New CEO Appointment Signals Focus on North American And European Markets for Systemonic

Apr 30, 2001, 01:00 ET from Systemonic

    SAN JOSE, California, DRESDEN, Germany, and LONDON, April 30 /PRNewswire/
 -- Systemonic (www.systemonic.com) the broadband wireless chip company, has
 appointed Ruediger Stroh as Chief Executive Officer. With over five years
 senior experience in Silicon Valley, Ruediger Stroh joins from Infineon
 Technologies Corporation, San Jose USA, where he was Senior Vice President and
 General Manager, Network & Computer Storage.
     Ruediger Stroh, the newly appointed CEO of Systemonic, commented:
     "Systemonic has developed market leading wireless technology. The goal now
 is to provide complete solutions to businesses operating in the broadband
 wireless LAN and home networking markets. With our initial focus on the
 emerging US and European 5GHz standards, 802.11a and HiperLAN2, Systemonic is
 now in the process of rapidly building out its presence -- and likewise its
 closeness to customers -- in North America and Europe through the expansion of
 its technical and sales support teams."
     Professor Gerhard Fettweis, co-founder and CTO of Systemonic, added:
     "We have a proven approach that dramatically reduces the design time and
 costs for producing wireless communication chips. We look forward to Ruediger
 bringing his significant market and account development expertise to bear on
 the business."
     Currently employing 50 engineers, Systemonic was founded in June 1999 and
 has pioneered a breakthrough DSP technology, OnDSP(TM). This platform
 technology allows a chip's core functionality to be programmed into embedded
 firmware as opposed to being hardwired into the silicon, thereby providing
 unique advantages in terms of customisation, development time and cost.
     The company's first chip based on its OnDSP(TM) platform is HiperSonic(TM)
 and is the first to take a multimode approach, meeting both the HiperLAN 2 and
 802.11a standards simultaneously.
 
     About Systemonic
     Systemonic AG was founded in June 1999 in Dresden by Prof. Gerhard
 Fettweis, Head of the Mannesmann Mobile Telecommunications Chair at the
 Technical University of Dresden, and Dr. Michael Bolle, an expert on digital
 audio broadcasting at Robert Bosch GmbH. Systemonic -- the name stands for
 System on IC -- was established to commercially develop and market application
 specific standard products for the wireless communications markets of the
 future, based on a highly automated design methodology and architecture for
 digital signal processors (DSPs), the consequence of more than 4 years
 research by the University of Dresden. The company currently employs 50
 engineers. In November 2000, Systemonic completed second round funding of
 USD30 million from an investment consortium led by Apax Europe IV, including
 Lehman Brothers, Robertson Stephens' Bayview 2000, LP, Atlas Venture and Krone
 mt.
 
     About Ruediger Stroh
     Ruediger Stroh has spent the last five years as a key senior executive in
 the North American market for Siemens and Infineon.  Through a combination of
 strategic partnering, acquisitions, and growing major accounts, Ruediger Stroh
 has been responsible for transforming a greenfield operation into a
 multi-million dollar business unit.  This unit was focused on providing highly
 customized integrated solutions to businesses addressing high-volume Network
 and Computer Storage markets. His responsibilities also included fast-tracking
 semi-conductor solutions into production.
 
     Please contact GTH for a photo of Ruediger Stroh
 
 

SOURCE Systemonic
    SAN JOSE, California, DRESDEN, Germany, and LONDON, April 30 /PRNewswire/
 -- Systemonic (www.systemonic.com) the broadband wireless chip company, has
 appointed Ruediger Stroh as Chief Executive Officer. With over five years
 senior experience in Silicon Valley, Ruediger Stroh joins from Infineon
 Technologies Corporation, San Jose USA, where he was Senior Vice President and
 General Manager, Network & Computer Storage.
     Ruediger Stroh, the newly appointed CEO of Systemonic, commented:
     "Systemonic has developed market leading wireless technology. The goal now
 is to provide complete solutions to businesses operating in the broadband
 wireless LAN and home networking markets. With our initial focus on the
 emerging US and European 5GHz standards, 802.11a and HiperLAN2, Systemonic is
 now in the process of rapidly building out its presence -- and likewise its
 closeness to customers -- in North America and Europe through the expansion of
 its technical and sales support teams."
     Professor Gerhard Fettweis, co-founder and CTO of Systemonic, added:
     "We have a proven approach that dramatically reduces the design time and
 costs for producing wireless communication chips. We look forward to Ruediger
 bringing his significant market and account development expertise to bear on
 the business."
     Currently employing 50 engineers, Systemonic was founded in June 1999 and
 has pioneered a breakthrough DSP technology, OnDSP(TM). This platform
 technology allows a chip's core functionality to be programmed into embedded
 firmware as opposed to being hardwired into the silicon, thereby providing
 unique advantages in terms of customisation, development time and cost.
     The company's first chip based on its OnDSP(TM) platform is HiperSonic(TM)
 and is the first to take a multimode approach, meeting both the HiperLAN 2 and
 802.11a standards simultaneously.
 
     About Systemonic
     Systemonic AG was founded in June 1999 in Dresden by Prof. Gerhard
 Fettweis, Head of the Mannesmann Mobile Telecommunications Chair at the
 Technical University of Dresden, and Dr. Michael Bolle, an expert on digital
 audio broadcasting at Robert Bosch GmbH. Systemonic -- the name stands for
 System on IC -- was established to commercially develop and market application
 specific standard products for the wireless communications markets of the
 future, based on a highly automated design methodology and architecture for
 digital signal processors (DSPs), the consequence of more than 4 years
 research by the University of Dresden. The company currently employs 50
 engineers. In November 2000, Systemonic completed second round funding of
 USD30 million from an investment consortium led by Apax Europe IV, including
 Lehman Brothers, Robertson Stephens' Bayview 2000, LP, Atlas Venture and Krone
 mt.
 
     About Ruediger Stroh
     Ruediger Stroh has spent the last five years as a key senior executive in
 the North American market for Siemens and Infineon.  Through a combination of
 strategic partnering, acquisitions, and growing major accounts, Ruediger Stroh
 has been responsible for transforming a greenfield operation into a
 multi-million dollar business unit.  This unit was focused on providing highly
 customized integrated solutions to businesses addressing high-volume Network
 and Computer Storage markets. His responsibilities also included fast-tracking
 semi-conductor solutions into production.
 
     Please contact GTH for a photo of Ruediger Stroh
 
 SOURCE  Systemonic