Teranetics Announces New CEO

As Company Accelerates Dominance in 10GBASE-T Market

SAN JOSE, Calif., Aug. 12 /PRNewswire/ -- Teranetics, the leading provider of 10GBASE-T physical layer solutions enabling higher speed Ethernet over-copper, announced the appointment of Dr. Nersi Nazari as President and CEO. Dr. Nersi Nazari joins Teranetics following more than 20 years in the semiconductor industry. This appointment matches the Company's transition from development to commercial design wins and deployments with leading industry players including Arista, Extreme, Mellanox, Intel and additional dominant players in the communications equipment market.

Teranetics was founded in 2003 and develops 10GBASE-T Phys for structured-copper-cabling environments. Teranetics' solutions meet the stringent low-power, high-speed, and distance requirements of data networking environments. The Company's products are found in servers and switches. The 10GBASE-T market is growing rapidly to meet the demands of ever-expanding data traffic.

"Teranetics is the clear technical leader in the 10GBASE-T transceiver market," stated Dr. John Cioffi, Teranetics Board Member, 2006 Marconi Fellow and Chairman and CEO of ASSIA Inc. "I personally thank Mr. Matt Rhodes, who served as President and CEO, for bringing the company to revenue stage. Dr. Nazari and co-founder and Chairman Dr. Sanjay Kasturia, are the perfect executive team for ensuring Teranetic's dominance and expansion in this industry."

"Teranetics is exercising its leadership in 10GBASE-T and my thanks to Matt Rhodes for leading the Company to key customer design wins," stated Mr. Vijay Parikh, Managing Principal at Global Catalyst Partners. "Dr. Nazari brings an unrivaled record in building large, mixed signal companies. With this appointment, Teranetics is poised to secure the next stage in market adoption."

"We are delighted that Dr. Nazari has joined Teranetics as President and CEO," stated Mr. Irwin Federman, General Partner at USVP. "With rapid market adoption and Teranetics' undisputed leadership in the 10GBASE-T market, we all look forward to the replication of Dr. Nazari's past record of driving rapid growth in new markets."

"I am very pleased to have Dr. Nazari join Teranetics as President and CEO," stated Dr. Sanjay Kasturia, co-Founder, Chairman and CTO of Teranetics. "Dr. Nazari's experience in leading Marvell to market dominance, in the previous generations of Ethernet technology and products, is very valuable as the 10GBASE-T market enters a phase of rapid growth."

"I had the privilege to work with Teranetics over the past 4 years as technical board advisor," stated Dr. Nazari. "I have seen Teranetics win key accounts with leading switch and server vendors based on their technology, team and strategic partnerships. I look forward to extending our business success and to rapidly expand our revenue and product base. I am humbled by the strong vote of confidence granted to me by the employees, Chairman, investors, and Dr. John Cioffi, the renowned pioneer of high speed copper communications."

Dr. Nersi Nazari, Career Highlights

Dr. Nersi Nazari is a veteran semiconductor professional with over 20 years of experience in design, management, business development and venture funding in the communications industry. He holds a doctorate in EE from the University of Colorado and has been awarded eight US patents.

Dr. Nazari served in R&D positions at Digital Equipment Corporation (DEC) and Seagate Technology, prior to joining GEC Plessey Semiconductor as Chief Technologist in 1994. Dr. Nazari joined Marvell Semiconductor in 1997 as the founding VP of Signal Processing Technology. At Marvell, he introduced the company's first Trellis Coded Modulation-based read channel chip, the first SOC solution as well as the industry's first sub-two Watt 1000Base-T Gigabit Ethernet chip. These products were key to the company's successful IPO in June 2000 and have since grown to over $1 billion in annual revenue.

About Teranetics

Teranetics is a leading provider of silicon solutions that enable significantly higher data rates over structured copper cabling than are currently available in today's Ethernet network environments. Led by a team with exceptional expertise and experience in the development and application of mixed-signal semiconductor solutions and digital communication technologies, Teranetics is the first company to ship a production-ready 10GBASE-T semiconductor designed for next generation network applications. Teranetics is backed by a strong consortium of venture investors with in-depth experience and success in the semiconductor and data networking markets. For more information, go to www.teranetics.com.

SOURCE Teranetics, Inc.

Web site: http://www.teranetics.com/




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