Experienced Semiconductor Executive Will Drive Intellon's Continued Global Leadership in Powerline Communications Integrated Circuits
OCALA, FL - August 14, 2006 - Intellon Corporation, the leading global provider of integrated circuits (ICs) for powerline communications, announced that Rick E. Furtney has been named President and Chief Operating Officer of the company. Furtney will oversee sales, marketing, business development, engineering, research and development and operations for the rapidly growing semiconductor company. He will report to Charlie Harris, who will continue his role as Chairman and Chief Executive Officer.
Furtney has 23 years of experience in the semiconductor industry with a history of driving customer -focused market strategy and rapid, profitable growth. He joins Intellon from International Rectifier, where he was Vice President, High Reliability Products. Earlier, he served as Vice President and General Manager of Analog Products at Intersil Corporation. Furtney holds a BS in Electrical Engineering from the University of Illinois and a MBA in Management from Florida Institute of Technology.
"Rick is the right person at the right time to manage Intellon's explosive growth," said Harris. "He has been where we are going, and he understands what it takes to deliver market -leading products in high volumes on a global scale."
"Intellon is one of the most exciting companies in the semiconductor space," said Furtney. "With more than 12 million powerline ICs shipped to date and sales growing at a rapid pace, Intellon has established itself as the global leader in powerline technology, IC sales and product enablement. I am delighted to be joining the talented Intellon team as the company ramps volume production of the world's first powerline IC based on the HomePlug® AV standard."
Intellon's market -proven HomePlug ICs are deployed worldwide by dozens of OEMs, ODMs and service providers for applications such as in -home data networking, WiFi and Ethernet extension, IPTV in -home distribution, audio streaming, online gaming and Broadband over Powerline (BPL). Consumer products using Intellon's HomePlug ICs are available at major retailers. More than 20 cable, telecom, satellite and Wi -Max providers in Asia, Europe and North America are using Intellon -based products to install broadband modems and accelerate deployment of home networking and IPTV services. Intellon's new HomePlug AV -based IC allows consumers and service providers to distribute high definition video and audio over existing in -home electrical wires, ushering in a whole new era of user -friendly entertainment connectivity.
About Intellon Corporation:
Intellon is the world leader in powerline communications, providing HomePlug compliant and other powerline integrated circuits for home networking, networked entertainment, BPL access and commercial applications. Intellon created and patented the baseline technology for HomePlug 1.0, and is a major contributor to the baseline technology for the new HomePlug AV powerline standard. With more than six million HomePlug ICs sold, Intellon holds the dominant market share of the rapidly growing HomePlug market. The company was founded in 1989 and is headquartered in Ocala, Florida, with offices in San Jose and Toronto. For additional information, visit www.intellon.com.
About the HomePlug Powerline Alliance:
Founded in 2000 and backed over 65 members worldwide, the HomePlug Powerline Alliance, Inc. is the leading open -standards organization developing global interoperable powerline communications specifications. HomePlug sponsor companies include Comcast, EarthLink, GE Security, Inc., an affiliate of General Electric Co., Intel Corporation, Linksys, a division of Cisco Systems, Inc., Motorola, RadioShack Corporation, Samsung, Sharp Laboratories of America, and Sony. For additional information, please visit www.homeplug.org.
Intellon is a registered trademark of Intellon Corporation. HomePlug is a registered trademark of the HomePlug Powerline Alliance, Inc. All other trademarks mentioned are the property of their respective owners.
# # #