Daily Archives: January 8, 2018

Sigma Designs Unlocks the Full Potential of the Smart Home with Next Generation Z-Wave 700-Series Chipset

LAS VEGAS, Jan. 08, 2018 (GLOBE NEWSWIRE) — CES 2018 Venetian Ballroom – Sigma Designs® (NASDAQ:SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for smart home IoT, today unveils its new 700-Series Z-Wave platform, which include numerous performance and technological enhancements in energy-efficiency and RF performance, while being cost-effective, built to power the context-aware smart home.

Z-Wave 700-Series is a long range, low power and future-proof hardware platform with integrated software tools and building blocks enabling a whole new generation of Z-Wave sensor devices. 700-Series will drive the battery-powered device trend, empowering Artificial Intelligence and Machine Learning systems to utilize sensor data and make smart homes smarter, safer, and more connected.

“Sigma’s Z-Wave 700-Series chip will completely reshape the meaning of smart home. It solves for many of today’s technological barriers, while being the most flexible, interoperable platform, bringing smart home functionality to a new level,” said Raoul Wijgergangs, VP of Sigma Designs’ Z-Wave Business Unit. “700-Series opens opportunities for new classes of sensors that weren’t possible before, while making remarkable improvements to existing device categories. 700-Series is creating a path to full home installations, moving from tens of Z-Wave devices to hundreds of Z-Wave devices per home. Our new platform assures the environment that will take homes from smart to truly intelligent.”

Key features of the 700-Series platform include:

  • Low power: 700-Series will have best-in-class low power radio performance enabling multiyear battery lifetime and more than 10-year sensor lifetime on a coin-cell.
  • Long range: 700-Series platform will enable range of more than 300 feet, covering multi-stories in a house and the far end of the yard.
  • Low cost and fast time to market: 700-Series gets developers started fast with low cost developer kits, tools and readymade certified reference code ensuring minimum time from prototype to certified product.
  • High performance: Powerful ARM®-based platform with large memory on the chip and many peripherals, enabling intelligence at the edge with fast energy efficient computation and secure inclusion in less than one second.
  • Certified interoperable and backwards compatible: Every 700-Series device will have the highest level of security in the smart home with Z-Wave Security 2 (S2) framework and consistent easy install with Z-Wave SmartStart.

The energy-efficient and long range wireless communication with the 700-Series Z-Wave platform, allows smart home sensors to go beyond the current limits. This means that smart homes can extend to the yard, the end of the driveway and seamlessly cover multiple stories in a home. The extremely low power consumption enables new small form factor Z-Wave sensors which can be embedded into new places such as into furniture, windows and even behind dry walls.

The 700-Series platform will continue to utilize and build on top of core Z-Wave features such as S2 and SmartStart. Sigma’s Security 2 (S2) architecture, which combines existing and new security features, allows Z-Wave to continue to be the safest, most secure ecosystem of smart devices on the global market. SmartStart is an easy way to automatically create and configure Z-Wave networks for instant device installation success. Comprising the new Z-Wave protocol and gateway software layers, SmartStart pre-configures devices to the network before they reach the home, dramatically reducing installation time, and thereby costs, to maximize return on investment (ROI) for installers and remove difficulty of DIY installations for homeowners.

About Sigma Designs
Sigma Designs, Inc. (NASDAQ:SIGM) is a world leader in enabling smart home convergence. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world’s leading Connected Smart TV platforms, and Internet of Things (IoT) for smart home devices. For more information about Sigma Designs, please visit www.sigmadesigns.com.

About Z-Wave
Z-Wave technology is an open internationally recognized ITU standard (G.9959). It is the leading wireless home control technology in the market today, with over 2400 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 700 companies around the world, the standard is a key enabler of smart living solutions for home safety and security, energy, hospitality, office and light commercial applications. Z-Wave® is a registered trademark of Sigma Designs and its subsidiaries in the United States and other countries.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the anticipated features, benefits, capabilities and performance of Sigma’s products and solutions, specifically Sigma’s 700- series chipset. The following factors could cause actual results to differ materially from those in the forward-looking statement including but not limited to: general economic conditions, including the rate of adoption of Sigma’s 700-series chipset, Sigma’s ability to deploy and achieve market acceptance for the 700 series chipset and other products in its target markets, changes in technology, and other risks that are detailed from time to time in Sigma’s SEC reports, including its annual report on Form 10-K. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Sigma undertakes no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Press Contacts:
Mary Miller
Sigma Designs
+1-510-897-1069
Mary_Miller@sigmadesigns.com

Alexandra Crabb
Caster Communications
+1-401-792-7080
alex@castercomm.com

MIPS Returns to Silicon Valley To Drive Next Generation of Intelligent Applications

US investors and industry veterans bring deep semiconductor expertise to renowned and revered technology company

SANTA CLARA, Calif., Jan. 08, 2018 (GLOBE NEWSWIRE) — MIPS, provider of the widely used MIPS processor architecture and IP cores, announced it has returned to Silicon Valley as an independent company focused on processor innovations for a new generation of intelligent, connected platforms. With shipments in the billions of units across the globe, MIPS CPUs are found in a broad range of applications, including leading positions in set-top boxes and DTV, networking switches and routers, robotics, IoT, and are gaining strong momentum in LTE modems. The MIPS architecture is also used in most of today’s Advanced Driver Assistance Systems (ADAS) and is designed into emerging autonomous vehicles.

MIPS continues its commitment to servicing the industry as a soft-IP supplier with a compelling portfolio of processor cores. MIPS leverages its distinct portfolio to offer hardware multi-threading for ultimate compute efficiency, hardware backed virtualization for software isolation, and policy management combined with functional safety features that are required to support mission critical high assurance safety standards. This foundation complements the company’s investments in intelligent applications and enables MIPS to deliver additional value to existing and new customers.

Tallwood Venture Capital (Tallwood), a US venture capital firm with deep semiconductor expertise and a highly successful investment track record, led the acquisition of MIPS from Imagination Technologies. Tallwood is joined by Paxion Capital Partners (Paxion) that focuses on high-growth technology and technology-related companies in need of capital and expertise to scale on a global basis.

“MIPS’ foundational architecture, cores, and IP have enormous potential and align with the innovative technologies that Tallwood seeks in its investments,” said Dado Banatao, Tallwood’s Managing Partner and Chairman of the MIPS Board of Directors. “As the first commercially available RISC architecture, MIPS played a key role in making computing ubiquitous, and in the development of the fabless semiconductor model. We are excited to bring MIPS back to its roots in Silicon Valley and are committed to driving the company forward as it continues to play a key role in the next era of computing.”

Banatao co-founded and is an early investor in many Silicon Valley start-ups that pioneered ground-breaking technologies in the semiconductor industry that continue to be driving technologies in computing and communication applications today, such as PC graphics acceleration architectures, commercial GPS, and networking infrastructure for data center and the cloud.

Since its acquisition by Tallwood and return to Silicon Valley, MIPS has attracted a preeminent team of investors and advisors who are key players in the development and evolution of the semiconductor industry in the US. In addition to Dado Banatao, Nicholas Brathwaite, founding partner of Riverwood Capital and WRV Capital, will join the board of directors representing Paxion. John Hennessy, former president of Stanford University and an original co-founder of MIPS Computer Systems in 1984, Pradeep Sindhu, Founder and Chief Scientist of Juniper Networks, and Steve Fu, former Chief Strategy Officer of Fairchild Semiconductors, will all serve on MIPS’ Technical Advisory Board.

“With the emergence of AI in applications that will touch all of our lives in ways we can’t yet begin to fathom, this is an incredibly exciting time to see MIPS position themselves in the epicenter of the AI universe,” said Hennessy. “Because of its initial simplicity, efficiency, and extensibility, the MIPS architecture has been able to continuously evolve over the years to incorporate new architectural concepts, providing advantages for an ever-changing range of applications. I believe AI will be no exception. Under Dado’s stewardship, MIPS can grow to become the processing architecture of choice for a new generation of intelligent applications.”

About MIPS
MIPS is a leading provider of processor architectures and IP cores that drive some of the world’s most popular products. With the streamlined MIPS RISC architecture and CPU cores, customers can build highly efficient, scalable, and trusted products across a wide range of performance points – from the IoT edge to high-end networking equipment, and everything in between. Originally founded in 1984 as MIPS Computer Systems Inc. by researchers from Stanford University, MIPS today is an independent company focused on processing innovations for a new generation of intelligent, connected devices. MIPS designs have shipped in billions of units across the globe and have even reached the outer edges of our solar system. The company is headquartered in Santa Clara, Calif., with offices worldwide. www.mips.com

Follow MIPS on Twitter, LinkedIn, Facebook and read our Blog.

MIPS and the MIPS logo are trademarks of MIPS Tech, Inc. and/or its affiliated group companies in the United States and/or other countries. All other trademarks are property of their respective owners.

Media Contact:
Corridor Communications, Inc.
Phyllis Grabot, +1 805.341.7269
Bonnie Quintanilla, +1 818.681.5777
info@corridorcomms.com

MIPS Returns to Silicon Valley To Drive Next Generation of Intelligent Applications

US investors and industry veterans bring deep semiconductor expertise to renowned and revered technology company

SANTA CLARA, Calif., Jan. 08, 2018 (GLOBE NEWSWIRE) — MIPS, provider of the widely used MIPS processor architecture and IP cores, announced it has returned to Silicon Valley as an independent company focused on processor innovations for a new generation of intelligent, connected platforms. With shipments in the billions of units across the globe, MIPS CPUs are found in a broad range of applications, including leading positions in set-top boxes and DTV, networking switches and routers, robotics, IoT, and are gaining strong momentum in LTE modems. The MIPS architecture is also used in most of today’s Advanced Driver Assistance Systems (ADAS) and is designed into emerging autonomous vehicles.

MIPS continues its commitment to servicing the industry as a soft-IP supplier with a compelling portfolio of processor cores. MIPS leverages its distinct portfolio to offer hardware multi-threading for ultimate compute efficiency, hardware backed virtualization for software isolation, and policy management combined with functional safety features that are required to support mission critical high assurance safety standards. This foundation complements the company’s investments in intelligent applications and enables MIPS to deliver additional value to existing and new customers.

Tallwood Venture Capital (Tallwood), a US venture capital firm with deep semiconductor expertise and a highly successful investment track record, led the acquisition of MIPS from Imagination Technologies. Tallwood is joined by Paxion Capital Partners (Paxion) that focuses on high-growth technology and technology-related companies in need of capital and expertise to scale on a global basis.

“MIPS’ foundational architecture, cores, and IP have enormous potential and align with the innovative technologies that Tallwood seeks in its investments,” said Dado Banatao, Tallwood’s Managing Partner and Chairman of the MIPS Board of Directors. “As the first commercially available RISC architecture, MIPS played a key role in making computing ubiquitous, and in the development of the fabless semiconductor model. We are excited to bring MIPS back to its roots in Silicon Valley and are committed to driving the company forward as it continues to play a key role in the next era of computing.”

Banatao co-founded and is an early investor in many Silicon Valley start-ups that pioneered ground-breaking technologies in the semiconductor industry that continue to be driving technologies in computing and communication applications today, such as PC graphics acceleration architectures, commercial GPS, and networking infrastructure for data center and the cloud.

Since its acquisition by Tallwood and return to Silicon Valley, MIPS has attracted a preeminent team of investors and advisors who are key players in the development and evolution of the semiconductor industry in the US. In addition to Dado Banatao, Nicholas Brathwaite, founding partner of Riverwood Capital and WRV Capital, will join the board of directors representing Paxion. John Hennessy, former president of Stanford University and an original co-founder of MIPS Computer Systems in 1984, Pradeep Sindhu, Founder and Chief Scientist of Juniper Networks, and Steve Fu, former Chief Strategy Officer of Fairchild Semiconductors, will all serve on MIPS’ Technical Advisory Board.

“With the emergence of AI in applications that will touch all of our lives in ways we can’t yet begin to fathom, this is an incredibly exciting time to see MIPS position themselves in the epicenter of the AI universe,” said Hennessy. “Because of its initial simplicity, efficiency, and extensibility, the MIPS architecture has been able to continuously evolve over the years to incorporate new architectural concepts, providing advantages for an ever-changing range of applications. I believe AI will be no exception. Under Dado’s stewardship, MIPS can grow to become the processing architecture of choice for a new generation of intelligent applications.”

About MIPS
MIPS is a leading provider of processor architectures and IP cores that drive some of the world’s most popular products. With the streamlined MIPS RISC architecture and CPU cores, customers can build highly efficient, scalable, and trusted products across a wide range of performance points – from the IoT edge to high-end networking equipment, and everything in between. Originally founded in 1984 as MIPS Computer Systems Inc. by researchers from Stanford University, MIPS today is an independent company focused on processing innovations for a new generation of intelligent, connected devices. MIPS designs have shipped in billions of units across the globe and have even reached the outer edges of our solar system. The company is headquartered in Santa Clara, Calif., with offices worldwide. www.mips.com

Follow MIPS on Twitter, LinkedIn, Facebook and read our Blog.

MIPS and the MIPS logo are trademarks of MIPS Tech, Inc. and/or its affiliated group companies in the United States and/or other countries. All other trademarks are property of their respective owners.

Media Contact:
Corridor Communications, Inc.
Phyllis Grabot, +1 805.341.7269
Bonnie Quintanilla, +1 818.681.5777
info@corridorcomms.com

Cisco Showcases Multicloud Video Innovation at CES 2018

Cisco leads the market with its device-agnostic Infinite Video Platform for cloud, IP, and mobile video

LAS VEGAS, Jan. 08, 2018 (GLOBE NEWSWIRE) — CES – At CES this week, Cisco is demonstrating for its global service provider customers innovation and use cases for cloud-powered, app-driven video services, ranging from cloud DVR to OTT video and mobile-friendly experiences.

Service providers today are virtualizing their network infrastructure and applications, using multiple clouds – or a ‘hybrid cloud’ approach, including their own private cloud, and public clouds to simplify operations and speed time to market for new experiences and services.

With the Cisco® Infinite Video Platform, service providers can utilize a virtual cloud stack to deliver best-in-class, highly secured video experiences to all consumer devices from one platform. As the popularity of OTT streaming video continues to rise, service providers are increasingly focused on providing advanced services such as cloud DVR, enabling consumers to stream their video recordings from the cloud to any device over any Internet connection with the touch of an app.

More than 20 global service providers are already delivering and/or involved in public and private beta testing programs for cloud DVR services with Cisco, realizing benefits including the ability to implement private or public cloud deployments that offer CapEx and OpEx savings as well as increased agility and time to market. Cisco Infinite Video Platform and cloud DVR services currently support more than 20 million subscribers worldwide.

“Our customers seek the agility a cloud platform provides to deliver video entertainment to their subscribers in new ways,” said Damian Mulcock, vice president and general manager, Cisco Service Provider Video Software and Solutions.  “We are helping them deliver on their future vision for video with our Infinite Video Platform and cloud DVR to facilitate recordings to any device, and with our innovation around IP delivery, we are leading the market in simplifying how service providers can efficiently manage their networks and deliver video services faster.”

Cisco is leading the disruption in the industry with our technology innovations in systems, silicon, optics and security, and our unrivalled expertise in mass-scale networking, automation, optical, cable access, video, and mobility. Together with our portfolio of professional services, we can enable service providers and media and web companies to reduce cost and complexity, help secure their networks and grow revenue.

Supporting resources

RSS feed for Cisco: http://newsroom.cisco.com/dlls/rss.html

About Cisco
Cisco (NASDAQ:CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow’s digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.

Press Contact
Sara Cicero, Service Provider PR, Cisco, stutzes@cisco.com

CES 2018: Cisco Announces Infinite Broadband Unlocked for cBR-8

Industry-first consumption-based pricing that enables cable operators to offer high-speed broadband services with greater simplicity and reduced business risk

LAS VEGAS, Jan. 08, 2018 (GLOBE NEWSWIRE) — CES — Cisco today announced a new, highly flexible DOCSIS licensing plan for its cable operator customers using the Cisco® Converged Broadband Router (cBR-8) platform to deliver high-speed broadband, video, and voice services.

Infinite Broadband Unlocked (IBU) is the first licensing program of its kind in the cable industry designed to help cable operators compete with fiber-to-the-home systems. With this new program, Cisco aims to improve the economics of offering multi-gigabit services via distributed access cable architectures employing Remote PHY (RPHY) technology.

The new Cisco IBU licensing program allows cable operators to focus on business outcomes by simplifying license acquisition and management. Unlike traditional licensing models for converged cable access platform (CCAP) devices, which require cable operators to purchase large numbers of new bandwidth licenses for every service group where they want to offer the expanded service, IBU has only one license type based on bandwidth consumption. For the first time, cable operators have the capability to provision all of the capacity of their CCAP platforms without restrictions or upfront licensing expense.

IBU offers compelling business benefits to cable operators, helping them:

  • Provision and promote multi-gigabit service tiers across their footprints without the risk of stranding capital
  • Simplify service group splits and video/data convergence by eliminating the need to purchase additional license types.

IBU licensing is aligned to the number of subscribers across the network, so license investment is highly aligned to revenues. This makes licensing investment much more predictable and simpler to manage.

“IBU helps cable operators be more competitive and gain subscriber market share,” said Sean Welch, vice president and general manager, Cable Access, Service Provider Business, Cisco. “We have listened carefully to our customers, and with this new offer we have specifically focused on making DOCSIS licensing simple and aligned with their business objectives.”

The IBU licensing plan is available for current and new Cisco cBR-8 customers worldwide.

Cisco is leading the disruption in the industry with our technology innovations in systems, silicon, optics and security, and our unrivalled expertise in mass-scale networking, automation, optical, cable access, video, and mobility. Together with our portfolio of professional services, we can enable service providers, media and web companies to reduce cost and complexity, help secure their networks and grow revenue.

Supporting resources

  • For more information about Cisco service provider news and activities at CES 2018, visit the SP360 blog or follow us on Twitter via #CiscoCES, @CiscoSP360 and @SPVideo
  • Follow us on our LinkedIn page for targeted updates and announcements
  • Subscribe to Cisco’s SP360 feed

RSS feed for Cisco: http://newsroom.cisco.com/dlls/rss.html

About Cisco
Cisco (NASDAQ:CSCO) is the worldwide technology leader that has been making the Internet work since 1984. Our people, products, and partners help society securely connect and seize tomorrow’s digital opportunity today. Discover more at newsroom.cisco.com and follow us on Twitter at @Cisco.

Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks

Press contact: Sara Cicero, Cisco PR, stutzes@cisco.com

FLIR Releases High-Resolution Thermal Camera Development Kit for Self-Driving Cars

Affordable Thermal Sensors Will Allow Auto Industry to Advance the Reliability and Redundancy Needed for Self-Driving Cars

WILSONVILLE, Ore., Jan. 08, 2018 (GLOBE NEWSWIRE) — FLIR Systems, Inc. (NASDAQ:FLIR) today announced the availability of a high-resolution Thermal Vision Automotive Development Kit (ADK) featuring the high-performance FLIR Boson thermal camera for automakers, tier-one automotive parts suppliers, and innovators of advanced driver assistance systems (ADAS). The new FLIR ADK allows developers to add an affordable, long-range thermal camera to their ADAS development vehicles to help advance reliability and redundancy required for self-driving cars.

As the auto industry’s only automotive-qualified passive infrared sensor currently in production, FLIR® sensors are offered today on numerous vehicles from General Motors, Peugeot, Mercedes, Audi, and BMW, and as an aftermarket system. An ideal sensor technology for pedestrian and animal detection, thermal sensors can see up to four times the distance of typical headlights. Thermal imaging helps drivers and future self-driving vehicles see in challenging environments such as darkness, sun glare, fog, smoke, and haze. Given this differentiated sensing capability and intense market focus, ABI Research expects annual shipments of night vision systems, including thermal imaging sensors, to grow from 200,000 in 2017 to 4.2 million in 20211.

The FLIR ADK features the high-resolution FLIR Boson, which is equipped with an Intel® Movidius Myriad 2 Vision Processing Unit, a sophisticated, low-power multi-core vision processor that fits within a compact footprint package ideal for automobiles. The ADK is also compatible with the NVIDIA® DRIVE autonomous vehicle computing platform.

“FLIR thermal imaging sensors have played a critical role in enhancing driver safety for more than a decade, and using them for advanced driver assistance systems in self-driving cars is a natural evolution,” said James Cannon, President and CEO of FLIR. “With our latest high-resolution automotive development kit, automakers can develop and integrate thermal imaging technology in self-driving cars easier, faster, and with low cost of ownership.”

FLIR will demonstrate the ADK on the NVIDIA DRIVE PX2 at CES 2018 in the FLIR booth at the Las Vegas Convention Center, South Hall 3, #31160. The FLIR ADK is available for purchase today. To learn more, visit http://www.flir.com/adk/.

About FLIR Systems, Inc.

Founded in 1978 and headquartered in Wilsonville, Oregon, FLIR Systems is a world-leading maker of sensor systems that enhance perception and heighten awareness, helping to save lives, improve productivity, and protect the environment. Through its nearly 3,500 employees, FLIR’s vision is to be “The World’s Sixth Sense” by leveraging thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. For more information, please visit www.flir.com and follow @flir.

Forward-Looking Statements

The statements of opinion in this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates, and projections about FLIR’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including risks and uncertainties discussed from time to time in FLIR’s Securities and Exchange Commission filings and reports. Such forward-looking statements speak only as of the date on which they are made and FLIR does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release, or for changes made to this document by wire services or Internet service providers.

1 ABI Research, Advanced Driver Assistance Systems, Third Quarter 2017

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e9f60f49-88af-47ec-a990-3252c2b9c67d

Media Contact:
Tim McDowd
Phone: 503-498-3146
Email: tim.mcdowd@flir.com

Investor Relations:
Shane Harrison
Phone: 503-498-3547
Email: shane.harrison@flir.com

Document Security Systems, Inc. Names IT Executive Vincent Lum President of DSS Asia

ROCHESTER, N.Y., Jan. 08, 2018 (GLOBE NEWSWIRE) — Document Security Systems, Inc. (NYSE American:DSS), a leader in anti-counterfeit, authentication, and diversion protection technologies whose products and solutions are used by governments, corporations and financial institutions to defeat fraud and to help ensure the authenticity of both digital and physical financial instruments, identification documents, sensitive publications, brand packaging and websites, announced today that Mr. Vincent Lum has been named President of DSS Asia.

Mr. Lum will be responsible for strategic DSS business expansion in the Asia Pacific market.  Mr. Lum will lead the Asia Pacific operation including management of customer support, implementation, product marketing, and product development in the region.  As part of the DSS expansion to Asia, Mr. Lum will also oversee regional growth in the DSS infrastructure to service product opportunities in the market.

“We see very strong demand for our products in the Asia Pacific market. The region is plagued by counterfeit products which are more than just a nuisance, in fact, they are a significant public health threat,” said Jeff Ronaldi, CEO of DSS. “Adding Vincent is a major step forward in our expansion plans.  He has extensive experience in bringing technology products to the Asia Pacific market, in combination with strong product development knowledge.  Under his leadership, we are building a very robust Asia Pacific presence.”

“Counterfeiting is a serious and growing problem in the Asia Pacific marketplaces.  I am very much looking forward to establishing a DSS presence, with its proven technology and years of brand protection experience, in this region,” stated Mr. Lum. “The Asia operation will not only be a sales and marketing operation, but also a technology and development extension of U.S. headquarters, where we will be actively building resources to enhance our digital product offerings.”

Mr. Lum has extensive experience in the IT industry, the consumer electronics market, and with product development and strategic marketing spanning the past 25 years.   Prior to joining DSS, Mr. Lum was CEO of HotApp International, an integrated community and e-commerce platform based on mobile applications.  From 2009-2014 Lum was founder and CEO of FUNboxx, Ltd., a software developer in internet security for kids, and from 2006-2007 he was CEO of Vitop, Ltd. In Hong Kong where he managed all business aspects for their Wellness and Healthcare division.  Mr. Lum was the Head of Consumer Products and the Asia Pacific Marketing Director for YORK International (now Johnson Controls) from 2003-2006.   From 1999-2004 Mr. Lum held executive positions of Regional VP, Korea and Japan; Director of Marketing; and CEO, iCommerce for publicly-listed Datacraft Asia.  While at Datacraft Asia, Lum grew the Korean business to over $80 million and developed the China Digital Network Business into a $100 million unit in four years.  Mr. Lum was Marketing Director, Asia Pacific, Global Consumer Line of Business Director and a Member of Global Executive Team with Apple from 1995-1998.  Mr. Lum received his BSc in Electronics Engineering from the University of Essex in 1985.

ABOUT DOCUMENT SECURITY SYSTEMS, INC.
For over 15 years, Document Security Systems, Inc. (“DSS”) has protected corporations, financial institutions, and governments from sophisticated and costly fraud.  DSS’ innovative anti-counterfeit, authentication, and brand protection solutions are deployed to prevent attacks which threaten products, digital presence, financial instruments, and identification.  AuthentiGuard®, the company’s flagship product, provides authentication capability through a smartphone application so businesses can empower a wide range of employees, supply chain personnel, and consumers to track their brands and verify authenticity.  For more information visit dsssecure.com.

Keep up-to-date on DSS events and developments by joining our online communities at Facebook, Twitter  LinkedIn and our DSS Investor Update List.

FORWARD-LOOKING STATEMENTS
Forward-looking statements that may be contained in this press release, including, without limitation, statements related to the Company’s plans, strategies, objectives, expectations, potential value, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act and contain words such as “believes,” “anticipates,” “expects,” “plans,” “intends” and similar words and phrases. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results projected in any forward-looking statement. In addition to the factors specifically noted in the forward-looking statements, other important factors, risks and uncertainties that could result in those differences include, but are not limited to, our ability to continue the growth in sales of AuthentiGuard and manage our expenses, as well as those risks disclosed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, filed  with the Securities and Exchange Commission on March 28, 2017.  Forward-looking statements that may be contained in this press release are being made as of the date of its release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.

Contact: 
Investor Relations 
Jody Janson
Document Security Systems, Inc.
Tel: (585) 232-5440
Email: ir@dsssecure.com