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ColdWatt, Inc. Names Dan Artusi Chief Executive Officer; Industry Veteran From Silicon Laboratories to Lead Venture-Backed Power Supply Company

Posted on: Monday, 23 May 2005, 09:00 CDT

ColdWatt, Inc., a provider of high efficiency power supplies, today announced the appointment of Dan Artusi as chairman and chief executive officer. Mr. Artusi was most recently president and chief executive officer of Silicon Laboratories (NASDAQ: SLAB).

"Dan's leadership excellence and deep knowledge of the semiconductor industry will prove invaluable as ColdWatt brings its disruptive technologies to market," said Krishna Srinivasan, principal with Austin Ventures. "It is with great pleasure that we announce his addition to the ColdWatt team."

"This company has assembled a stellar team to commercialize technologies developed at Rockwell Scientific Company," said Artusi. "I'm excited to have an opportunity to join a company that has the ability to have a fundamental impact on the power supply industry."

Prior to joining Silicon Laboratories, Mr. Artusi began his career with Motorola's Semiconductor Products Sector as an applications engineer. Over his 27-year career at Motorola, he served in a variety of marketing, applications, operations, and corporate management roles driving many of the key market initiatives that resulted in profitable businesses at Motorola. Prior to leaving Motorola, he served as the company's vice president and general manager of the Networking and Computing Systems Group, a successful business that he grew to more than $2.6 billion in revenues. Mr. Artusi also served as the vice president and general manager of RF Semiconductor Division. Prior to that, he led the power semiconductor business unit.

"Dan is an industry veteran and a tremendously talented leader who has spent his entire career successfully building semiconductor businesses," said Rob Soni, general partner, Matrix Partners. "His strategic mindset and industry relationships will play an integral role in the company's future success."

Mr. Artusi is also a board member of Powerwave (NASDAQ: PWAV).

About ColdWatt, Inc.

ColdWatt, a privately held company headquartered in Austin, Texas, with offices in Dallas, Texas, and Bangalore, India, develops and markets power supplies for computing, networking, storage, and telecom applications. ColdWatt has assembled a veteran team from the power supply industry and is commercializing technologies developed at Rockwell Scientific Company ("RSC), an aerospace R&D lab based in Thousand Oaks, California. ColdWatt offers products with unmatched power efficiency, size and reliability, delivering customers more usable power in a smaller space with less heat dissipation. ColdWatt's first generation products - AC/DC server power supplies and eighth brick DC/DC telecom power converters, dissipate 50% less heat than current state-of-the-art.

The company was seeded by GTI Ventures, a New York-based investment firm founded by Michael Schulhof, the former CEO of Sony USA. Austin Ventures and Matrix Partners recently co-led a $15.5 million series A venture round.

Visit www.ColdWatt.com for more information.

Source: Business Wire

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