MARKHAM, Ontario, Feb. 6, 2007 (PRIME NEWSWIRE) -- Perfisans Holdings Inc. (OTCBB:PFNH), a next-generation semiconductor designer focused on the burgeoning Gigabit Ethernet and Wireless Broadband Access (WBA) markets, announced today that it has appointed Mr. Lih-Sheng Chiou, the CEO of Tanxia Systems, the Silicon Valley mid-range secured grid-storage provider, as the lead corporate advisor for the Company.
The appointment of Mr. Lih-Sheng Chiou expands the reach of Perfisans' business relationships within Silicon Valley and serves to bolster the Company's Silicon Valley presence. "With Perfisans strategic focus shifting from technology-research and development to business development focused, Mr. Chiou's appointment helps better position Perfisans to gain industry exposure and greater traction within the Gigabit-Ethernet and Wireless Broadband Access (WBA) markets," said Mr. Bok Wong, CEO of Perfisans.
Mr. Chiou is currently the President and CEO of the high-tech Silicon Valley company, Tanxia Systems, Inc., and has more than 25 years of management experience in the telecommunications, networking, and computer technology industry. Tanxia Systems develops and markets mid-range secured grid-storage systems. Prior to building out Tanxia Systems' market share and presence, Mr. Chiou founded MaXXan (www.maxxan.com), a carrier-class SAN switch company, where he also served as President, CEO, and Chairman of corporate development. Mr. Chiou built the team that is credited with bringing a revolutionary new intelligent storage switch to market. This new innovative switch provides customers with reliable, scalable, and managed storage applications equipment, as well as high performance switch platforms for the mid to high-end range enterprise computing environment.
Before founding MaXXan in the year 2000, Mr. Chiou held project management and architect positions with established enterprises including Brocade (as Project Manager), Symmetry (as Chief Architect), and SS8 (System Architect Consultant). In addition, he has a polished history of working with emerging and turnaround companies and has helped bring increased growth and profitability through the strength of new ideas and the experience of past success. Mr. Chiou was instrumental in helping to bring both increased growth and profitability to domestic and international corporate operations, engineering, sales, marketing, and support organizations within each company he has been involved with.
Lih-Sheng Chiou earned his Master of Science in Electrical Engineering from Clemson University.
About Perfisans Holdings, Inc.
Perfisans Holdings (www.perfisans.com) was founded in 2001 and is headquartered in the high-tech zone of Markham, Ontario, Canada, where companies such as AMD (www.amd.com), IBM (www.ibm.com), and Motorola (www.motorola.com) are located.
Perfisans is a fabless semiconductor company focused on developing leading edge, cost-effective, system-on-chip (SOC) integrated circuits (IC), and delivers innovative solutions that address the performance needs of next generation network interface systems. Rapidly being recognized and endorsed by industry leaders for its innovative ASIC architectures, the Company's technologies have applications in data-telecommunication, storage networks, content delivery networks, broadband networks, rich streaming media, broadband wireless and wireless surveillance applications. Commercial and private network systems that utilize Perfisans' products reward their operators with significantly faster network data throughput speeds and increased day-to-day operating efficiencies, all of which help to enhanced their client's bottom line. By avoiding the necessity for operators to buy expensive and/or additional equipment, enterprise operators welcome Perfisans' full standards compliance and backward compatibility, making significant systems performance upgrades to existing network systems at very low cost possible. More information can be obtained from the Company's web site at www.perfisans.com.
Forward Looking Statement
This press release contains statements relating to future results of Perfisans (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; our ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Perfisans' Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.