Teranetics Names CEO

SANTA CLARA, Calif. -- Teranetics Inc., a privately held company that provides next-generation, standards-based 10-gigabit Ethernet (10GbE) copper channel semiconductor solutions, today announced that Matt Rhodes has been appointed chief executive officer. Company founder, Sanjay Kasturia, was named chief technical officer.

Prior to joining Teranetics, Rhodes was president of Conexant Systems, Inc. (Nasdaq: CNXT), a publicly traded worldwide leader in semiconductor solutions for broadband communications and the digital home.

"We're delighted that Matt chose to join Teranetics," said Irwin Federman, a lead investor and member of the Teranetics board of directors. "He brings a wealth of industry experience to his new role, and he is intimately familiar with what is required to deliver next-generation semiconductor technologies and solutions to market. I am confident that Matt will successfully lead Teranetics into its next phase of growth."

"Teranetics is an outstanding company, and I'm excited about being the newest member of a world-class team," Rhodes said. "In a relatively short time, the company has firmly established itself as the pioneer and leader in 10-gigabit Ethernet, an emerging technology that enables a 10x increase in data rates over simple twisted pair copper. The Teranetics team played key roles in the committee that developed the IEEE 10GBASE-T Ethernet standard ratified in June, and is now demonstrating standards-based solutions to key customers worldwide."

"Under Matt's leadership, Teranetics will achieve the next level of success," said Sanjay Kasturia. "With Matt on board, we now have a team that has both the technical knowledge and business experience to take our state of the art technologies to market winning product positions."

Teranetics Inc.