Tuesday, July 12, 2011

News: eoSemi appoints new VP to lead first product to market


eoSemi, an innovative company with a base in Rotherham, has appointed Steve Cliffe as VP of sales and marketing, as they prepare to launch a new product that will revolutionise the way electronic devices keep time.

From their facility on the Advanced Manufacturing Park, eoSemi is developing a silicon solution that replaces quartz crystals, allowing a move away from physically-vibrating devices and the associated high manufacturing cost, large package size and susceptibility to shock.

A vibrating crystal is still used in nearly every electronic device on the planet to provide a stable timing reference. eoSemi will bring a new timing device to market, based entirely on silicon circuitry.

The company closed a £3m funding round led by NESTA Investments and Capital-E last year, to add to existing investors Enterprise Ventures (EV) via its RisingStars Growth Fund II and South Yorkshire Investment Fund.

Steve Cliffe has more than 25 years experience in the electronics industry with significant exposure to global markets. He joins eoSemi from ProVision, where he was CEO. Prior to this Steve was CEO at Xintronix; VP of sales and marketing at Nanotech; sales, marketing and operations director for Global Silicon and Asia Pacific sales director at Dialog Semiconductor.

Steve said: "eoSemi's all-silicon solution is a simple and inexpensive replacement for quartz crystals with substantial market potential. This is an exciting time to be joining the company as the first product completes its development phase, and moves towards commercial availability later this year."

Ian Macbeth, CEO and co-founder at eoSemi, added: "eoSemi's solution offers significant size and cost advantages and is uniquely positioned to revolutionise the market. With the benefit of Steve's expertise we will push forward our first silicon-only kHz timing reference and derivative products into applications such as industrial, medical and consumer microprocessor-based systems and mobile handsets."

eoSemi website


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