|By Marketwired .||
|June 16, 2014 06:27 PM EDT||
MILPITAS, CA -- (Marketwired) -- 06/16/14 -- Sigma Designs®, Inc. (NASDAQ: SIGM), a leader in connected media platforms, today announced that it has appointed Tor R. Braham to serve as a member of the Board of Directors.
Prior to joining Sigma, Mr. Braham served as Managing Director and Global Head, Technology, Mergers and Acquisitions for Deutsche Bank Securities, an international financial service group, from 2004 until 2012. From 2000 to 2004, he served as Managing Director and Co-head, West Coast U.S. Technology, Mergers and Acquisitions for Credit Suisse First Boston, an international financial services group. Prior to that, Mr. Braham was an investment banker with UBS Securities and a lawyer at a prominent Silicon Valley law firm. Mr. Braham earned a B.A. degree from Columbia College and a J.D. degree from New York University School of Law. Mr. Braham currently serves as a member of the Board of Directors at NetApp, Inc.
"We are very excited to have Tor join our Board of Directors. We will benefit from his extensive financial expertise as well as his knowledge of the technology industry. Tor has been advising technology companies on strategy and corporate development for over thirty years, and we are excited to have his level of experience and insight on our Board," said Thinh Tran, Sigma's President and Chief Executive Officer.
"I am delighted to join the Board of Directors of Sigma Designs," said Mr. Braham. "Sigma has always been an innovative company with exciting technology and a worldwide footprint of customers. I believe I can help Sigma as it continues to focus on growing revenues in a profitable manner."
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about continuing to focus on growing revenues in a profitable manner. Actual results may vary materially due to a number of factors including, but not limited to, general economic conditions, the ability to recognize the anticipated savings from our restructuring efforts, the rate of growth of the Set-Top Box, home networking, digital TV, and home control and energy management markets in general, the ramp in demand from Sigma's set-top box, television and telecommunication customers, Sigma's ability to deploy and achieve market acceptance for Sigma products, and the risk that such products will not gain widespread acceptance, or will be rendered obsolete, by product offerings of competitors or by alternative technologies, and other risks detailed from time to time in Sigma's SEC reports, including Sigma's report on Form 10-Q as filed with the SEC on June 11, 2014. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Sigma undertakes no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About Sigma Designs, Inc.
Sigma Designs, Inc. (NASDAQ: SIGM) is a leader in connected media platforms. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, connected televisions, connected media players, residential gateways, home control systems and more. For more information about Sigma Designs, please visit www.sigmadesigns.com.
Investor Relations Contact:
Chief Financial Officer
Sigma Designs, Inc.
Tel: (408) 957-9847