Symmetricom Promotes David Cox to Executive Vice President and General Manager.David Cox to lead QoE Assurance Division, Expanding Symmetricom's Capabilities into Quality of Experience (QoE) for IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. and other Triple Play Services SAN JOSE, Calif. -- Symmetricom, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : SYMM SYMM Synchronized Multimedia (W3C Working Group) ), a worldwide leader in precise time and frequency products and services, today announced that David Cox has been promoted to executive vice president and general manager of the company's new QoE (Quality of Experience) Assurance Division. David joined Symmetricom as vice president of corporate business development in April 2006. Earlier this year, Symmetricom announced its acquisition of QoSmetrics, a privately held provider of QoE solutions for IPTV and other triple play services, now part of the new division. "Under the direction of David Cox, we expect that the QoE Assurance Division will establish a strong market position in IPTV/QoE markets, building upon our core expertise in generating precise time and synchronization for next generation networks," commented Tom Steipp, 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 Symmetricom. "QoE is a logical extension of our position in existing communication networks and places us in the path of customer initiatives to deploy IPTV and other triple play services." Prior to Symmetricom, David was the CEO of Norwegian-based mobile search firm Stochasto ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and , and also co-founded and served as the president and CEO of BlueKite, a mobile Internet software company in the bandwidth optimization space. At BlueKite, David and his team raised over $50 million in venture capital funding and served customers that included British Telecom, Vodafone, Swisscom, Telia Sonera and Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. . He was also a partner in the Silicon Valley office of Danish venture fund 2M Invest and served as a consultant with McKinsey & Company, advising companies in the U.S., Mexico and SE Asia on issues of corporate strategy and organization. He previously served as a board director for Enable Semiconductor (acquired by Lucent) and currently serves on the board of directors for Covenant House California. David holds a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Electrical Engineering from the University of Texas and a Masters Degree in Business Administration from the Stanford University Graduate School of Business. "I am excited to be a part of the team at Symmetricom that is looking to extend our market leadership into the emerging QoE market for IPTV," commented David Cox, executive vice president and general manager of Symmetricom. "These efforts will enable us to continue to support our telecom customers' most critical needs for delivering multimedia services over converged IP infrastructures. While our core businesses of precise timing and synchronization products will continue to drive innovation in these core technology areas for NGN (Next Generation Networks) An umbrella term for mixed voice and data networks running over the IP protocol. See IP Multimedia Subsystem. implementation, we are confident that our new QoE initiative will provide an even broader base of mission-critical solutions for our key customers." David can be reached at Symmetricom headquarters, 2300 Orchard Parkway, San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , 95131, tel +1-408-433-0910, fax +1-408-428-7896 or email dcox@symmetricom.com. Safe Harbor This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. These forward-looking statements include statements concerning Symmetricom's expectation that the QoE Assurance Division will establish a strong market position in the IPTV/QoE markets and deliver increased customer satisfaction. Symmetricom's ability to achieve those results could differ materially from those projected or suggested in these forward-looking statements. Factors that could cause future actual results to differ materially from the results projected in or suggested by such forward-looking statements include: timing of orders, cancellation or delay of customer orders, loss of customers, challenges in integrating QoSmetrics, customer acceptance of new products, geopolitical ge·o·pol·i·tics n. (used with a sing. verb) 1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation. 2. a. risks such as terrorist acts and the risk factors listed from time to time in Symmetricom's reports filed with the Securities and Exchange Commission, including the report on Form 10-K for the year ended June 30, 2006, report on Form 10-Q for the quarter ended September 30, 2006, and subsequent Form 8-K's. About Symmetricom, Inc. As a worldwide leader in precise time and frequency products and services, Symmetricom provides "Perfect Timing" to customers around the world. Since 1985, the company's solutions have helped define the world's time and frequency standards, delivering precision, reliability and efficiency to wireline and wireless networks, instrumentation and testing applications and network time management. Deployed in more than 90 countries, the company's synchronization solutions include primary reference sources, building integrated timing supplies (BITS), GPS timing receivers, time and frequency distribution systems, network time servers and ruggedized oscillators. Symmetricom also incorporates technologies including Universal Timing Interface (UTI UTI urinary tract infection. UTI abbr. urinary tract infection UTI urinary tract infection. UTI Urinary tract infection, see there ), Network Time Protocol (NTP (Network Time Protocol) A TCP/IP protocol used to synchronize the real time clock in computers, network devices and other electronic equipment that is time sensitive. It is also used to maintain the correct time in NTP-based wall and desk clocks. ), Precision Time Protocol (IEEE (Institute of Electrical and Electronics Engineers, New York, www.ieee.org) A membership organization that includes engineers, scientists and students in electronics and allied fields. 1588), and others supporting the world's migration to Next Generation Networks (NGN). Symmetricom is based in San Jose, Calif., with offices worldwide. For more information, visit www.symmetricom.com. |
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