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Market Wire

Mitrionics Names HPC Industry Veteran Mike Calise as Executive Vice President and U.S. General Manager

Market Wire,  August, 2007  

Mitrionics(TM) Inc., developer of the Mitrion(TM) Software Acceleration Platform and the Mitrion Virtual Processor, today named Mike Calise as executive vice president and head of its U.S. operation. Mr. Calise will be responsible for developing and managing a global sales organization, implementing strategic plans for vertical and horizontal market development, and building industry alliances with leading system vendors, microprocessor, and FPGA manufacturing companies. Mitrionics received $6M in venture capital funding in May 2007 and is utilizing the financing to further enhance its technological and market leadership in FPGA-based accelerated computing by expanding its international sales and support operations and increasing its research and development efforts.

"Mitrionics is very pleased to have Mike Calise join our executive management team at this very important time of our company's growth as we expand our efforts to address numerous market opportunities," stated Anders Dellson CEO of Mitrionics, Inc. "Few executives can equal his experience, successful track record, and achievements in the co-processor acceleration market. We look forward to his contributions working with us to grow the company, meet our business goals, and taking our global operation to the next levels."

"It's exciting to have joined such an innovative software acceleration company. I look forward to contributing my experience and efforts to helping achieve mutual success with their global customers and partners," said Mike Calise, executive vice president and general manager of Mitrionics, Inc. "Mitrionics' leadership in preconfigured and reconfigurable software acceleration solutions really unlocks the potential for a diverse set of world-class accelerated computing platforms."

Mike Calise Background

Prior to joining Mitrionics, Mr. Calise was the president and head of global business development for ClearSpeed Technology, Inc. in San Jose, California, where he was responsible for establishing and running U.S. operations, global business development and sales, and outbound marketing since 2002. He has over twenty years of increasing responsibility and success in technical sales, marketing, and executive management positions with leading companies in the semiconductor and hardware acceleration market segments. During his tenure with ClearSpeed, Calise led the company to a market leadership position which resulted in an initial public offering in 2004 and secondary public offering in 2005. He holds a B.S.E.E. from the School of Computer Engineering at the University of Buffalo, New York.

About FPGA Supercomputing

FPGA Supercomputing is an exciting and growing market segment based on technology that enables processor performance acceleration 10x to 100x greater than traditional processors. Scientists, developers, and researchers strive to improve productivity by achieving faster performance in their supercomputing applications and lower power consumption in their systems. The software-centric Mitrion Platform is ideal because it allows FPGA Supercomputing applications to be developed without any circuit design skills. Key application areas that stand to benefit most from FPGA Supercomputing are bioinformatics, oil and gas, imaging, and financial computing.

About Mitrionics

Founded in 2001, Mitrionics, Inc. is the technology leader in the exciting new field of FPGA Supercomputing which provides higher processing power and lower energy consumption than clusters of computer systems. The company's Mitrion Virtual Processor and Mitrion Software Development Kit provide cost effective FPGA Supercomputing power to organizations for their most critical applications. The software-centric Mitrion Platform is unique from any other FPGA programming solution, because it eliminates the need for circuit design skills, thus making FPGA Supercomputing performance accessible to an entire new market of scientists and developers. Mitrionics has key industry relationships with Cray, Nallatech, and Silicon Graphics. For more information, visit the company Web site at www.mitrionics.com , or call 310-558-9495, or email: info@mitrionics.com .

Mitrionics, Mitrion, Mitrion Platform, Mitrion Virtual Processor, and Mitrion Software Development Kit are trademarks of Mitrionics, Inc. All other trademarks are property of their respective owners.

Company Contact Anders Dellson Mitrionics, Inc. Ph: 310-558-9495 Email: Email Contact Media Contact Joe Waldygo TopSpin Communications, Inc. Ph: 480-632-5050 Email: Email Contact