MILPITAS, Calif., Oct. 10 /PRNewswire-FirstCall/ -- Sipex Corporation
(SPIX.PK) announces today that Joel Camarda will join the Company as the new
Senior Vice President of Operations effective on November 7, 2005. Joel has
over 30 years of semiconductor industry experience with some of the leaders
within our industry.
"Joel brings a blend of semiconductor manufacturing and even semiconductor
equipment expertise that will be valuable to our company," said Ralph Schmitt,
CEO of Sipex. "He has been in multiple companies where he transferred an
internal manufacturing model into an outsourced model. This knowledge is
critical to our success."
In his most recent assignment with Kulicke & Soffa (K&S) Industries, Joel
served as the Vice President of Operations for their Test Products Division,
after having run both their Substrates and Flip Chip Divisions. Prior to K&S,
he ran the operations for Silicon Storage Technology, Inc.
Joel earned his BS in Engineering from New York University's School of
Engineering and started his career as a Senior Manufacturing Engineer for
National Semiconductor Corporation, Santa Clara, CA. He further broadened his
extensive experience with industry leaders such as Rockwell and Cypress.
"I see huge potential at Sipex and am excited to attack the challenge of
making the transition to a fabless model," added Joel Camarda, Sr. VP of
Operations of Sipex. "I am anxious to get started as we have much work ahead
of us. I am counting on the support of our external partners and looking
forward to working closely with the talented Sipex operations team."
About Sipex
Sipex Corporation is a semiconductor company that designs, manufactures
and markets high performance, value-added analog integrated circuits (IC).
Sipex serves the broad analog signal processing market with interface, power
management and optical storage ICs for use in automotive, portable products,
computing, communications, and networking infrastructure markets. The company
is headquartered in Milpitas, California with additional offices in Belgium,
Canada, China, Germany, Japan and Taiwan. Sipex sells products direct and
through its distribution channels. For more information about Sipex, visit
http://www.sipex.com.
Forward-Looking Statements
This press release contains forward-looking statements. Statements
regarding the Company's beliefs, plans, expectations or intentions regarding
the future are forward-looking statements, within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the Exchange
Act. All such forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are subject to significant risks and uncertainties.
Actual results may differ materially from those described in such statements
as a result of these risks and uncertainties. In particular, the forward-
looking statements include statements about the Company's beliefs regarding a
blend of semiconductor manufacturing and semiconductor equipment expertise
will be valuable to Sipex, and the knowledge of transferring an internal
manufacturing model into an outsourced model is critical to the success of the
Company. These forward-looking statements involve a number of risks and
uncertainties that could cause actual results to differ materially from those
suggested by the forward-looking statements, including overall economic
conditions in the U.S. and abroad, demand for electronic products and
semiconductors in general, demand for the end-user products for which the
Company's semiconductors are suited, the Company's relationships with
customers and distributors in North America, Europe and Asia, as well as other
customers and distributors, the Company's ability to move new product designs
into production and to successfully market and sell new products and the
ability of the Company to manage expenses, production and shipment levels and
improve gross margins. The Company disclaims any intention or obligation to
publicly update or revise any forward-looking statements, whether as a result
of events or circumstances after the date hereof or to reflect the occurrence
of unanticipated events.
For Further Information Contact:
Ralph Schmitt
Chief Executive Officer and Member of the Board of Directors
Phone: 408-934-7500
Fax: 408-935-7600
SOURCE Sipex Corporation
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Related links:
http://www.sipex.com
Company News On-Call:
http://www.prnewswire.com/comp/111683.html
CONTACT:
Ralph Schmitt, Chief Executive Officer and
Member of the Board of Directors of Sipex Corporation,
+1-408-934-7500 or Fax: +1-408-935-7600
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