industry which represents our single largest served market. We are honored to have him on our Board and look forward to his contribution to our success."
About Simtek Corporation
Simtek Corporation designs and markets "NV + fast SRAM" nonvolatile semiconductor memory products for use in a variety of systems including RAID servers, storage arrays, GPS navigational systems, industrial controllers, robotics, copiers, avionics, metering, consumer, UPS, and networking and broadcast equipment. Information on Simtek products can be obtained from its web site: www.simtek.com; email: information@simtek.com. The company is headquartered in Colorado Springs, Colorado.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements predicting Simtek's future growth. These forward-looking statements are inherently difficult to predict and involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, projections of future performance including predictions of future profitability and expectations of the business environment in which Simtek operates. For a detailed discussion of these and other risk factors, please refer to Simtek's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K and subsequent Form 10-Q and Form 8-K filings.
For further information, please contact:
Simtek Corp.
Brian Alleman, CFO
investorrelations@simtek.com
MKR Group, Inc.
Marie Dagresto or Todd Kehrli
323-468-2300
smtk@mkr-group.com