SAN DIEGO, Aug. 27, 2012 (GLOBE NEWSWIRE) -- Entropic Communications, Inc. (Nasdaq:ENTR), a world leader in semiconductor solutions for the connected home, today announced the appointment of Vahid Manian as senior vice president of Global Operations, effective immediately. Manian will lead Entropic's technical and supply management operations, worldwide. He will be based out of Entropic's San Diego, Calif. headquarters, and will report directly to Patrick Henry, Entropic's president and CEO.
A seasoned semiconductor executive with more than 25-years of proven operations, business and technology experience, Manian will be responsible for manufacturing operations, product and test engineering, corporate quality and strategic operations outsourcing.
"Vahid's operations and technical expertise will ensure Entropic continues the advancement of our operations strategies to scale with the global growth of our organization," said Patrick Henry, president and CEO, Entropic Communications. "Entropic will greatly benefit from Vahid's ability to align a global strategy with customer needs and corporate quality from providing cost reduction and long range capacity planning to the timely delivery associated with new technology and product platform introductions."
Manian brings to Entropic an exceptional track record for driving results in product quality and cost reduction. Prior to Entropic, he was responsible for all operations activity at Telegent Systems, a leading supplier of silicon solutions for mobile TV application, later acquired by Spreadtrum Communication, a Shanghai-based semiconductor company. During his tenure with Telegent, Manian instituted stringent cost reduction programs, which resulted in lowering product costs by more than 25-percent in less than six months. Before Telegent, Manian served as senior vice president of global manufacturing operations at Broadcom Corporation, where he oversaw the Company's operations and manufacturing activities including foundry operations and process technology direction. Manian joined Broadcom in January 1996, and established the operations strategy, which helped grow the Company from a start-up to a multi-billion dollar organization leveraging best-in-class delivery and inventory management systems.
"Entropic has reached an inflection point in its growth cycle – achieved through recent acquisitions and an evolving connected home market," said Manian. "These dynamics created a need to inject greater efficiency into the Company's manufacturing and operations processes and a role that will strongly leverage my experience to drive a culture of execution, accountability and innovation."
Manian previously served on the Board of Directors, and was elected vice chairman, of the Global Semiconductor Alliance (GSA), which is focused on accelerating the growth and increasing the return on invested capital for the global semiconductor industry.
About Entropic Communications
Entropic Communications, Inc. (Nasdaq:ENTR) is a leading global provider of silicon and software solutions to enable connected home entertainment. The Company transforms how traditional HDTV broadcast and streaming video content is seamlessly, reliably, and securely delivered, processed, and distributed into and throughout the home. Entropic's next-generation home connectivity and set-top box system-on-a-chip (SoC) solutions enable Pay-TV service providers to offer consumers a more captivating whole-home entertainment experience by delivering new, high-performing ways to connect, engage, and enjoy multimedia content. For more information, visit Entropic at: www.entropic.com.
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Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding Manian's expertise and expected future contributions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause Entropic's actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, Entropic's dependence on key personnel and its ability to hire and retain experienced management personnel; the risk that the market for high-definition television-quality video and multimedia content delivery solutions may not develop as anticipated; and other factors discussed in the "Risk Factors" section of Entropic's Annual Report on Form 10-Q for the three months ended June 30, 2012. All forward-looking statements are qualified in their entirety by this cautionary statement. Entropic is providing this information as of the date of this release and does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
Copyright © 2012 Entropic Communications, Inc. All rights reserved. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners.
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