LOWELL, Mass., Sept. 6, 2012 (GLOBE NEWSWIRE) -- M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) ("M/A-COM Tech"), a leading supplier of high performance analog semiconductor solutions, today announced that John R. Croteau will be joining M/A-COM Tech as its President, effective October 1, 2012, and will be reporting to Mr. Charles R. Bland, its CEO. As President, Mr. Croteau will assume responsibility for world-wide sales, operations, R&D, marketing and business unit management. Mr. Croteau, 51, joins M/A-COM Tech with nearly 30 years of global semiconductor experience in various operational and management positions. Most recently, he served as senior vice president and general manager of the High Performance RF Business of NXP Semiconductors N.V. (Nasdaq:NXPI), a $300 million portfolio of business lines spanning small signal and power RF devices for wireless infrastructure, ISM and aerospace and defense markets. During his four year leadership of this business unit, its quarterly revenue run rate increased by over 60%. For three of those years, Mr. Croteau also served as senior vice president and general manager of NXP's Power & Lighting business line. Prior to joining NXP, Mr. Croteau held numerous product management positions at Analog Devices, Inc., as general manager and product line director for the company's Convergent Platforms and Services Group as well as the Integrated Audio Group and Computer Segment. Mr.Croteau holds a Bachelor of Science in Engineering Science and Mechanics at Penn State University. M/A-COM Technology Solutions Chairman John Ocampo, commented, "John Croteau's appointment as President of M/A-COM Tech further affirms our company's commitment and ability to attract and recruit top-level executive talent to further improve the execution capability of the company. I believe John's extensive experience in the industry and strong track record of success in growing semiconductor businesses will greatly assist M/A-COM Tech in achieving its objectives and increasing shareholder value."
Mr. Croteau said, "I am excited to be joining M/A-COM Tech's executive leadership team at a pivotal point in the Company's growth and development. The RF and high performance analog markets are complex and rapidly evolving, and I am committed to continuing to focus our efforts in delivering new products that solve our customers' most complex problems. I strongly believe that we can build upon the company's current successes and deliver increased value to our customers, partners and shareholders as we execute on our growth initiatives."ABOUT M/A-COM TECHNOLOGY SOLUTIONS HOLDINGS, INC. M/A-COM Tech ( www.macomtech.com ) is a leading supplier of high performance analog semiconductor solutions for use in radio frequency (RF), microwave, and millimeter wave applications. Recognized for its broad portfolio of products, M/A-COM Tech serves diverse markets including CATV, wireless infrastructure, optical communications, aerospace and defense, automotive, industrial, medical, and mobile devices. M/A-COM Tech builds on more than 60 years of experience designing and manufacturing innovative product solutions for customers worldwide. Headquartered in Lowell, Massachusetts, M/A-COM Tech is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. M/A-COM Tech has design centers and sales offices throughout North America, Europe, Asia and Australia. M/A-COM, M/A-COM Technology Solutions, The First Name in Microwave and the M/A-COM logo are trademarks of M/A-COM Tech. All other trademarks are the property of their respective owners. The M/A-COM Technology Solutions Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12438 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements based on M/A-COM Tech management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, information concerning Mr. Croteau and our objectives and growth initiatives. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or similar expressions and the negatives of those terms.
Forward-looking statements contained in this press release reflect M/A-COM Tech's current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or our actual activities or results to differ materially from those expressed in any forward-looking statement. Although M/A-COM Tech believes that the expectations reflected in the forward-looking statements are reasonable, it cannot and does not guarantee future events, results, actions, levels of activity, performance or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements, including, among others, the potential for continued weakness in our A&D market, lower than expected demand in any of our three primary markets or from any of our large OEM customers, lower than expected absorption in our manufacturing facilities, lack of success or slower than expected success in our new product development efforts, loss of business due to competitive factors, obsolescence, customer program shifts or otherwise, lower than anticipated or slower than expected customer acceptance of our new product introductions, the potential for a shift in the mix of products sold in any period toward lower-margin products or a shift in the geographical mix of our revenues, the impact of any acquisition, divestiture or restructuring activity, the impact of supply shortages or other disruptions in our internal or outsourced supply chain, the relative success of our cost-savings initiatives, the impact of any current or future litigation instituted by or against us, and the impact of any claims of intellectual property infringement or misappropriation, which could required us to pay substantial damages for infringement, expend significant resources in prosecuting or defending such matters or developing non-infringing technology, incur material liability for royalty or license payments, or prevent us from selling certain of our products, as well as those factors described in "Risk Factors" in M/A-COM Tech's filings with the Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2012 as filed with the SEC on August 7, 2012. M/A-COM Tech undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
CONTACT: COMPANY CONTACT: M/A-COM Technology Solutions Holdings, Inc. Conrad Gagnon Chief Financial Officer P: 978-656-2550 E:Conrad.Gagnon@macomtech.com INVESTOR RELATIONS CONTACT: Shelton Group Leanne K. Sievers EVP, Investor Relations P: 949-224-3874 E: firstname.lastname@example.org