NemeriX names Ron Torten as its new CEO

Manno, Switzerland — NemeriX today announces that its Board of Directors named Ron Torten as new CEO. Vincent Mouret, who served as NemeriX’ CEO since 2004 and managed the company's revenue growth and latest fund raising, will continue supporting the company and its investors as senior adviser.

"We found Ron ideally suited to lead NemeriX into the future. His ability to drive operations, grow revenues and increase profitability will be critical in accelerating the execution of NemeriX’ strategy" said Steve Rees, NemeriX’ Chairman. “The board unanimously selected Ron based on his track record of leading a complex organization as well as his strong executive and personal qualities.”

"I am excited to be part of this rapidly growing early stage company with a talented team in a business critical application area " said Torten "Managing the performance of core enterprise applications has a direct impact on productivity, end user experience and ultimately on profitability. Over the last two years NemeriX has built a great product, gained traction in key customer accounts and is now positioned for the next level of business execution."

Before his work at Agilent Technologies, Torten was most recently vice president and general manager for the Networking and Entertainment Division of Agere Systems. Previously, Torten was with Quantum Corporation, where he served in a variety of product marketing and supply chain positions.

Torten holds a BS degree in chemical engineering from the Technion, Israel Institute of Technology, and an MBA from the University of California at Davis.

About NemeriX
Founded in April 2002 in Lugano (Switzerland), NemeriX S.A. is a venture backed fabless semiconductor company specializing in ultra low power RF and baseband chipsets and software for GPS and wireless applications. NemeriX’ devices and system software enables battery-powered location determination anywhere, anytime and facilitates the design and manufacture of truly differentiated products for both consumer and professional markets. For additional information please visit www.nemerix.com

Press contact:
Isabelle Jourdain
Isabelle.jourdain@nemerix.com
Phone : 33 (0)157 639 639

Pictures avaible at :
http://www.ts2c.com/v5/press.php?cat=1&client=20&item=picture

This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.