SANTA CLARA, Calif., July 15 /PRNewswire-FirstCall/ -- DSP Group, Inc. (Nasdaq: DSPG), a worldwide leader in developing and providing solutions for the residential wireless market, announced today the appointment of Eli Fogel as Senior VP and Chief Technology Officer. Eli Fogel has more than 20 years of global research and development experience in the high tech industry with leading technology companies.
"We are very pleased to add Eli Fogel to our senior management team," said Eli Ayalon, DSP Group's CEO and Chairman of the Board. "Eli Fogel has an impressive professional background, bringing to the Company years of experience in top research and development and academic positions. We are confident that with the addition of Eli Fogel to the Company during this period of success, the Company's universe of technologies will expand and as a result the Company will continue to show further growth and profitability.
Eli Fogel's most recent position was CTO of Intel's cellular communication division (CCD), and prior to that he served as Senior VP of engineering and CTO of DSP Communications. Eli Fogel was also involved in academic research and teaching at MIT, the University of Notre Dame and the University of Tel Aviv, and holds a Ph.D and M.S.c. in electrical engineering from Colorado State University and a B.S.c. from the Technion, Israel Institute of Technology.
About DSP Group, Inc.
DSP Group, Inc. is a fabless semiconductor company that is a leader in the short-range wireless market. By combining its DSP cores technology with advanced RF, communication technology and speech-processing algorithms, DSP Group is a worldwide leader in developing and providing short-range communication applications that include digital 900MHz, 2.4GHz, DECT (1.9GHz), 5.8GHz and Bluetooth for voice and data communication in residential, SOHO, SME, enterprise and automotive applications. DSP Group's products include advanced RF CMOS and communications technology. DSP Group also develops and markets embedded, integrated silicon/software solution for Voice-over-Digital-Subscriber Line (VoDSL) and Voice-over-Internet-Protocol (VoIP) applications, as well as other Voice-over-Packet applications for Integrated Access Device (IAD) and IP phone. More information about DSP Group is available at www.dspg.com.
This press release may contain statements that qualify as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including statements made by Mr. Ayalon relating to the future success and expansion of the company's universe of technologies and to the continuous growth and profitability of the company, as well as to the contribution of Eli Fogel to the company, its technologies and its business. These forward-looking statements are based on current expectations and DSP Group assumes no obligation to update this information. In addition, the events described in these forward-looking statements may not actually arise. DSP Group's actual results could differ materially from those described in this press release as a result of various factors, including, the acceptance by customers of DSP Group's products, DSP Group's ability to differentiate its products from those of its competitors in the same market and the general market demand for products that incorporate DSP Group's technology in the market. These factors and other factors which may effect future operating results or DSP Group's stock price are discussed under "RISK FACTORS" in the Form 10-K for the year ended December 31, 2002, as well as other report, including Form 10-Qs, DSP Group has filed with the Securities and Exchange Commission and which are available on DSP Group's Web site (www.dspg.com) under Investor Relations.
CONTACT: Yaniv Arieli, President of US Operations of Investor Relations of DSP Group Inc., +1-408-986-4423, or firstname.lastname@example.org.