Kilopass Appoints Industry Veteran Dana Reyes Vice President of Finance To Scale Business Expansion

Ms. Reyes’ Extensive High-Tech Industry Finance Background To Manage Growth of Global Footprint, Diversified Business, and Sophisticated Transactions

Santa Clara, Calif., March 19, 2013 – Kilopass Technology Inc. (www.kilopass.com), a leading provider of semiconductor logic non-volatile memory (NVM) intellectual property (IP), announced today that Dana T. Reyes has been appointed vice president of finance, reporting to Kilopass CFO James T. Lindstrom. Ms. Reyes brings to Kilopass over 20 years of public and private company finance, accounting and operations know how including broad experience in initial public offering (IPO), mergers and acquisitions (M&As) and financial auditing at a Big 4 CPA firm.  Ms. Reyes starts immediately.

“I am excited to work with Dana again,” said Charlie Cheng, President & CEO at Kilopass.  “She has extensive experience in all facets of the semiconductor business, from EDA software, semiconductor intellectual property (IP), components sold through distribution all the way to financing and accounting of a wafer fab.  All this expertise will help Kilopass with its next phase of expansion.”

“I am thrilled to have Dana join our finance team and to be working with her again,” said Kilopass CFO James T. Lindstrom.  “Her skills in managing the financial details of taking an IP start-up through the IPO process made a lasting impression on me. Her accumulated international business savvy and extensive background in high-tech finance at start-ups to large public companies, regulatory filings, and large value contract negotiations makes her a critical addition to the company as it begins its next large scale expansion phase.  I’m looking forward to her making a major contribution to Kilopass’ transformation.”

Dana Reyes has over 20 years of wide-ranging finance and accounting experience at public companies including semiconductor-based Advanced Micro Devices, Inc. and EDA giant Cadence Design Systems, Inc. as well as private companies including 

Barracuda Networks (internet security) and Host Analytics (Software-as a-Service).  Her background comprises extensive expertise in M&As, IPO and international accounting and operations as well as building infrastructure and systems implementation.

“I am delighted to once again join forces with Charlie and Jim as they begin directing Kilopass to the next stage in its evolution,” said Reyes.  “The fresh infusion of capital from a major customer, a new product coming out of R&D, and an ambitious diversification plan to scale combine to provide the kind of challenge that I always seek out. This is a great opportunity and I look forward to making an impact as soon as possible.”

About Kilopass

Kilopass Technology Inc., a leading supplier of embedded NVM intellectual property, leverages standard logic CMOS processes to deliver one-time programmable (OTP) and many-time programmable (MTP) memory. With 58 patents granted or pending and more than 800,000 wafers shipped from a dozen foundries and Integrated Device Manufacturers (IDMs), Kilopass has more than 150 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.