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Employment

Tundra Names CFO

OTTAWA -- Tundra Semiconductor Corporation (TSX:TUN), the world leader in System Interconnect, today announced that David Long has joined the Company as Vice President of Finance and Chief Financial Officer, effective immediately. Mr. Long is responsible for leading the Company's global financial operations, reporting requirements, and shareholder communications.

Mr. Long previously held the position of Vice President of Finance at Cognos Incorporated, a world leader in enterprise software with annual revenues of over $800M USD. Mr. Long's proven track record in successful senior level financial roles positions him well to add significant value to Tundra. Mr. Long started his career at Nortel Networks where he held several progressively responsible financial roles in Canada and the United States over a 14-year period.

"The addition of David to our leadership team is another important step toward achieving our goals. Tundra's growth plan through both innovation and key acquisitions will be enhanced with David in the Chief Financial Officer role. David's experience managing finance for large multi-national, complex organizations, will serve Tundra well as we navigate through the next stage of our business," said Jim Roche, President and Chief Executive Officer, Tundra.

"Tundra's business plan and growth strategy demonstrate that the Company is committed to maintaining its leadership position in the global System Interconnect industry. The market opportunity for Tundra's products continues to increase and Tundra is well positioned for growth in this market. I have enthusiastically accepted this position and look forward to the opportunity to help Tundra realize its business goals," said David Long, Chief Financial Officer, Tundra.

Tundra Semiconductor Corp. (Toronto: TUN)

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