Genesis Announces Resignation of Chief Financial Officer.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Genesis Microchip Genesis Microchip Inc. is a leading edge world wide supplier of integrated circuits (ICs) for video processors in flat panel LCD TVs and Monitors. Founded in 1987 by Paul Russo [9] in Markham, Ontario, Canada and it became a public company in 1998 [10] and now Inc. (Nasdaq:GNSS (Global Navigation Satellite System) The European term for a global satellite-based radio navigation system. See Galileo. ), a world leader in the development of image and video processing Video processing techniques are used in video codecs, video players and other devices. For example—commonly only design and video processing is different in TV sets of different manufactures. technologies for flat-panel TVs, monitors and other consumer display products, today announced that Chief Financial Officer, Michael Healy Michael Augustine Healy, nicknamed "Hell Roaring", was an American captain in the United States Revenue Cutter Service (predecessor of the United States Coast Guard) who patrolled Alaskan waters in the late 19th century. USCGC Healy, commissioned in 1999, was named in his honor. , has resigned his position effective May 8, 2007, to pursue another opportunity. Mr. Healy has agreed to assist in a transition of duties and the Company is commencing an executive search for a Chief Financial Officer. "I want to thank Mike for his dedication, commitment and significant contribution to Genesis during the past three years," said Elie Antoun, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Genesis Microchip. "I also want to congratulate him on his new opportunity and look forward to attracting someone of Mike's caliber to the organization." About Genesis Microchip Genesis Microchip Inc. (Nasdaq:GNSS) is a leading provider of image and video processing systems enabling superior picture quality in flat-panel TVs and a variety of consumer and PC-display products. Featuring Genesis Display Perfection[R] technologies and Emmy award-winning Faroudja[R] video technologies, Genesis system-on-a-chip solutions are used worldwide by display manufacturers to produce visibly better images across a broad array of devices including flat-panel displays, digital TVs, projectors, A/V receivers and DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. players/recorders. The Genesis technology portfolio features analog and mixed signal system-on-a-chip design, DCDi[R] by Faroudja deinterlacing, TrueLife[TM] video enhancement, IntelliComb[TM] video decoding and includes over 185 patents. Founded in 1987, Genesis supports its leading brand-name customers with offices in the U.S., Canada, India, Europe, Taiwan, South Korea, China, Japan and Singapore. For more information about Genesis Microchip Inc. or Genesis Display Perfection technologies, please visit www.gnss.com. Note to Editors: Genesis, Genesis Display Perfection, Faroudja, DCDi by Faroudja, TrueLife and IntelliComb are trademarks or registered trademarks of Genesis Microchip Inc. |
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