David R. Van Valkenburg Named to Harmonic Board of Directors
Van Valkenburg has held top leadership and key executive positions at trend-setting cable and communications service providers in the United States and Europe. His past experience includes: Chief Executive Officer for Telewest Communications, a leading broadband communications and media company in the U.K.; Executive Vice President of MediaOne Group, Inc. located in Colorado; President of Multivision Cable TV Corp, headquartered in Greenwich, Connecticut; and President of Cox Cable Communications, Inc. based in Atlanta, Georgia. Van Valkenburg is currently on the board of directors of several public and private companies -- such as MDSI of British Columbia, Canada -- in addition to his current role as Chairman of Balfour Associates.
"The convergence of the video, telephony, and Internet services is driving a new generation of service providers and service packages for both businesses and consumers. David is a true industry pioneer and visionary who has been instrumental in evolving the industry far beyond its traditional entertainment focus," said Anthony Ley, Chairman, President, and Chief Executive Officer of Harmonic. "We look forward to the benefit of his experience, knowledge, and counsel as Harmonic expands into new market segments and geographies."
The Harvard University-educated Van Valkenburg was honored as a Member of the Cable TV Pioneers. He has served and continues to serve on the boards of directors for numerous non-profit organizations and cable industry associations in addition to the editorial boards of key industry publications. These include prestigious organizations such as the Walter Kaitz Foundation, Cable in the Classroom, the National Cable Television Association, the Cable Communications Association (U.K.), Cable and Telecommunications Association for Marketing (CTAM) Publications, and International Cable magazine.
Van Valkenburg succeeds Baryn Futa who is retiring from the Board. Futa has been affiliated with the Company for several years, first as a member of C-Cube Microsystems' Board, then as a Director of Harmonic through its acquisition of C-Cube's DiviCom Division.
"We are very fortunate to have had Baryn on our Board. His guidance has been invaluable in the growth and development of our business," continued Ley. "We wish him the best of luck in his future pursuits."
The other members of Harmonic's Board of Directors are E. Floyd Kvamme, David A. Lane, Barry D. Lemieux, Anthony J. Ley, and Michel L. Vaillaud.
About Harmonic Inc.Harmonic is a leading provider of innovative broadband solutions that deliver video, voice and data to communications providers around the world. Harmonic's technically advanced fiber optic, digital video and IP data delivery systems enable network operators to provide a range of interactive and advanced digital services that include high-speed Internet access, telephony, digital video, HDTV, video & audio streaming, and video-on-demand.
Harmonic (Nasdaq:HLIT) is headquartered in Sunnyvale, California with R&D, sales, and system integration centers worldwide. The Company has customers in over 40 countries on six continents, including many of the world's largest communications providers. For more information, visit www.harmonicinc.com.
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, but not limited to, statements regarding a new generation of service providers and service packages for both businesses and consumers as well as the anticipated benefits of Mr. Van Valkenburg's experience, knowledge, and counsel. These statements involve risks and uncertainties and actual results could differ materially from those projected in the forward-looking statements. For further cautions about the risks associated with investing in Harmonic, we refer you to the risk factors set forth in documents that Harmonic files periodically with the Securities and Exchange Commission, including reports on Form 10-K and 10-Q.
Editor's Note: Product and company names used here are trademarks or registered trademarks of their respective companies.
CONTACT: StreetConnect (for Harmonic)
Michael Newman, 408/542-2760 (Investor Relations)
mnewman@stct.com
or
Aries MarketMasters (for Harmonic)
Dawn Danaher, 714/378-5841 (Media Relations)
danaher@keymaster.com
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