Data I/O Announces Rajeev Gulati as Chief Technology Officer

REDMOND, WA -- (Marketwired) -- Jul 30, 2013 -- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced programming and IP management solutions for flash, flash-memory based intelligent devices and microcontrollers, today announced Rajeev Gulati as Vice President and Chief Technology Officer.

Rajeev was most recently Director of Software Engineering at AMD responsible for tools and compiler strategy and execution. He has an extensive background in software, systems and applying technology to develop new markets from his work at AMD, Freescale, Metrowerks (Motorola), Apple Computer, and IBM. Rajeev has also held leadership positions in R&D, Strategy and General Management. Rajeev holds a Master of Science in Electrical & Computer Engineering from the University of Texas, Austin and a BE in Electrical Engineering, Delhi College of Engineering, New Delhi.

"We are excited to have Rajeev join Data I/O as Vice President and Chief Technical Officer," stated Anthony Ambrose, President and CEO. "He brings deep expertise in Software, Semiconductor and Systems technology and experience with markets, industries and technology critical to Data I/O's current and future product development."

"I am thrilled to be joining Data I/O, the leader in device programming, as CTO," said Rajeev Gulati. "I look forward to leveraging the tremendous intellectual property foundations to drive an aggressive product roadmap for customers worldwide."

About Data I/O Corporation
Celebrating 40 years of expertise in delivering intellectual property to programmable devices, Data I/O offers complete, integrated manufacturing solutions in wireless, automotive, programming center, semiconductor, and industrial control market segments for OEM, ODM, EMS and semiconductor companies. Data I/O is the leader in programming and provides hardware and software solutions for turn-key programming and device testing services, as well as in-system (on-board), in-line (right before use at the SMT line), or in-socket (off-line) programming. These solutions are scalable for small, medium and large volume applications with different device mixes. Data I/O Corporation has headquarters in Redmond, Wash., with sales and services worldwide. For further information, visit the company's website at http://www.dataio.com.

NASDAQ Required Equity Disclosure
Pursuant to NASDAQ rules, the initial equity compensation for Rajeev Gulati was approved by the independent directors and was classified as an employment inducement grant on July 26, 2013 consisting of 100,000 non-qualified stock options vesting quarterly over 4 years with a 6 year life and an option price of $2.09 per share.

Contact:
Joel Hatlen
Vice President and Chief Financial Officer

Email Contact

Data I/O Corporation
6464 185th Ave. NE, Suite 101
Redmond, WA 98052
(425) 881-6444 





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