Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon and software solutions to enable connected home entertainment, today announced that Dr. Tom Lookabaugh has joined the company as its Chief Technology Officer. SAN DIEGO, July 1, 2009 — Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon and software solutions to enable connected home entertainment, today announced that Dr. Tom Lookabaugh has joined the company as its Chief Technology Officer. Lookabaugh joins Entropic as a seasoned executive with more than 20 years experience in developing communications technology solutions for satellite, cable, telco and broadcast industries. As CTO, Lookabaugh will define and drive the company’s technology and advanced architectures roadmap and will support the company’s business strategy.
Prior to Entropic, Lookabaugh held a variety of executive positions including CEO at PolyCipher, a cable industry joint venture owned by Comcast, Time Warner Cable and Cox Communications where he led development of new cryptography and security systems for the US cable industry. Prior to PolyCipher, Lookabaugh was faculty director for the Interdisciplinary Telecommunications Program and on the faculty of the Computer Science Department at the University of Colorado, president of the Convergent Systems division for Harmonic as well as president of the DiviCom division of C-Cube Microsystems. Lookabaugh has been at the forefront of technology development related to video communication, telecommunications and networking technology throughout his career.
"Tom has the experience and expertise to guide Entropic in delivering our silicon solutions today, and into the future,” said Patrick Henry, president and CEO of Entropic. “His unique mix as technology visionary, innovator, evangelist, architect and educator will bring the right perspective as we continue to lead the charge toward ubiquitous home entertainment connectivity.”
Lookabaugh holds a doctorate in Electrical Engineering and three master’s degrees (Statistics, Engineering Management and Electrical Engineering) from Stanford University and a bachelor’s degree in Engineering Physics from the Colorado School of Mines.
With Lookabaugh’s appointment as CTO, Dr. Itzhak Gurantz, co-founder, will move into an individual contributor role and will focus on long term technology initiatives for the company.
“Itzhak has been a critical asset for Entropic since its inception and we are delighted that he will continue to be part of our future,” continued Henry. “Itzhak’s deep understanding of the technology landscape and his ability to translate this into innovative solutions, together with Tom’s broad experience, will only serve to strengthen Entropic’s technology footprint and continue to foster a culture of technical leadership and innovation.”
About Entropic Communications
Entropic Communications, Inc. is a leading fabless semiconductor company that designs, develops and markets systems solutions to enable connected home entertainment. The company’s technologies significantly change the way high-definition television-quality video and other multimedia content such as movies, music, games and photos are brought into and delivered throughout the home. For more information, please visit www.entropic.com.
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 Lookabaugh’s experience and expertise and expected future contributions from Lookabaugh and Gurantz. 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 Quarterly Report on Form 10-Q for the three months ended March 31, 2009. 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.
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