Mr. Lee has a highly successful and extensive background in the high tech industry, joining companies in their embryonic and early-growth stages and helping them achieve significant revenue growth. As a project manager with AMD, he developed multiple transceivers. He later served as project manager with Level One Communications, which was acquired by Intel. Mr. Lee served as the director of engineering with Fujitsu Microelectronics. When he joined Accton Technology, Mr. Lee formed the initial core team that was spun off to form ADMtek, Inc., where he was the first founder and served as CEO/Vice Chairman. While there, ADMteck received investments from 3 Com and Intel Capital and was acquired by Infineon. He joined Topdek Semiconductor Inc. and delivered two production wireless chipsets within nine months prior to this company's acquisition by Sunplus Technology Taiwan where Mr. Lee continued as CEO of the new company. He joined Hibeam Semiconductor Inc., as an advisor to the CEO, and then served in the same function when he later returned to Accton Technology. Accton Technologies revenues were $750 million in 2005.
Antonio Turgeon, Chairman and CEO of TechnoConcepts, Inc., made the announcement stating, "Mr. Lee brings over 23 years of experience in mixed-signal transceiver ASIC hands on implementation over wired and wireless protocols to TechnoConcepts. In this newly created position, Mr. Lee will be responsible for all strategic marketing, field technical marketing, product planning, technical information systems, product support infrastructure, promotion and the ASIC design centers as well as managing development of partner relationships."
Mr. Lee graduated from Chun-Yuan University in Taiwan in 1982 and the University of California at Santa Barbara with an MSEE in 1983.
About TechnoConcepts
TechnoConcepts Inc. (OTCBB: TCPS) designs, develops and markets semiconductors. The Company has developed and patented True Software Radio(TM), a demonstrated technology that creates convergence for the wireless industry. True Software Radio(TM) can enable cell phones, PDAs, laptops, and other mobile devices with different radio frequencies, standards, and protocols to adjust by software command so that they can communicate directly with each other, across otherwise incompatible networks. When deployed, systems incorporating this technology can provide cost-effective communications interoperability among police, fire departments and other first responders, enabling them to talk to each other regardless of their different radio systems. The technology can also enable global roaming for cell phone users without having to change handsets. TechnoConcepts believes that True Software Radio(TM) is the only software-controlled wireless technology that has been verified to operate continuously across multiple frequency bands.
TechnoConcepts' subsidiary, Asante Networks Inc. (Pink Sheets:ASTN) is a leading provider of networking solutions for the small-medium business and education markets. Asante designs, markets and sells a full line of networking products that provide high-performance, reliable and value-based solutions. More information is available at http://www.technoconcepts.com and http://www.asante.com.
Safe Harbor Statement under the Private Litigation Reform Act of 1995 - Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate, among other things to expected financial and operating results, the expected acceptance of the company's products, the usefulness and benefits of the company's products generally and the acceptance of the company's technological solutions and its ability to achieve its goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include among others: difficulties providing solutions that meet the needs of customers, difficulty in developing new products, difficulty in relationships with vendors and partners, difficulty in introducing products in the marketplace and gaining acceptance of the same, difficulty gaining necessary governmental approvals, difficulty facing the intense competition present in the wireless communications industry, the company's limited operating history, its inexperience in operating internationally and difficulty managing rapid growth. For a more detailed discussion of the risks and uncertainties of TechnoConcepts' business, please refer to the company's Annual Report on Form 10K for the fiscal year ended September 30, 2005, filed with the Securities and Exchange Commission, and as subsequently amended. The company assumes no obligation to update any forward-looking statement contained in this press release or with respect to the announcements described herein.
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