TORONTO, ON--(Marketwired - July 24, 2014) - ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, is pleased to announce that semiconductor veteran Michael Economy has joined as Vice President, Strategic Accounts, with a primary focus on pay television service providers. Mr. Economy joins ViXS after spending the last 16 years holding global executive sales roles at Kovio, Entropic Communications and Trident Microsystems. While head of Worldwide Sales at Entropic, Mr. Economy grew revenue from $40K as a private company to nearly $150M as a public company within 4 years. Mr. Economy has driven the revenue growth of new technologies such as RFID and NFC (near-field communications), MoCA Home Networking, RF Tuners, and distributed multimedia applications.
Mr. Economy's diverse customer experience includes chipset deployments with Verizon FiOS, DirecTV, Comcast, Time Warner Cable, Dish Networks, Cox Communications, Motorola (Arris), Scientific-Atlanta (Cisco), Pace, Samsung, Panasonic, along with NFC payment initiatives with Amazon, Google, and PayPal. Earlier in his career, Mr. Economy was involved with the launch and growth of the Rocketchip class of non-volatile memory ICs, and secured a key design win at IBM's Token Ring division. Mr. Economy earned his Bachelor of Science in Electrical Engineering from the University of California.
"Mike brings to ViXS a wealth of industry experience, a broad rolodex, and a stellar track record of positive financial results," said Perry Chappell, Senior VP of Sales, VIXS. "ViXS has established a significant leadership position in media processing silicon solutions, and we look forward to Mike helping us leverage that position into sustained, profitable revenue growth."
About ViXS Systems Inc.
ViXS is the pioneer and market leader in designing revolutionary media processing semiconductor solutions for the broadcasting and consumer electronics industries, with over 461 patents issued and pending worldwide, numerous industry awards for innovation, and over 30 million media processor shipments 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 10 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.
Caution Regarding Forward-Looking Information
This press release may contain forward-looking statements with respect to ViXS, its products and operations and the contemplated financing. These statements generally can be identified by use of forward looking words such as but are not limited to "may", "will", "expect", "estimate", "anticipate", intends", "believe" or "continue" or the negative thereof or similar variations. The actual results and performance of ViXS discussed herein could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulations and the factors described under "Risk Factors" in the public filings of ViXS which are available at www.sedar.com. The cautionary statements qualify all forward-looking statements attributable to ViXS and persons acting on their behalf. Unless otherwise stated, all forward-looking statements speak only as of the date of this press release and ViXS has no obligation to update such statements.