Leading A-GPS solution provider announces management team and board additions, following CHF 27m Series-C funding and in anticipation of new product release
October 1, 2007 -- Manno (Ticino), Switzerland - Shortly after completing a CHF 27m Series-C funding, and in anticipation of a new A-GPS navigation solution release, NemeriX announced today that it has appointed Mr. Luc Seraphin and Mr. Jacques Combet as Managing Directors.
Luc Seraphin, who was promoted internally to Managing Director from VP World-Wide Sales & Business Development, originally joined NemeriX from Agere Systems, where he was EVP & General Manager of the Mobile Terminals Division. Previously, Luc held a number of leadership positions within Agere, Lucent Technologies, AT&T and NEC in marketing, sales and applications.
Jacques Combet, a senior telecommunications veteran, is new to NemeriX, hailing most recently from Alcatel where he held senior management positions in the mobile phone sector for nearly a decade, in particular as President of the Mobile Phone Division. Jacques has a broad knowledge of the cellular industry, including products, services, technology providers and telecom operators. Prior to Alcatel, Jacques spent 7 years in charge of the European Consumer Division marketing operations at Texas Instruments.
Concurrent with the appointment of Seraphin and Combet as Managing Directors, Ron Torten will be appointed to NemeriX’s Board of Advisors.
“The appointment of Luc and Jacques, both mobile phone and consumer electronics experts, as Managing Directors will further strengthen our management team and will provide invaluable input to the strategic roadmaps of our customers and partners,” says Steve Rees, NemeriX’s Chairman.
“I am proud to join NemeriX’s international team of skilled managers and engineers. I believe strongly that NemeriX’s compelling A-GPS navigation solution is poised for success in the very demanding and rewarding mobile phone market from which I come,” notes Combet.
“Combined with a highly successful Series-C funding and an imminent new release, NemeriX is well-positioned to deliver enduring, multi-generation navigation solutions to the mobile handset and PND markets. I think the market will be very interested in our upcoming announcements,” suggests Seraphin.
Founded in April 2002, NemeriX S.A. (Manno, Switzerland) is a venture-backed fabless semiconductor company specializing in ultra low power GPS and LBS integrated circuits, software and firmware for GPS and wireless applications.
NemeriX’s devices enable battery powered location determination anywhere, anytime, facilitating the design and manufacture of truly differentiated products for both consumer and professional markets.
NemeriX’s investors include Atila Ventures, Auriga Partners, Cadence, Oak Investment Partners, PolyTechnos Venture-Partners, and Vi Venture Incubator.
For more information about NemeriX, please visit www.nemerix.com.