Chandler: Everspin Technologies Names CEO

http://www.everspin.com
July 13, 2010 10:00 AM Eastern Daylight Time
MRAM Leader Everspin Technologies Names Phillip LoPresti President and CEO

Semiconductor Industry Executive to Lead Next Phase of Everspin’s MRAM Market and Technology Development

CHANDLER, Ariz.--(BUSINESS WIRE)--Everspin Technologies, the industry’s MRAM product leader, has named Phillip LoPresti its president and chief executive officer (CEO). LoPresti brings more than 25 years of engineering, sales and marketing experience in the semiconductor industry, including specific expertise leading a startup in an emerging technology sector.

“I am looking forward to building on MRAM’s success across multiple markets and leading Everspin through the next stage of our technology development”

LoPresti most recently directed the high-speed data converter efforts at Intersil Corporation, after joining the company when it acquired semiconductor startup Kenet, Inc. When the two companies merged in 2008, LoPresti led the successful integration of the Kenet team and products into Intersil’s analog mixed-signal business, while expanding the company’s product portfolio and customer base.

Prior to Intersil, LoPresti was president and CEO of Kenet, where he grew the company’s efforts to commercialize low-power mixed-signal technology for portable consumer and communications applications. In a two and a half year period, LoPresti successfully launched more than 50 new products and secured multiple customer designs, ultimately establishing Kenet as a premier data converter company and culminating in the successful merger with Intersil.

“I am looking forward to building on MRAM’s success across multiple markets and leading Everspin through the next stage of our technology development,” said Phillip LoPresti. “Our strong product portfolio and proven track record positions us to expand market share as more customers recognize the value of our products. Everspin is focused on leveraging its MRAM expertise and resources to accelerate the introduction of new products in development based on our next-generation, high density Spin Torque MRAM technology.”

Prior to Kenet, LoPresti spent more than 20 years at NEC Electronics America. In his last 10 years with NEC, he held several executive positions leading up to associate vice president and general manager of the Custom LSI Solutions strategic business unit, where he oversaw the expansion of the company's ASIC technology business in North America.

LoPresti holds both bachelor's and master's of science degrees in electrical engineering from Boston University.

About Everspin Technologies

Everspin Technologies is the global leader in developing and manufacturing standalone and embedded magnetic-based memory (MRAM). As the world’s first volume MRAM supplier, Everspin delivers the most reliable, high-performance and cost-effective non-volatile random access memories in the market and also leads the industry in next generation Spin-Torque (ST-MRAM) technology development. A growing number of leading corporations in the computing, storage, industrial and office automation markets have adopted Everspin MRAM to enable their most advanced products. www.everspin.com

Everspin and the Everspin logo are trademarks or registered trademarks of Everspin Technologies, Inc. ©Everspin Technologies, Inc. 2010.

Contacts

PR for Everspin Technologies
Angie Hatfield, 425-941-2895
angie@hatfieldcommunications.com
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