MINNETONKA, Minn., Jan. 4 /PRNewswire-FirstCall/ -- MathStar, Inc. , the FPOA(TM) leader, today announced that Glen Wiley has joined the company as Vice President of Worldwide Sales. Mr. Wiley comes to MathStar most recently from Flextronics where he was Vice President of Semiconductor Applications Communications Sector in the Corporate Technology Group. In his two previous positions, Mr. Wiley was Vice President and General Manager, Digital ASIC Division of Orbit Semiconductor and Vice President Worldwide Sales of Pericom Semiconductor.
"We are very pleased to have a sales executive of Glen's caliber join the MathStar team," said Doug Pihl, Chief Executive Officer. "His extensive semiconductor sales experience will enable us to scale both our sales team and our customer base in the next few years. MathStar now has the management team to establish the Field Programmable Object Array as the next generation of programmable logic." Mr. Wiley will assume his new role on January 9, 2006.
About MathStar
MathStar designs, develops and markets a new class of semiconductor integrated circuit it calls Field Programmable Object Arrays, or FPOAs. MathStar is headquartered in Minnetonka, Minnesota, with a facility in Hillsboro, Oregon.
Forward-Looking Statements
Statements in this press release, other than historical information, may be "forward-looking" in nature within the meaning of Section 21E the Private Securities Litigation Reform Act of 1995 and are subject to various risks, uncertainties and assumptions. These statements are based on management's current expectations, estimates and projections about MathStar and its industry and include, but are not limited to, MathStar's need for and the availability of future financing, the timing and market acceptance of its product introductions, the quality of its FPOAs, MathStar's ability to develop effective design tools, its reliance on third-party contractors, competition, MathStar's ability to protect its intellectual property, its reliance on contracts and relationships with the United States government, its reliance on existing management, the demands of becoming a publicly-held company, MathStar's ability to address the material weaknesses in its internal controls on a timely basis, and the other factors disclosed in MathStar's filings with the U.S. Securities and Exchange Commission. MathStar undertakes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
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