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TimeSys appoints Joseph J. Raffa as Interim CEO

From:  "TimeSys Corporation"<scott.gilbertson-AT-timesys.com>
To:  pr-AT-lwn.net
Subject:  TimeSys Board of Directors Appoints Joseph J. Raffa Interim CEO
Date:  Fri, 08 Dec 2006 15:10:57 EST

   TimeSys Board of Directors Appoints Joseph J. Raffa Interim CEO

  Semiconductor Industry Veteran Brings Proven Expertise in Building
                 New Markets for Emerging Technologies

    
    PITTSBURGH--(BUSINESS WIRE)--Dec. 8, 2006--TimeSys(TM) Corporation
(http://www.timesys.com), the leading service provider for developers
in the embedded Linux market, today announced it has appointed Joseph
J. Raffa to the position of interim CEO. Mr. Raffa replaces former
TimeSys president and CEO, Larry Weidman, who recently left the
company to pursue personal interests. Mr. Raffa currently serves on
the board of directors at TimeSys. In this interim role, Mr. Raffa
will direct and oversee company strategy and sales activities as
TimeSys continues to support its successful and innovative
LinuxLink(TM) web-based resource for embedded Linux developers. He
will also lead the company's active search for a permanent CEO.

    A seasoned semiconductor industry executive, Mr. Raffa has over 20
years of experience leading top chip and semiconductor companies. He
is currently a venture partner with Adams Capital Management, a
national venture capital firm specializing in early-stage applied
technology investments. Mr. Raffa served as CEO of NuCORE Technology,
a leading fabless supplier of imaging processing chips to Japanese
digital camera and camcorder makers. Previously he was vice president
and general manager of the logic synthesis business unit at Synopsys,
the U.S. electronic design automation (EDA) company. He also led
Hewlett-Packard's marketing for its RISC-based engineering
workstation.

    "We are pleased to have someone with Mr. Raffa's experience join
the TimeSys management team," said Joel Adams, Chairman of the Board
at TimeSys. "His proven track record of helping innovative
organizations successfully sustain and build market share will help us
continue to realize the enormous potential of the Linux development
technology and services offered by TimeSys."

    About TimeSys Corporation

    TimeSys is the leading service provider for developers in the
embedded Linux market, delivering LinuxLink subscriptions that empower
software developers to rapidly and efficiently create their own
commercial-grade custom Linux platforms. The continuously updated
Linux code, information and systems offered through LinuxLink
subscriptions are aggregated from the open source community,
semiconductor manufacturers and TimeSys, and hosted in the TimeSys
Network. For more information, visit www.timesys.com.

    
    CONTACT: TimeSys(TM) Corporation
             Laurie Ann Sims, 412-232-6383
             Senior Director Developer Exchange Services


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