The 3 most important words from the PR, in my very humble opinion:
The company's strong cash position and forecast for future cash flow from patent licensing allow Patriot to consider investment and M&A activities that will build a more product-focused company, complementing the ongoing licensing strategy of its valuable patent portfolio
Mr. Goerner has over 30 years experience in the electronics industry. Before joining API, Rick was the President and Chief Operating Officer for the Storage Products Group of Texas Instruments (TI). In that role, he directed product development, operations, marketing/sales, finance and global customer positioning activities. He also led the integration of Silicon Systems, Inc. (SSI) with Texas Instruments following TI’s acquisition of SSI. Mr. Goerner previously served in several key management positions with SSI.
Prior to joining TI, Rick held various operation, marketing and sales roles at Silicon Systems, Inc., Signetics Corporation, Teledyne Semiconductor and the American Strionics Division of Technicolor Incorporated. He is an active and previous member of several Boards of Directors. He received his BSEE degree in 1970 from the State University of New York at Buffalo.
Rick Goerner joins Qspeed Semiconductor, Inc. as Executive Chairman & Board Member
Qspeed is a developer and supplier of specialized semiconductor parts for power-related applications. The company's initial products are power factor correction chips operating at high voltages. The company has launched initial products and has several customers in the sampling stages. Located in Santa Clara, CA, the company is raising a B round of capital to support volume roll out of their initial parts and the development of additional products. Rick is currently an industry consultant, providing interim President/CEO expertise. Rick's previous experience includes President & CEO at TransDimensions, Inc.; President & COO of the Storage Products Group at Texas Instruments; and COO at Silicon Systems, Inc. Adams Capital Management is the lead investor.
Prior to TransDimension, Goerner was President and Chief Operating Officer of the Texas Instruments/Silicon Systems Storage Products Group, a business unit with over $1 billion in revenue. Before its acquisition by Texas Instruments, Goerner held senior management, business unit, marketing and sales positions at Silicon Systems/TDK Group Company, culminating in his role as Chief Operating Officer, Office of the President. During his 17-year tenure, Silicon Systems experienced revenue growth from $15 million to over $500 million. Goerner has also held senior sales and marketing positions with Signetics Corporation, a Philips Group Company, and Teledyne Semiconductor.
Goerner serves as a member of TransDimension's Board of Directors and participates on the Board of Directors and advisory boards of several high tech companies in Orange County.
Be well
