Microtune Names Michael T. Schueppert to Its Board of Directors
Plano, TX, August 22, 2006 - Microtune®, Inc. (NASDAQ: TUNE), a leading radio frequency (RF) silicon and subsystems supplier targeting the worldwide consumer and automotive electronics markets, today announced the appointment of Michael T. Schueppert to its Board of Directors.
Mr. Schueppert is currently the President of Modeo(TM) LLC, a leading company in the mobile television industry which plans to commercially launch mobile TV services in the U.S. this year. Mr. Schueppert also currently serves as Senior Vice President of Crown Castle International Corp. (NYSE:CCI), the parent company of Modeo.
"We are very pleased to have Michael join our Board," said James A. Fontaine, Microtune President, CEO and Board member. "Mobile TVÂdigital TV delivered on cell phones, laptops, portable media assistants and other mobile devicesÂhas evolved as an exciting extension of the massive worldwide transition to digital television. As a champion of mobile video services, Michael is at the forefront in helping to shape this emerging industry. His background in wireless network and broadcast operations, combined with his international sales and marketing experience, will be extremely valuable as we drive Microtune's business into new portable and mobile TV markets. We look forward to welcoming Michael to the Board."
Michael Schueppert added, "Having worked with the Microtune management team, I know that we share a common vision about the exciting market potential of mobile TV and a commitment to the same business principlesÂinnovation, quality and integrity. I am excited about my appointment and look forward to working with the talented group of colleagues on the Microtune Board."
With more than 15 years experience in wireless communications, Mr. Schueppert previously was an executive with Cable & Wireless PLC, one of the world's largest telecommunications companies, serving in the UK and overseas. Functioning in a variety of strategic, sales and marketing positions, he was instrumental in transforming traditional telecommunications infrastructures to support future telephony, mobile and Internet requirements. He is recognized for his ability to combine entrepreneurial accomplishments with traditional business operations by pioneering new network technologies and convergence services.
Mr. Schueppert is a graduate of Cambridge University, UK, and holds an MBA with distinction from INSEAD, France.
"The expansion of our Board of Directors ensures the company will continue to benefit from a diversity of experience and points of view," added Mr. Fontaine. "Michael is an executive with proven leadership skills, extensive knowledge and experience in the areas of strategic business development, and a record of innovating world-class wireless communications services. He brings a new perspective to Microtune, strengthening our understanding of the cell phone market, while further helping us refine our technology strategy. We look forward to his strategic insight as we strive to take advantage of potentially new mobile and cellular growth opportunities."
With the addition of Mr. Schueppert, Microtune's Board of Directors now has nine members, including Walter S. Ciciora, James H. Clardy, Steven Craddock, Anthony J. LeVecchio, Bernard T. Marren, William P. Tai, A. Travis White and James A. Fontaine.
About Microtune
Microtune, Inc. is a silicon and subsystems company that designs and markets radio frequency (RF) solutions for the worldwide broadband communications and transportation electronics markets. Inventor of the MicroTuner(TM) single-chip broadband tuner, Microtune offers a portfolio of advanced tuner, amplifier, and upconverter products that enable the delivery of information and entertainment across new classes of consumer electronics devices. The Company currently holds 64 U.S. patents for its technology. Founded in 1996, Microtune is headquartered in Plano, Texas, with key design and sales centers located around the world. The website is www.microtune.com .
Market and Product Announcements
The market for handheld/mobile digital television may not develop or may develop more slowly than currently anticipated. Even in the event that the market does develop, there can be no assurance that Microtune's products will be selected by manufacturers or that if selected, such manufacturers will continue to select Microtune's products in the future to support their handsets and other mobile devices.
Microtune contacts:
Media
Kathleen Padula
Microtune, Inc.
972-673-1811
kathleen.padula@microtune .com
Investor Relations
Jeff Kupp
Microtune, Inc.
972-673-1610
ir@microtune .com
