Linköping, Sweden -- 2 May 2007 --
Coresonic AB, a leading provider of baseband processor technology, announces the nomination of industry-renowned entrepreneurs Tim Unger and Alain Fanet to the Coresonic board of directors. Each brings strong records of successful experience in starting high-tech semiconductor businesses.
“Coresonic is at the inflection point where the proven experience of Tim Unger and Alain Fanet will help guide the company to the next level. In combination with a network that spans the globe, Tim and Alain’s presence will improve the attention of customers and partners worldwide. Alain has founded and grown several companies, both in France and in the U.S., and Tim has an impressive track record of running successful technology businesses,” says Christer Svensson, Coresonic Chairman and CEO.
“Coresonic has impressive technology and the market timing is nearly perfect to hit the window of opportunity for WiMax Multimode applications becoming mainstream in a couple of years. There is still work to be done, and Tim and I look forward to being helpful in ensuring the success of Coresonic,” says Alain Fanet.
Tim Unger added, “Coresonic's unique patented architecture and LeoCore technology is optimized for baseband. It blends the advantages of programmability and flexibility with the reality of achieving a smaller die size and less power consumption than a fixed-function ASIC. I believe this technology is critical for the reduction in power consumption and miniaturization of equipment, and will speed the early certainty of the handheld digital video planet.”
Tim Unger brings twenty years of executive management and operating experience in a wide variety of leading-edge technology markets. Tim has successfully scaled a number of Silicon Valley start-ups while accelerating the launch of their dynamic businesses, ultimately leading to compelling liquidity events for company stakeholders. Among Tim's most recent successes is TROPIAN, Inc. The Fabless semiconductor start-up provided multimode radio solutions addressing cellular & emerging 3G standards and has been folded through acquisition into the Panasonic wireless family. Tim currently serves on the board of Cydelity (just acquired by Digital Envoy) and advises 24Access and Skybox Security. Tim was an entrepreneur-in-residence with marquee Menlo Park, California venture firm U.S. Venture Partners, and also was senior vice president and corporate officer at San Jose-headquartered Cadence Design Systems.
Alain Fanet is Board Director and co-founder of Arteris. Previously Alain was CTO and CEO former of ARTERIS. Prior to ARTERIS, Alain was Senior VP and General Manager of HSI Business Unit within Globespan, an ADSL semiconductor company. During his time there he managed the development of a complex DSL network processor family. Prior to Globespan, Alain was President, COO and co-founder of T.sqware Inc, a network processor company. While growing the company and expanding the Engineering team from 17 to 75 engineers Alain then merged T.sqware with Globespan in 2000. Prior to founding T.sqware he was Director of the Network Division at Matra Semiconductor, a French subsidiary of the Temic group. About Coresonic
Coresonic AB, founded in 2004, is a privately owned Swedish company developing and marketing multimode modems for the wireless industry. Coresonic has developed a novel, patent pending, processor architecture optimized for wireless modems that delivers small, power-efficient and flexible modem solutions. The product range includes both complete multimode modems for quick market entry and programmable baseband processors that the customer can tailor to their needs, all delivered as silicon intellectual property. Coresonic’s products are suited for all types of mobile wireless devices from mobile phones and PDAs to wireless networking and digital broadcasting. Read more at www.coresonic.com