BERKELEY, Calif.--(BUSINESS WIRE)--Jan. 23, 2006--UPEK, Inc., the leading supplier of biometric fingerprint security solutions, today announced that it has elected H. Raymond (Ray) Bingham to its Board of Directors, effective immediately.
In addition to the operational and executive management experience Mr. Bingham will bring to the board of UPEK, he will serve as the independent financial expert and Chairman of the company's Audit Committee.
Mr. Bingham was Executive Chairman of the Board of Directors of Cadence Design Systems Inc., a leading supplier of electronic design automation software and services, from May 2004 to July 2005 and served as a director of Cadence from November 1997 to July 2005. Prior to being Executive Chairman, he served as President and Chief Executive Officer of Cadence from April 1999 to May 2004, and as Executive Vice President and Chief Financial Officer from April 1993 to April 1999. Mr. Bingham also serves as a Director for Oracle Corporation, KLA Tencor Corporation, Freescale Semiconductor Inc., and Flextronics Corporation.
"I am delighted to have Ray join our Board," said Alan Kramer, UPEK's President and CEO. "Beyond the unparalleled combination of financial experience and a global business perspective Ray brings with him, he has a unique understanding of both the semiconductor and software businesses which is an outstanding fit for the silicon-based biometric solutions which UPEK has pioneered. The board and I look forward to leveraging Ray's guidance and perspective at a time when the company is moving into its next significant stage of growth."
"UPEK has a solid business model, has demonstrated significant traction in the marketplace, and has an experienced management team with which to execute," Bingham noted. "I am excited to be joining its Board at this time, and look forward to helping lead the company forward."
About UPEK
UPEK, Inc., the global leader in biometric fingerprint security solutions, offers integrated end-to-end solutions including comprehensive design & integration services to the world's leading consumer and industrial products companies. UPEK solutions enable the strongest fingerprint authentication security available, packaged for high user convenience and rapid integration into existing products and network architectures. The company has been pioneering biometric fingerprint technology since 1996 and shipping product in volume since 1999. UPEK is headquartered near Berkeley, California, with offices in Prague, Singapore, Taipei and Tokyo. For more information, please visit www.upek.com.
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CONTACT: UPEK Ron May, 510-420-2629 Fax: 510-420-2699 [email protected] or Citigate Cunningham Eileen Stanley Conway, 415-618-8710 [email protected] KEYWORD: CALIFORNIAINDUSTRY KEYWORD: HARDWARE TELECOMMUNICATIONS SOFTWARE NETWORKING MANAGEMENT CHANGESSOURCE: UPEK, Inc.
