SANTA CLARA, Calif., June 29 /PRNewswire-FirstCall/ -- DSP Group, Inc. (Nasdaq: DSPG), a worldwide leader in developing and providing solutions for the residential wireless market, announced today that Mr. Inon Beracha is joining the company as Senior Vice President, Manager of the DECT Division, a division which DSP Group believes has substantial growth potentials in the next few years. He will be reporting to the Chief Executive Officer of the company.
Mr. Beracha was a Co-Founder of Ceragon Networks Ltd. where he remained for seven years. In his last position with Ceragon, Mr. Beracha was the company's Chief Operating Officer. Prior to co-founding Ceragon, Mr. Beracha was Vice President of the Electronic Research and Development Department of the Israeli Ministry of Defense (IMOD) where he designed, developed and managed the production of wireless communication systems. He received the IMOD's most prestigious research and development award, the Israeli Defense Award.
Mr. Beracha earned a BSc and MSc degree in Electronic Engineering from the Tel-Aviv University.
"DSP Group is a role model in the high-tech industry: how to turn cutting edge technology into financial achievements. I am honored to join the DSP Group team and excited by the new challenges," said Mr. Beracha.
Eli Ayalon, Chairman & CEO of DSP Group, stated: "We are very pleased to have Inon Beracha as a member of our top management team, his excellent achievements in technology, his experience and proven record as an entrepreneur and manager and his excellent personal skills will have a major contribution to DSP Group's future success."
About DSP Group
DSP Group, Inc. is a fabless semiconductor company that is a worldwide leader in the short-range wireless market. By combining its DSP core technology with advanced RF CMOS, communication technology, video technology and speech-processing algorithms, DSP Group develops and provides a wide portfolio of short-range communication solutions, which are utilized for residential, SOHO, SME, enterprise and automotive applications. DSP Group solutions include digital 900MHz, 2.4GHz, DECT (1.9GHz), 5.8GHz and Bluetooth for voice, data and video communication as well as solutions for DVRs (Digital Voice Recorders) and MP3 applications. DSP Group also develops and markets embedded, integrated silicon/software solutions 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 Devices (IAD) and IP phones. More information about DSP Group is available at www.dspg.com.
This press release contains statements that may constitute "forward- looking statements" under the Private Securities Litigation Reform Act of 1995, including statements about the growth potential of DSP Group's DECT division and Mr. Beracha's potential contributions to the company. These statements are based on current expectations and DSP Group assumes no obligation to update this information. 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. For a discussion of various risk factors, see DSP Group's report on Form 10-Q for the quarter ended March 31, 2004, which has been filed with the SEC and is also available on the company's website (www.dspg.com) under Investor Relations.
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President of US Operations
DSP Group, Inc.
CONTACT: Yaniv Arieli, President of US Operations Investor Relations of DSP Group, Inc., +1-408-986-4423, or fax, +1-408-986-4442, or email@example.com
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