Linköping, Sweden -- 11 December 2007 -- Coresonic AB, a leading provider of baseband modem IP technology, has appointed Johan Lodenius to its board of directors. He is currently also active as co-founder of Nordisk Mobiltelefon, a Scandinavian based 3G operator, and chairman of the board for Ocean Observations, a fast growing wireless design company.
Rick Clucas, CEO of Coresonic, commented, "We are delighted to have Johan on board. His extensive knowledge and experience of the wireless semiconductor market will make him a key member of our team, especially with the significant interest we are seeing for our LeoCore baseband modem intellectual property in 4G mobile multimedia applications. His background in product management and marketing will also be valuable as we address the need for chip designers to support a wide range of standards ranging from WiMAX, LTE and UMB, to DVB-T/H, ISDB-T, T-DMB, DAB+ and HD radio."
"The addition of Johan to our already very strong board of industry veterans further demonstrates the exciting opportunities that Coresonic and our LeoCore technology offers; we are all looking forward to working with him," added Christer Svensson, founder and chairman of Coresonic.
Johan Lodenius is a wireless industry veteran who has held international management positions with market leading companies for the past 19 years. Throughout his career, Johan has been a key contributor to the development of new wireless and microelectronics market strategies, business models, products and intellectual property.
From 1996 to 2004 he was a senior VP at Qualcomm responsible for strategy, marketing and product management for the company's chipset division. Prior to this he held business development, product management and engineering positions at LSI Logic and Ericsson.
Coresonic AB was founded in 2004 from the outcome of a three-year research project to develop a new programmable wireless baseband processor architecture at the research center Stringent at Linköping University, Sweden. The project resulted in a novel processor architecture optimized for wireless modems that delivers small, power-efficient and flexible modem solutions. Coresonic's products are already proven in silicon and delivered as semiconductor intellectual property. They feature a patented architecture aimed at developers of baseband products for the WiMAX and 4G market who want to quickly integrate a semiconductor core design with appropriate protocol specific firmware to meet rapidly changing wireless standards as they evolve for all types of mobile wireless devices - from mobile phones and PDAs to wireless networking and digital broadcasting. Read more at www.coresonic.com.