Elliptic Technologies Elects Veteran Executives to Board of Directors and Targets Aggressive Growth

Update: Synopsys Expands Security Solutions with Acquisition of Elliptic Technologies (June 29, 2015)

June 26, 2013 – Ottawa, Canada -- The Board of Directors of Elliptic Technologies, a leading provider of field-proven embedded security and content protection solutions, today announced the appointment of Mark Stibitz and Dr. Richard Reiner as its newest members.

Mark Stibitz is Co-Founder and President of Adaptive Chips, Inc. and Principal of Peak Value Solutions, LLC. He is also board director at Diablo Technologies. Mark has over thirty years of business management, global market strategy and product development experience spanning semiconductor and enterprise datacenter markets. He served as Vice President and General Manager of the Enterprise Storage Division of PMC-Sierra and prior to that, as Vice President and General Manager at Agere Systems (formerly Lucent Technologies Microelectronics Group). Mr. Stibitz has also held a variety of technical and marketing management positions with AT&T Bell Laboratories and sits on various technical advisory boards and committees.

“Elliptic is an embedded security leader providing innovative and comprehensive system solutions along with best-in-class customer support” said Mark Stibitz. “I’m pleased to have the opportunity to collaborate with this group of highly talented individuals and help accelerate market growth for their ground breaking technology and products.”

Dr. Richard Reiner is currently Founding Partner at investment firm, CC Stratus. He was previously Chairman & CEO of Enomaly, a global leader in cloud computing & security, culminating in Enomaly’s acquisition by Virtustream in 2011. He was also founder, CEO, and CTO of Assurent Secure Technologies, acquired in 2006 by TELUS and has served on the boards and advisory boards of many highly regarded early-stage companies in the IT infrastructure, security, and SaaS sectors. Richard can be found in the media, quoted in the New York Times, CBS, NBC, USA Today, CIO, and hundreds more technology publications.

“I’m thrilled to have this opportunity to work with Elliptic,” commented Richard Reiner. “Security is one of the biggest issues that needs to be addressed in order to enable wide deployment of services and applications on connected devices. Elliptic’s broad product portfolio and the team’s deep security expertise are tremendous assets, and I look forward to building the strategic vision with this growing enterprise.”

“We are privileged to have Mark and Richard join our Board of Directors,” said Vijay Dube, President and CEO of Elliptic Technologies. “The perspective gained from these two highly knowledgeable individuals with proven leadership will benefit our company as we move into an aggressive growth phase to take advantage of the significant market opportunities that are in front of us. With Mark’s experience in the semiconductor and datacenter markets and Richard’s extensive security background, Elliptic will be well positioned for success in the high growth market of embedded security and content protection.”

Dr. Reiner and Mr. Stibitz’s appointments are effective immediately. Biographical sketches of each Elliptic Board member are available at: http://www.elliptictech.com/en/company/board-of-directors.

About Elliptic Technologies

Elliptic Technologies is a leading provider of embedded security hardware cores and software to SoC manufacturers, OEMs, service and content providers. Elliptic's highly-integrated solutions help secure products in markets such as mobile, networking, home entertainment, smart grid and automotive.  Elliptic's hardware security cores enable designers to efficiently balance power, performance and silicon area and cover a wide variety of cryptographic cores, public key accelerators, true random generators and protocol processors. Elliptic is leading the world in DRM and content protection solutions for downloading and sharing premium content between multiple devices, including DTCP-IP and HDCP SDKs built for "trusted execution environments" used in consumer electronics. The company has a global customer base and sales channels. To learn more about how Elliptic's security solutions enable the most efficient silicon design and highest levels of security for some of the world's most popular products, please visit www.elliptictech.com.