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LAKELAND , Fla. , April 18 -- Solicore, Inc., a leading provider of embedded power solutions, announces Mark Allen, former CEO of Transmeta, joins the Company's Board of Directors as an independent Director.
"Mark brings a wealth of knowledge and a rich set of experiences that can help our organization as we bring leading-edge embedded power solutions to market and scale our manufacturing operations. Mark's particular expertise in bringing high-volume, high-performance product to market will complement our existing Board and the Company," said Dave Corey, Solicore's CEO.
Mr. Allen has more than 27 years of experience in successfully managing operations for leading technology manufacturing companies, including positions at Transmeta, NVIDIA, C-Cube Microsystems and Cypress Semiconductor. He was President and then CEO of Transmeta from 2000 to late 2001. Prior to joining Transmeta, he ran operations for NVIDIA, where through his efforts NVIDIA was able to scale their manufacturing to meet ever-increasing demand. Before NVIDIA, he was Senior Vice President Manufacturing at C-Cube, and prior to that he was Vice President Worldwide Manufacturing for Cypress Semiconductor.
"Solicore has an extraordinary solution for embedded power systems; the Company's truly solid-state, high power density offering is unique in the marketplace. The Company's capital efficient manufacturing capability is enabling the Company to scale as its market continues to grow," said Mark Allen.
Mr. Allen brings the total number of Board members to six. In addition to Mr. Allen, Solicore's other Board members are Dave Corey, CEO, Solicore, Inc.; William Lese, Managing Director at Braemar Energy Ventures; Raj Atluru, Managing Director, Draper Fisher Jurvetson Venture Capital; Scott MacDonald, Investment Director at SAM Private Equity; and Ben Terk, Partner with RhoVentures.Solicore develops, manufactures, and markets ultra-thin flexible lithium polymer batteries under its Flexion brand that serve the smart card, RFID and medical device markets. Our patented solid-state electrolyte has helped create an enabling battery technology that now provides portable power solutions for battery operated products that were not conceivable until recently. Solicore’s Flexion lines of primary and secondary lithium polymer batteries are ultra-thin, flexible, safe, and environmentally friendly. Flexion batteries operate over a wide temperature range and are ideal for high temperature manufacturing such as the hot lamination process used in producing most credit cards and smart cards. Solicore's headquarters, R&D and manufacturing facilities are located in Lakeland, Florida. For more information, visit www.flexion.com or www.solicore.com.
This press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause Solicore, Inc's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. Solicore, Inc. assumes no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the battery industry, and changes in domestic and international market conditions, and foreign exchange rates.
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