TORONTO, ON--(Marketwired - September 04, 2014) - ViXS Systems Inc. (TSX: VXS), a pioneer and leader in media processing solutions, is pleased to announce that industry veteran and seasoned financial executive Tom Hearne has joined the Company's Board of Directors.
Currently, Tom Hearne is the Chief Financial Officer of theScore Inc., a publicly listed Canadian digital media company. Tom brings a wealth of experience as a business and operations oriented CFO in the public markets having completed four going public transactions on various exchanges including the TSX, AIM, and NASDAQ. Tom has been instrumental in ten merger and acquisition transactions with his most recent involvement in the sale of Score Television Network to Rogers Media. Tom's prior experience includes CFO roles at high growth technology companies including Redline Communications and OpenText Corporation. Tom is a Chartered Accountant and holds a MBA from the Schulich School of Business.
"We are pleased to expand the ViXS Board with the addition of Tom Hearne," said Peter Currie, Chairman of ViXS' Board of Directors. "Tom's 20 plus years of financial and operations management, knowledge and experience with high growth technology companies is an important asset for ViXS as it continues to grow rapidly and expand its strategic footprint".
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 467 patents issued and pending worldwide, numerous industry awards for innovation, and over 31 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
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.