SANTA CLARA, Calif., June 29 /PRNewswire-FirstCall/ -- DSP Group, Inc.
(Nasdaq: DSPG), a worldwide leader in developing and providing solutions for
the residential wireless market, announced today that Mr. Inon Beracha is
joining the company as Senior Vice President, Manager of the DECT Division, a
division which DSP Group believes has substantial growth potentials in the
next few years. He will be reporting to the Chief Executive Officer of the
company.
Mr. Beracha was a Co-Founder of Ceragon Networks Ltd. where he remained
for seven years. In his last position with Ceragon, Mr. Beracha was the
company's Chief Operating Officer. Prior to co-founding Ceragon, Mr. Beracha
was Vice President of the Electronic Research and Development Department of
the Israeli Ministry of Defense (IMOD) where he designed, developed and
managed the production of wireless communication systems. He received the
IMOD's most prestigious research and development award, the Israeli Defense
Award.
Mr. Beracha earned a BSc and MSc degree in Electronic Engineering from the
Tel-Aviv University.
"DSP Group is a role model in the high-tech industry: how to turn cutting
edge technology into financial achievements. I am honored to join the DSP
Group team and excited by the new challenges," said Mr. Beracha.
Eli Ayalon, Chairman & CEO of DSP Group, stated: "We are very pleased to
have Inon Beracha as a member of our top management team, his excellent
achievements in technology, his experience and proven record as an
entrepreneur and manager and his excellent personal skills will have a major
contribution to DSP Group's future success."
About DSP Group
DSP Group, Inc. is a fabless semiconductor company that is a worldwide
leader in the short-range wireless market. By combining its DSP core
technology with advanced RF CMOS, communication technology, video technology
and speech-processing algorithms, DSP Group develops and provides a wide
portfolio of short-range communication solutions, which are utilized for
residential, SOHO, SME, enterprise and automotive applications. DSP Group
solutions include digital 900MHz, 2.4GHz, DECT (1.9GHz), 5.8GHz and Bluetooth
for voice, data and video communication as well as solutions for DVRs (Digital
Voice Recorders) and MP3 applications. DSP Group also develops and markets
embedded, integrated silicon/software solutions for Voice-over-Digital-
Subscriber Line (VoDSL) and Voice-over-Internet-Protocol (VoIP) applications,
as well as other Voice-over-Packet applications for Integrated Access Devices
(IAD) and IP phones. More information about DSP Group is available at
http://www.dspg.com.
Forward-Looking Statements
This press release contains statements that may constitute "forward-
looking statements" under the Private Securities Litigation Reform Act of
1995, including statements about the growth potential of DSP Group's DECT
division and Mr. Beracha's potential contributions to the company. These
statements are based on current expectations and DSP Group assumes no
obligation to update this information. The events described in these
forward-looking statements may not actually arise. DSP Group's actual results
could differ materially from those described in this press release as a result
of various factors. For a discussion of various risk factors, see DSP Group's
report on Form 10-Q for the quarter ended March 31, 2004, which has been filed
with the SEC and is also available on the company's website (http://www.dspg.com)
under Investor Relations.
For more information, contact
Yaniv Arieli
President of US Operations
Investor Relations
DSP Group, Inc.
Tel: +1-408-986-4423
Fax: +1-408-986-4442
e-mail: yarieli@dspg.com
SOURCE DSP Group, Inc.
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Related links:
http://www.dspg.com
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CONTACT:
Yaniv Arieli, President of US Operations
Investor Relations of DSP Group, Inc., +1-408-986-4423, or fax,
+1-408-986-4442, or yarieli@dspg.com
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