Arkle Res Regulatory News (ARK)

2 Apr 2007 07:04

Arc International PLC02 April 2007 Media Contact:Lee Garvin FlanaginARC International+1 408 437 3433lee.flanagin@arc.com ARC Announces Strategic Organizational Changes: Appoints Meyer to COO, Establishes "Office of the CTO" ELSTREE, England, April 2, 2007 - ARC International (LSE: ARK) today announced aseries of organizational changes that reflect the company's rapid growth andevolution as the premier provider of media subsystems and configurable cores forhigh-growth embedded markets. ARC International also announced today theacquisition of Teja Technologies, Inc, the industry's leader in heterogeneousmulti-processor software solutions. See related news release dated April 2,2007 for more details. Derek Meyer has been appointed to Chief Operating Officer. Formerly Senior VicePresident of Sales and Marketing, Meyer's new role expands to include worldwideengineering activities as well as ARC's technology initiatives. Executivesreporting to Meyer include Paul Holt, who assumes the newly created role of VicePresident of Product Development and Services, and David Doyle who will take therole of Vice President of Worldwide Field Operations. ARC also has created an "Office of the CTO" (Chief Technology Officer) thatincludes: • Dr. Akash Deshpande, the CTO and founder of Teja Technologies and aformer professor at the University of California, Berkeley, • Dr. Tom Pennello, the CTO and co-founder MetaWare, ARC's technicaldirector of software technology, and a former professor at the University ofCalifornia, Santa Cruz, • Dr. Nigel Topham, ARC's chief architect, and the chair of ComputerSystems and director of the Institute for Computing Systems Architecture at theUniversity of Edinburgh. Dr. Deshpande, Dr. Pennello, and Dr. Topham report to Meyer. The group'scharter is to advance ARC's technology leadership and innovation in the areas ofconfigurability, multicore architecture and software platforms. Commenting on the new organization, Carl Schlachte, ARC's president and CEO,said, "Fundamental to achieving continued growth in ARC's lines of business is acomprehensive focus on customer service, technology and product development, andquality. These changes reflect management's ongoing efforts to achieve thesegoals as well as recognize the significant accomplishments of key members ofARC's senior leadership team. In particular, Derek's appointment to COO isrecognition of the instrumental role he played in helping craft and execute ourcurrent strategy that has revitalized and enhanced ARC's presence worldwide, andachieved record high revenues in 2006. Also, I am pleased to welcome Akash toARC and to the newly formed Office of the CTO. Akash, Tom, Nigel and theircolleagues will play important roles in building ARC's technical leadershipthroughout the worldwide semiconductor industry." # # # About ARC International plc ARC International is the world leader in configurable subsystems and CPU/DSPprocessors that are used by semiconductor companies worldwide to createsystem-on-chip (SoC) designs that provide a strategic competitive advantage.ARC's patented configurable products are smaller, consume less power, are lessexpensive to manufacture, and provide a higher degree of differentiation overwhat can be created using "fixed architecture" core alternatives. ARC International maintains a worldwide presence with corporate and research anddevelopment offices in California and Elstree, UK. For more information visitwww.ARC.com. ARC International is listed on the London Stock Exchange as ARCInternational plc (LSE: ARK). ARC and the ARC logo are trademarks or registered trademarks of ARCInternational. All other brands or product names contained herein are theproperty of their respective owners. This press release may contain certain"forward-looking statements" that involve risks and uncertainties, including thedevelopment, implementation, and release of features described herein. Theseare at the sole discretion of ARC International. Licenses from 3rd parties forcertain software and essential patents may be required depending on licensee'suse/implementation. For other factors that could cause actual results to differ,visit the company's Website as well as the listing particulars filed with theUnited Kingdom Listing Authority and the Registrar of Companies in England andWales. This information is provided by RNS The company news service from the London Stock Exchange