Veteran High-Tech Financial Officer Thomas J. Reid Joins Lexra As Chief Financial Officer

SAN JOSE, Calif. (June 19, 2001) - Lexra Inc. is pleased to announce that Thomas J. Reid has joined the company as Chief Financial Officer (CFO). Reid brings eighteen years of high-tech financial experience to Lexra as the company enters its next major growth phase. He has a proven track record in managing all financial aspects of fast-growth, high-tech companies.

"Lexra, with its RISC, DSP, and NPU offerings, is well diversified and currently enjoying sustained, rapid growth," said Reid. "The newly announced LX4380, targeting the living room market, and the NetVortex Powerplant NPU chip, aiming at the high-growth OC192 and OC768 core and edge routers, testify to this fact. Lexra is just the company that can offer challenges that my experience is well-suited to handle."

"We are very pleased to have Tom on our team," said Charlie Cheng, president and CEO of Lexra. "His experience with start-up software companies such as GeoTel and VMark Software Inc. will be a valuable asset as we grow our business."

Reid will replace Jim Lindstrom, who has been Lexra's CFO since Q1, 2000. Jim will remain on Lexra's board of directors.

Reid graduated Cum Laude from Stonehill College at North Easton, Mass. with a Bachelor of Science degree in accounting. He began his career at Deloitte & Touche in Boston, where he was a business advisor to emerging businesses with annual revenues ranging from start-up to $100 million. Reid then joined Vmark Software and GeoTel, both successful software companies where he served as Vice President and Controller in their public offering process.
 

About Lexra

Lexra, Inc. is a leading microprocessor developer specializing in 32-bit RISC, DSP and NPU cores for the embedded market. In less than four years, the company has established itself as an innovator in embedded microprocessor technology and intellectual property (IP) licensing business model, with proven track record for customer success. During this short period, Lexra has delivered nine different processors to over 30 licensees in six different countries. Its customers are among the top three network communication companies as well as the top ten semiconductor companies. Lexra is headquartered in San Jose, Calif. Further company information can be found at http://www.lexra.com.
 
 

For Immediate Release

Lexra Contact:
Jonah McLeod
Director of Marketing
Lexra, Inc.
San Jose, CA
(408) 573-1890
mcleod@lexra.com

Press Contact:
Katie Olivier
Account Executive
Shelton Communications Group
Dallax, TX
(972) 239-5119
kolivier@sheltongroup.com