Kilopass Names CFO for Next Growth Phase

Appoints Cory Sindelar with 20 years of Experience as Senior Financial Executive at Software and Semiconductor Companies

Santa Clara, Calif. –– April 1, 2011 –– Kilopass Technology Inc., a leading provider of semiconductor logic non-volatile memory (NVM) intellectual property (IP), today named Cory J. Sindelar to the role of Chief Financial Officer (CFO).

Sindelar joins Kilopass with an extensive 20-year background as a senior financial executive working for software and semiconductor companies.  Most recently, he served as vice president and CFO at Ikanos Communications, Inc., a leading provider of advanced broadband semiconductor and software products.  During his tenure at Ikanos, he led several strategic transactions, including the purchase of Conexant Systems’ broadband access product line and the technology behind its advanced vectoring solutions.

“We are extremely pleased to welcome Cory to the Kilopass executive team,” says Charlie Cheng, chief executive officer of Kilopass.  “I am confident that his broad financial experience and expertise in the semiconductor business and strategic acquisitions will be invaluable to Kilopass’ next growth phase.  His enthusiasm and results-oriented attitude will serve him well at Kilopass.”

Sindelar was vice president, corporate controller and principal accounting officer at Legato Systems from 2000 to 2003 when it was acquired by EMC Corporation.  He continued with EMC Corporation for an additional three years in various roles, including director of finance for the Legato business unit, director of global business operations for EMC Software Group and divisional CFO for Captiva Software, another EMC acquisition, before joining Ikanos in 2006.

Sindelar, a certified public accountant in California, has a Bachelor of Science degree in Business Administration with an emphasis in accounting from Georgetown University. 

“I’m delighted to be part of the Kilopass team,” notes Sindelar.  “It has proven technology, a strong customer base and a compelling roadmap.  I am excited to capitalize on its growth momentum to reach the next level.”

About Kilopass

Kilopass Technology, Inc., a leading supplier of embedded NVM intellectual property, leverages standard logic CMOS processes to deliver one-time programmable (OTP) memory.  With 58 patents granted or pending and more than 800,000 wafers shipped from a dozen foundries and Integrated Device Manufacturers (IDM), Kilopass has more than 100 customers in applications ranging from storage of firmware and security codes to calibration data and other application-critical information.  The company is headquartered in Santa Clara, Calif.  For more information, visit www.kilopass.com or email info@kilopass.com.