Image Sensor Innovator InVisage Names Syrus Madavi as Chairman of the Board

MENLO PARK, CA--(Marketwire - Jun 25, 2012) - InVisage Inc., a Silicon Valley-based startup revolutionizing the imaging world, today announced that it has named industry veteran Syrus P. Madavi as chairman of the board. Madavi brings over 25 years of leadership and experience managing businesses in the semiconductor and optical communication markets.

"We're very excited to welcome Syrus to the team. We are honored to be able to work with him and benefit from his in-depth knowledge of the semiconductor industry and his extensive operational experience as we continue to build our worldwide momentum," said Jess Lee, CEO of InVisage.

"QuantumFilm is truly a remarkable achievement -- a revolutionary technological leap forward that I am sure will have a lasting impact on how we capture images and video," said Madavi. "I'm joining InVisage at a very exciting time, and I'm looking forward to helping the company extend its reach with its groundbreaking products."

In addition to his position as chairman of InVisage, Madavi is president of SPM Capital, a private fund focused on disruptive businesses within semiconductor, digital consumer and clean energy markets. Madavi's career has encompassed managing a number of public and private businesses including serving as chairman, president and CEO of Burr-Brown Corporation; president, chief operating officer, and director of JDS Uniphase; senior vice president of Texas Instruments; president of Raytheon Semiconductor; and founder and president of Signal Processing Technologies.

Madavi has also served on boards of several public and private companies including Burr-Brown Corp., JDS Uniphase, ON Semiconductor, Centilium Communications, Metalink Inc, and Coreoptics. Currently, he serves as chairman of Akros Silicon, Inc. and is a member of the board of directors of Exalt Communications.

Madavi holds a B.S. in Electrical Engineering and an MS in Computer Science, both from Stevens Institute of Technology. He also earned an MBA degree in Finance from UCLA Anderson School of Management.

About InVisage Technologies, Inc.
InVisage Technologies, Inc. is a venture-backed, fabless semiconductor company based in Menlo Park, California. InVisage's award-winning QuantumFilm™ technology is a breakthrough digital image sensor that utilizes a quantum-dot based material to enable unprecedented light capture efficiency. The result is stunning, professional-quality digital photographs from tiny form factors, such as cameraphones. Founded in 2006, InVisage Technologies is venture funded by RockPort Capital, Intel Capital, InterWest Partners, OnPoint Technologies and Charles River Ventures. More information is available at www.invisage.com.