SST Appoints Arthur O. Whipple as Chief Financial Officer21 October 2005
SST (Silicon Storage
Technology, Inc.) (Nasdaq: SSTI), a leader in flash memory technology, today
announced that it has appointed Arthur O. Whipple as chief financial officer,
effective Jan. 1, 2006. Whipple, currently SST's corporate controller, will
replace Jack K. Lai, who will become SST's vice president of administration
and corporate development.
"We are pleased to promote Art to chief financial officer," said Bing Yeh,
chief executive officer. "Art has a strong financial background and extensive
public company experience. Since joining the company as corporate controller
in March, he has been an integral part of our finance team. We believe this
will be a natural transition and look forward to utilizing his expertise in
this new role."
"As vice president of administration and corporate development, Jack will
focus on global planning," said Yeh. "He will oversee the implementation of
corporate policies worldwide to ensure consistency throughout our
organization. Jack has made significant contributions to SST in the last two
years and we believe that this new role will leverage his talents well and
allow SST to maintain strict controls as we continue to expand our interests
globally."
Arthur O. Whipple has served as SST's corporate controller since March
2005. Prior to joining SST, Whipple was employed by QuickLogic Corp., a
fabless manufacturer of field programmable logic products and embedded
standard products, initially as its vice president of finance, chief financial
officer and secretary and later as vice president and general manager of its
logic products business unit. In 2004 and 2005, Whipple also served as a
financial consultant to Technovus, Inc., a privately-held fabless
semiconductor manufacturer. From April 1994 to April 1998, Whipple served as
vice president of engineering for ILC Technology, a manufacturer of high
performance lighting products, and also as vice president of finance and
operations by its subsidiary, Precision Lamp, a manufacturer of high-
performance lighting products. From February 1990 to April 1994, Whipple was
president of Aqua Design Inc., a privately-held provider of water treatment
services and equipment. Whipple holds a B.S.E.E. from the University of
Washington and an M.B.A. from Santa Clara University.
About Silicon Storage Technology, Inc.
Headquartered in Sunnyvale, California, SST designs, manufactures and
markets a diversified range of nonvolatile memory solutions, based on
proprietary, patented NOR type SuperFlash technology, for high volume
applications in the digital consumer, networking, wireless communications and
Internet computing markets. SST's product families include various densities
of high functionality flash memory components, flash mass storage products and
flash microcontrollers. SST also offers its SuperFlash technology for
embedded applications through its broad network of world-class manufacturing
partners and technology licensees, including TSMC, which offers it under its
trademark Emb-FLASH. Further information on SST can be found on the company's
Web site at http://www.sst.com .
Forward-Looking Statements
Except for the historical information contained herein, this news release
contains forward-looking statements regarding flash memory market conditions,
the company's future financial performance, the performance of new products
and the company's ability to bring new products to market that involve risks
and uncertainties. These risks may include timely development, acceptance and
pricing of new products, the terms and conditions associated with licensees'
royalty payments, the impact of competitive products and pricing, and general
economic conditions as they affect the company's customers, as well as other
risks detailed from time to time in the company's SEC reports, including the
Annual Report on Form 10-K for the year ended December 31, 2004 and on Form
10-Q for the quarters ended March 31, and June 30, 2005.
For more information about SST and the company's comprehensive list of
product offerings, please call 888-SST-CHIP. Information can also be
requested via email to literature@sst.com or through SST's Web site at
http://www.sst.com . SST's head office is located at 1171 Sonora Court,
Sunnyvale, Calif.; telephone: 408-735-9110; fax: 408-735-9036.
NOTE: The SST logo and SuperFlash are registered trademarks of Silicon
Storage Technology, Inc. Emb-FLASH is a trademark of TSMC. All other
trademarks or registered trademarks are the property of their respective
holders.
Contact: Leslie Green of Stapleton Communications Inc., +1-650-470-0200,
for SST; or Jack K. Lai, Vice President & Chief Financial Officer of Silicon
Storage Technology, Inc., +1-408-735-9110, or jlai@sst.com.
Source: PR Newswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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