ClearSpeed Incorporates in U.S., Names Industry Veteran Mike Calise as President, and Opens Silicon Valley Office.Business Editors/High-Tech Writers LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--Oct. 21, 2002 Successful U.K. Start-up Offers Significant Breakthrough in Packet Processing for Networking and Storage Area Network Markets ClearSpeed(TM) Technology Ltd., a leading provider of high-performance packet processing technology, has incorporated in the U.S., named semiconductor and intellectual property (IP) industry veteran Mike Calise as president of the company, and opened a Silicon Valley office located at 20 No. Santa Cruz Santa Cruz, city, United States Santa Cruz (săn`tə kr  z), city (1990 pop. 49,040), seat of Santa Cruz co., W Calif., on the north shore of Monterey Bay; inc. 1866. Ave, Suite 3C, Los Gatos, CA
95030. The Bay Area is the company's most important geographic
market, and the opening of an office here was in response to requests
from strategic partners and early adopters of the company's
technology.
"ClearSpeed truly 'gets' it -- the company provides significant breakthroughs in packet processing for the networking and SAN markets with an elegant, low-cost technology. Faster, cheaper, simpler is the proven formula in this space, and ClearSpeed has it," said John Hart
John Hart (about 1711 or 1713–May 11, 1779), was a signer of the United States Declaration of Independence as a representative of New Jersey. , ClearSpeed board member and former 3Com chief technical officer. "We are really excited about growing a ClearSpeed presence in the Bay Area, a highly important market for us, with a strong president like Mike at the helm." Calise has nearly 20 years of experience in the semiconductor industry working for various companies including Intel, Benchmarq Microelectronics (TI), Catalyst Semiconductor, Palmchip, and Improv Systems. He has successfully grown global sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a and field applications organizations and has been instrumental in creating key semiconductor technology partnership agreements. Calise has spent the last five years in the semiconductor intellectual property (SIP) industry as vice president worldwide sales for Improv Systems and Palmchip Corp. He has been published on successful selling of intellectual property and received his B.S.E.E. from University of Buffalo in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . "The North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. market presents a rich set of technology-driven companies that can fully exploit ClearSpeed's offerings," said Calise. "I'm excited about being able to service and support local customers and partners in delivering chips that have the right levels of performance and functionality while adhering to power constraints. I chose to become president of ClearSpeed because of its key technology -- which could be a significant catalyst to the recovery of the data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. industry -- as well as the company's financial stability and continued revenue generation in a down economy." Market Growth Network processing is one of the fastest growing segments of the semiconductor market. Last month, market analyst In-Stat/MDR reported that by 2006 the total network processing unit Network Processing Unit or NPU is an array of one or more Central processing unit (CPU) whose instructions are specialized to handle networking-related functions. NPUs are generally targeted at efficient examination and manipulation of packet headers. (NPU (Network Processing Unit) Same as network processor. ) market -- including Metro and Core Grade NPUs -- is projected to reach $1.6 billion, up from about $50 million in 2001. IP is also a growth area in the semiconductor market. According to Gartner Dataquest, the IP industry grew at a 25 percent rate in 2001, while the semiconductor industry declined 31 percent. About ClearSpeed Technology ClearSpeed is a leading provider of high-performance parallel processing technology to the computing and communications industries in a media intensive world. The company's goal is to enable its customers to deliver programmable ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. solutions at any performance level, which are: -- Faster: Clearly flexible performance -- Cheaper: Clear and continuous cost reduction -- Simpler: Clearly cutting time to market ClearSpeed is focused on high-growth applications for high-performance, programmable ASICs in network processing and related areas. The company has corporate offices in the U.K. and the U.S. More information can be found on the company's website at www.clearspeed.com or by calling 408/395-3850. For a photo of Mike Calise and further information, please contact: Michelle Corbett Slider A block of material that holds the read/write head of a magnetic disk. See flying head. & Associates 650/345-8554 michelle@sliderassociates.com |
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