Xignal Technologies appoints industry veteran Paul Engle as CEO

Company Also Taps Key Business Leaders For Board of Directors

Munich, Germany, August 11, 2003 - Xignal Technologies AG, a leading IP solutions provider for the semiconductor industry, announced today that its Board of Directors has elected Paul Engle as Chief Executive Officer (CEO), effective immediately. The company further strengthens its leadership by appointing Dr. David Parker and Dr. Soenke Mehrgardt as members of the Board of Directors.

“Paul’s leadership experience within big established companies as well as in start up environments is unique. His track record in growing an enterprise from virtually nothing to a billion dollar business makes him an ideal choice for this key leadership role," said Yousif Ammar, President at Xignal. “With its outstanding technology and industry insight, Xignal is poised to become a major global player in the semiconductor industry, and Paul is the right person to lead our team through this transition.”

Before joining Xignal Technologies, Engle was CEO at Avanex Corporation, a leader in photonic processing solutions for fiber optic transmission systems, and Hewlett Packard Company as Vice President and General Manager of the Fiber Optic Communications Division. Engle began his career working in the semiconductor R&D labs for Texas Instruments and spent years working with companies such as Fairchild Semiconductor, Rockwell International and Qualtron, Inc. with various technical and managerial roles. Engle is a native of Texas and earned a B.S. in Astro-Science (Physics) and Mathematics from Pan American University and a Masters of Business Administration from the University of Dallas, both in Texas.

To further strengthen its already-substantial leadership team, the company also recently appointed two industry veterans to its Board of Directors: Dr. David Parker and Dr. Soenke Mehrgardt. Parker is the CEO of SPI, an innovative provider of fiber optics products, and previously held executive roles with Bookham Technology, Marconi and Hewlett Packard. Mehrgardt’s vast experience in the semiconductor industry includes stints with ITT Semiconductors and Siemens AG. Since 1999 he has held the CTO position of the European semiconductor heavyweight Infineon Technologies.

About Xignal Technologies AG
Xignal Technologies is a leading IP solutions provider that creates innovative, cutting-edge analog solutions for advancing the design and manufacturing of communication systems ICs. With a focus on high-growth market segments, Xignal’s technology shortens design cycles, reduces costs and increases speed-to-market. The Xignal Technologies headquarters are located at Leipziger Strasse 16, D-82008 Unterhaching, Munich, Germany. Additional information is available at http://www.xignal.com.

###

© 2003 Xignal Technologies AG. All rights reserved. Xignal Technologies is a registered trademark of Xignal Technologies AG.