Founder of China's Semiconductor Industry Joins RFaxis Board of Advisors

IRVINE, CA -- (MARKET WIRE) -- Jul 14, 2010 -- RFaxis, a fabless semiconductor company focusing on innovative, next-generation solutions for the wireless and connectivity markets, today announced that Professor Hongliang Hu, a distinguished executive, scholar and diplomat credited for growing China's semiconductor industry, will join RFaxis' Board of Advisors.

Professor Hu laid the foundations for China's semiconductor industry in Shanghai in 2000 as Deputy General Manager of the Shanghai Zhangjiang (Group) Co., Ltd., and was instrumental in establishing with Dr. Richard Chang the Semiconductor Manufacturing International Corporation (SMIC), China's first and premier semiconductor fabrication foundry. SMIC is the cornerstone of China's Integrated Circuit Industry Base located within the nationally acclaimed Shanghai Zhangjiang Hi-Tech Park.

"We are extremely fortunate to have someone as acclaimed and accomplished as Professor Hu on our Advisory Board," says Mike Neshat, RFaxis president and CEO. "China has fast become a significant force behind the consumer electronics industry today in terms of design, manufacturing, innovation, and investment capital. According to the Global Semiconductor Association, Chinese companies overflowing with cash are encouraged by the Chinese government to invest in accessing and developing intellectual property in the consumer electronics space. Professor Hu, with his network and technology and business acumen, will be a tremendous advocate in terms of helping us expand our presence and production capacity in China."

"I am impressed with the RF innovations that RFaxis has invented in such a short period of time. Also, the rapid pace at which they can make and commercialize these inventions is also highly commendable," commented Professor Hu. "There is significant synergy between China's consumer electronics industry needs and RFaxis core design competencies in terms of their cellular mobile phone, RF front-end and antenna solutions. The inside-China consumer electronics market is just as compelling as the overall global consumer electronics, and I look forward to helping Mike and his team benefit from exciting opportunities that lie ahead."

After successfully nurturing and solidifying China's semiconductor base, Professor Hu spearheaded the government's initiative for developing China's software high-tech zones. Subsequently, Professor Hu led the development of the renowned Shanghai Pudong Software Park, again within the Zhangjiang Hi-Tech Park. Under his business management, Professor Hu grew the Shanghai Pudong Software Park into one of the most profitable software business and export centers in China, and for its success, this Park was awarded the distinctions of "National Software Industrial Base" and "National Software Export Base."

Professor Hu now serves as the Chairman of the Board for Shanghai Data Solution Co., Ltd., Chairman of the Shanghai Zhangjiang Hi-Tech Park Development Affairs Consultative Committee and Chairman of the Pudong Information Infrastructure Development Research Consulting Center. Professor Hu also holds executive positions in various industry associations, as well as a distinguished membership to the IT Advisory Committee of the Shanghai Municipal Government. Furthermore, Professor Hu serves as an Adjunct Professor at the prestigious University of Science and Technology of China and Shanghai Jiao Tong University.

Professor Hu has been recognized by China's President Hu Jintao and former President Jiang Zemin for his distinguished service and achievements, and has received several honors and awards including the National Torch Program Software Industrial Base Advanced Individual Award, National Labor Award, the Shanghai Technology Innovation Leader Top Ten Award, the Development and Construction of Pudong Special Contribution Award, and Shanghai Model Workers Award.

Before returning to China in 1996 to expand the Shanghai Zhangjiang Hi-Tech Park, Professor Hu served as the General Consul of the Chinese Consulate in New York, and was later appointed as Director of the China Group Science Division of the United Nations Educational, Scientific and Cultural Organization (UNESCO).

Professor Hu graduated from the esteemed University of Science and Technology of China, Department of Technical Physics. He directed various university and national science laboratories. As a scholar, Professor Hu has been received as a visiting scientist at many world renowned research centers including the West Berlin BESSY synchrotron radiation laboratory, the Hamburg DESY research center for surface science, the California Institute of Technology, and the University of British Columbia in Vancouver, where he served as the Director of the Surface Science Laboratory.

About RFaxis, Inc.
Incorporated in January 2008, RFaxis, Inc. is an Irvine, California-based company specializing in the design and development of RF semiconductors and embedded antenna solutions. With its patent pending technologies, the company leads the way in next-generation wireless solutions designed for the multibillion dollar Bluetooth, WLAN, 802.11n/MIMO, ZigBee, WiMAX, and WHDI markets. Leveraging pure CMOS and BiCMOS technology in conjunction with its own innovative approach and technology, RFaxis is home to the world's first RF Front-end Integrated Circuit (RFeIC). More information can be found at: www.rfaxis.com.

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