Sidense Announces New Chief Financial Officer

OTTAWA, ON--(Marketwired - May 15, 2015) -  Sidense Corp., a leading developer of non-volatile memory OTP IP cores, today announced Bob Daly as the company's Chief Financial Officer. In that role, Mr. Daly will oversee Sidense's financial planning and reporting as the company continues its rapid expansion.

"We are very happy to have Bob join Sidense's veteran executive staff as we continue to experience strong growth," said Xerxes Wania, Sidense President and Chief Executive Officer. "Bob's knowledge of the financial industry, along with his senior management experience at several well-known technology companies, make him a valuable addition to the Sidense team."

"I am very pleased to have the opportunity to join a dynamic and respected company such as Sidense, a leader in NVM memory product development," said Bob Daly, Sidense CFO. "I see us expanding our leadership position to meet current and future customer requirements in rapidly growing markets including mobile computing and communication, Internet-of-Things, automotive, industrial and medical."

Bob Daly has more than 30 years of private sector experience, predominantly in high tech and most recently as the CFO of Klocwork Inc. where he oversaw the successful sale of the company to RogueWave Software. Prior to that, Mr. Daly served as the Chief Financial Officer of Espial Group Inc., where he guided the company's 2007 Initial Public Offering. He has also held senior finance positions with Cognos Inc. and JDS Uniphase Corporation, and has provided corporate finance, business strategy and operational advice to a number of early-stage Canadian technology companies, a quasi-crown corporation and a major Canadian financial institution. In addition, he has served as the Corporate Controller of the Ottawa Senators Hockey Club. Mr. Daly is a Chartered Accountant and holds a Bachelor of Commerce degree from Mount Allison University.

About Sidense Corp.
Sidense Corp. provides very dense, highly reliable and secure non-volatile one-time programmable (OTP) Logic Non-Volatile Memory (LNVM) IP for use in standard-logic CMOS processes. The Company, with over 120 patents granted or pending, licenses OTP memory IP based on its innovative one-transistor 1T-Fuse™ bit cell, which does not require extra masks or process steps to manufacture. Sidense 1T-OTP macros provide a better field-programmable, reliable and cost-effective solution than flash, mask ROM, eFuse and other embedded and off-chip NVM technologies for many code storage, encryption key, analog trimming and device configuration uses.

Over 130 companies, including many of the top fabless semiconductor manufacturers and IDMs, have adopted Sidense 1T-OTP as their NVM solution for more than 400 designs. Customers are realizing outstanding savings in solution cost and power consumption along with better security and reliability for applications ranging from mobile and consumer devices to high-temperature, high-reliability automotive and industrial electronics. The IP is offered at and supported by all top-tier semiconductor foundries and selected IDMs. Sidense is headquartered in Ottawa, Canada with sales offices worldwide. For more information, please visit www.sidense.com.