TranSwitch Corporation (NASDAQ: TXCC) a leading provider of semiconductor solutions for multimedia connectivity and processing, today announced the appointment of Mr. Timothy T. Blanke as Vice President – Worldwide Sales. He will serve as part of the executive management team and will report to Dr. M. Ali Khatibzadeh, President and Chief Executive Officer. Mr. Blanke will be responsible for TranSwitch’s worldwide sales strategy and execution including development of key accounts, sales channels and penetration of new markets.
“At this stage in our transition to a company focused on multimedia connectivity, we have passed beyond initial product development stage to a laser focus on customer penetration and production sales,” said Dr. Khatibzadeh. “Tim brings to TranSwitch a highly successful track record of delivering sales growth in the consumer electronics OEM marketplace. His expertise in building sales organizations and developing channels and partnerships, particularly in Asia, will help TranSwitch grow market share and build strong customer relationships. I am pleased to have him as part of the team.”
“I am thrilled to be joining TranSwitch at this pivotal moment of transition into high growth consumer electronics markets,” said Mr. Blanke. “TranSwitch has fantastic growth opportunities in video connectivity and I look forward to growing our customer base for the HDplay™, HDwire™ and HDmobile™ product lines and delivering on our revenue potential.”
Prior to joining TranSwitch, Mr. Blanke held various sales management positions at ANADIGICS, most recently as Director, Asia Pacific (APAC) Sales, where he led the APAC team in the growth of wireless and broadband RF semiconductor products. Mr. Blanke holds a B.A. in Economics from the University of Massachusetts and an M.B.A. from Rutgers, the State University of New Jersey with a concentration in Management and Business Strategy.
Ted Chung, who has been Vice President – Business Development & Worldwide Sales since October 2011, will continue in the role of Vice President – Business Development, focusing full time on the Company’s important strategic initiatives. “We owe Ted tremendous thanks for having set the stage for Tim and I look forward to continuing to work with him on the company’s strategic thrusts,” said Dr. Khatibzadeh.
About TranSwitch Corporation
TranSwitch Corporation (NASDAQ: TXCC) designs, develops and supplies innovative integrated circuit (IC) and intellectual property (IP) solutions that provide core functionality for voice, data and video communications equipment for network, enterprise and customer premises applications. We provide integrated multi-core network processor System-on-a-Chip (SoC) solutions and software solutions for Fixed, 3G and 4G Mobile, VoIP and Multimedia Infrastructures. For the customer-premises market, we offer interoperable connectivity solutions that provide a bridge between HDMI and DisplayPort and enable the distribution and presentation of high-definition (HD) content for consumer electronic and personal computer markets and also provide a family of communications processors that provide best-in-class performance for a range of applications. Overall, we have over 100 active customers, including the leading global telecom equipment providers, semiconductor and consumer product companies. For more information, please visit www.transwitch.com.
Forward-looking statements in this release, including statements regarding management's expectations for future financial results and the markets for TranSwitch's products, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements regarding TranSwitch, its operations and its financial results, involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements, including without limitation the risks associated with downturns in economic conditions generally and in the telecommunications and data communications markets and the semiconductor industry specifically; risks in product development and market acceptance of and demand for TranSwitch’s products and products developed by TranSwitch’s customers; risks associated with foreign sales and high customer concentration; risks associated with competition and competitive pricing pressures; risks in technology development and commercialization; risks of failing to attract and retain key managerial and technical personnel; risks relating to TranSwitch’s available cash; risks associated with acquiring new businesses; risks of dependence on third-party VLSI fabrication facilities; risks related to intellectual property rights and litigation; and other risks detailed in TranSwitch's filings with the Securities and Exchange Commission.
TranSwitch expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in expectations or any change in events, conditions or circumstances on which any such statement is based.
TranSwitch is a registered trademark of TranSwitch Corporation.
Mary A. Lombardo, 203-929-8810 ext. 2254