Founder Ed King to remain as Chairman of the Board and Fellow
Johnson is joining CPU Tech at a time when the company is moving into a high growth mode fueled by a substantial backlog of revenue from its service and modernization business. In addition, the company's newest product lines -- its SystemLab PS(TM) real-time simulation, validation, and visualization tools and Acalis(R) field programmable multi-core products -- are already being well received by customers in both the defense and commercial worlds. Johnson will be responsible for corporate strategy and day-to-day operations as the company aims to establish itself as a dominant force in these new market segments.
"The company's search focused on finding that unique individual with a shared passion for CPU Tech's vision, as well as the proven capability to build and run a market-leading organization," said Ed King, founder, Chairman of the Board and former CEO. "Clay stood out among an extensive pool of accomplished, top-tier candidates from the high tech industry. What most impressed us was Clay's strong desire to take on a large challenge -- one that, if met, would result in a monumental shift in the way things are currently done in our industry."
"There is a tremendously exciting and substantial base of ground-breaking technology here with the potential to fundamentally change the process of system development within many industries," said Clay Johnson. "I welcome the chance to help CPU Tech continue its strong market and capital growth while rising to the next level of industry leadership."
Ed King will remain active with the company as the Chairman of the Board and Corporate Fellow. Mr. King will lead an advanced engineering team to drive next generation hardware and software technology into the company and its products.
About CPU Technology, Inc.
CPU Tech leads the industry in large-scale electronic modeling and simulation. CPU Tech's compatible System-on-a-Chip (SoC) solutions include the company's real time, high fidelity platform simulator, SystemLab PS(TM), and the Acalis(R) family of Field Programmable MultiCore Chips (FPMCs). CPU Tech is a privately held company founded in 1989 with headquarters in Pleasanton, CA, and a regional office in Reston, VA. Visit http://www.cputech.com for additional information.
Acalis(R) is a registered trademark of CPU Technology, Inc. SystemLab PS(TM) is a trademark of CPU Technology, Inc.
Web site: http://www.cputech.com/