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picoChip appoints chief financial officer
picoChip is a 2003 and 2004 Tornado100 Winner


6 April 2005 -- picoChip today announced it has appointed Iain Silvester to be its chief financial officer (CFO). Silvester joins the company from holding the position of finance director at Bristol, UK-based video compression technology specialist Motion Media PLC, where he managed the company's flotation on the official list of the LSE (London Stock Exchange).

Jonathan Brooks, non-executive chairman of picoChip and himself formerly CFO and director of ARM Holdings, commented on the appointment, 'We are delighted to welcome Iain. His experience and credentials, particularly in helping to bring a technology start-up to maturity, are an ideal match for a rapidly-growing high-tech company like picoChip.'

Iain Silvester, added, 'picoChip is an exciting opportunity with strong technology leadership. I am delighted to be joining such an experienced management team at this critical time in the company’s growth cycle.'

Iain Silvester is a chartered accountant, and began his career with Ernst & Young. In 1994 he joined IBAH, Inc, a NASDAQ-listed clinical research organisation, where he became international CFO, responsible for financial control and management of all non-US operations. Prior to joining Motion Media he was finance director of Chemical Design Holdings plc, an AIM-listed drug discovery software company, and managed it’s subsequent acquisition by Oxford Molecular Group. Motion Media was floated on the London Stock Exchange in 2000, capitalised at £140m, and was acquired in 2004.

picoChip has developed the world’s highest performance DSP tuned for wireless, and is a supplier of complete reference designs for WiMAX and HSDPA. The company has already scored ten design wins with key strategic players, including Tier One manufacturers, and is fast becoming the industry standard for next-generation wireless infrastructure. It recently announced the launch of the first commercially available WiMAX basestations using its picoArray™ technology, which is being deployed in basestations in Airspan Networks’ AS.MAX family of WiMAX products.


About picoChip
picoChip, located in Bath, England, is dedicated to providing innovative, flexible wireless solutions to help equipment makers minimize time-to-market, costs, and system power consumption.

At the heart of the company’s offering is a scaleable, multi-processor baseband IC that combines the computational density of a dedicated ASIC with the programmability of a traditional high end Digital Signal Processor. The picoChip technology platform includes tools, development boards and reference designs, and proven IP for seamless integration with the radio frequency elements of a base station. Equipment based on picoChip technology will enable telecom operators to remotely re-configure and upgrade their equipment without the high costs of replacing obsolete hardware.

picoChip currently has a development team with a balanced mix of hardware and software engineers of outstanding ability and experience; spanning such diverse fields as communications system design, software development, computer architecture, digital signal processing, RF design, and silicon design.

The company was founded in September 2000 and is backed by both Pond Venture Partners and Atlas Venture.
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Publisher Contact Information:

picoChip Designs Limited
+44 (0)1225 469 744
rupertb@picoChip.com

Company profile of picoChip Designs Limited
Past press releases of picoChip Designs Limited.

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