LOWELL, Mass., March 6, 2013 (GLOBE NEWSWIRE) -- M/A-COM Technology Solutions Holdings, Inc. (Nasdaq:MTSI) ("M/A-COM"), a leading supplier of high performance analog semiconductor solutions, announced today that Mark Edelstone will join its Board of Directors as an independent director. Mark brings 23 years of extensive experience in evaluating and providing strategic and financial advice to publicly-traded semiconductor companies. Mr. Edelstone will also serve on M/A-COM's Audit Committee and as Chairman of the Nominating and Governance Committee.
M/A-COM President and Chief Executive Officer John Croteau commented, "Mark's deep insight into the semiconductor industry will strengthen our board of directors' ability to identify and evaluate the merits and risks of strategic and financial opportunities. Additionally, Mark's experience in the financial industry will assist the board's oversight of our financial reporting, treasury functions and internal financial controls."
Mr. Edelstone is a Managing Director at Morgan Stanley. He received his undergraduate degree in Political Economics from the University of California, Berkeley, and holds an MBA in Finance, with a concentration in Investments, from Golden Gate University. In addition, Mr. Edelstone holds the Chartered Financial Analyst and Chartered Market Technician designations.
About M/A-COM Technology Solutions Holdings, Inc.
M/A-COM (www.macomtech.com) is a leading supplier of high performance analog semiconductor solutions for use in radio frequency (RF), microwave, and millimeter wave applications. Recognized for its broad portfolio of products, M/A-COM serves diverse markets including CATV, wireless infrastructure, optical communications, aerospace and defense, automotive, industrial, medical, and mobile devices. M/A-COM builds on more than 60 years of experience designing and manufacturing innovative product solutions for customers worldwide.
Headquartered in Lowell, Massachusetts, M/A-COM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. M/A-COM has design centers and sales offices throughout North America, Europe, Asia and Australia.
M/A-COM, M/A-COM Technology Solutions, The First Name in Microwave and the M/A-COM logo are trademarks of M/A-COM. All other trademarks are the property of their respective owners.
The M/A-COM Technology Solutions Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=12438
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements based on M/A-COM management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include, among others, Messrs. Croteau and Edelstone's statements concerning their expectations for Mr. Edelstone's future contributions to our board of directors and our prospects for future growth and increasing shareholder value. Forward-looking statements include all statements that are not historical facts and generally may be identified by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or similar expressions and the negatives of those terms.
Forward-looking statements contained in this press release reflect M/A-COM's current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or our actual activities or results to differ materially from those expressed in any forward-looking statement. Readers are cautioned not to place undue reliance on these forward-looking statements. A number of important factors could cause actual results to differ materially from those indicated by the forward-looking statements, including, among others, those factors described in "Risk Factors" in M/A-COM's filings with the Securities and Exchange Commission (SEC), including its Quarterly Report on Form 10-Q for the fiscal quarter ended December 28, 2012 as filed with the SEC on February 1, 2013. M/A-COM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.