Openwave Systems Inc. (Nasdaq: OPWV), a global software innovator
delivering all-Internet Protocol (all-IP) mediation and messaging
solutions, today announced that Henry R. "Hank” Nothhaft has joined its
board of directors. He has also been appointed to serve as chairman of
Openwave’s newly-created Intellectual Property Committee which includes
David Nagel and Gerald Held.
Nothhaft brings 35 years of experience in the telecommunications and
networking industries. He most recently served as the Chairman and CEO
of Tessera Technologies Inc. (NASDAQ: TSRA), a semiconductor
miniaturization firm, where he was instrumental in furthering Tessera’s
intellectual property strategy including licensing and litigation. Prior
to Tessera, he served as CEO of Danger, Inc., which developed the
popular T-Mobile Sidekick smartphone. Nothhaft engineered Danger’s
acquisition by Microsoft in 2008 for $500 million.
"I am pleased that Hank Nothhaft has agreed to join the Openwave board
and lead our newly-created intellectual property committee. Hank brings
valuable industry and intellectual property licensing and litigation
experience which will prove helpful as we execute our strategy to derive
value from Openwave’s patent portfolio,” said Peter Feld, Chairman of
the Board of Openwave. "I look forward to his close collaboration with
the Openwave Board and management team as we continue to pursue
opportunities to drive shareholder value.”
Nothhaft also held the role of chief executive officer at an early
internet service provider that pioneered guaranteed network performance
and created one of the fastest growing companies in the U.S., Concentric
Network, where he led the company to a $70 million initial public
offering and later a $2.9 billion acquisition by Nextlink Communications
(now XO Communications).
His leadership with pioneering startups, Telenet Communications and
Digital Switch, helped revolutionize the telecommunications services
industry and provided the foundation for electronic messaging services
and the Internet.
Nothhaft is also a highly-successful entrepreneur and advocate of smart
innovation policies in Washington, D.C. His new book Great Again:
Revitalizing America’s Entrepreneurial Leadership has become a
national bestseller. He is a graduate of the U.S. Naval Academy and
served in Vietnam as a Captain in the U.S. Marine Corps.
Nothhaft has an MBA in Information Systems Technology from George
Washington University and received the Distinguished Eagle Scout Award.
About Openwave
Openwave
Systems Inc. (Nasdaq: OPWV) is a global software innovator
delivering all-IP mediation and messaging solutions that enable
communication service providers to create and deliver smarter services.
Building on its mobile data heritage, Openwave mobilizes the Internet
with data-driven solutions that comprehensively enhance IP traffic and
increase the value of the mobile network. Openwave arms its customers
with a 360-degree view of network activity plus the tools to help them
proactively optimize network resources (Congestion
Control), react to user behavior with smarter data plans and
services (Price
Plan Innovation), and deliver a contextually relevant messaging
experience (Converged
Messaging).
Openwave is a global company with a blue chip customer base spanning
North America, Latin America, Australia and New Zealand, Asia, Africa,
Europe, and the Middle East. Openwave is headquartered in Redwood City,
California.
Cautionary Language Regarding Forward-Looking Statements
The statements in this press release with respect to the beliefs of
Openwave regarding the prospects of the litigation it has launched, and
the effects that a favorable outcome in the litigation will have, are
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1943 and Section 27A of the Securities Act of
1933. These forward-looking statements are subject to many risks and
uncertainties that could cause actual results to differ materially from
those projected. Notwithstanding changes that may occur with respect to
matters relating to these forward looking statements, Openwave assumes
no obligation to update the forward-looking statements included in this
press release except as required by law.
In particular, the following risks, among others, could cause actual
results to differ materially from those projected: (a) intellectual
property litigation is inherently uncertain, and no outcome can be
guaranteed; (b) other entities may assert rights to Openwave’s
intellectual property, which may weaken Openwave’s position in any
litigation; (c) the cost of litigation is uncertain and may be very
high, which may cause Openwave to settle the litigation for amounts less
than amounts to which it believes it is entitled; (d) defendants in the
litigation may assert counterclaims which may reduce the strength of
Openwave’s claims; and (e) those risks discussed in Openwave’s filings
with the U.S. Securities and Exchange Commission ("SEC"), including
under the caption "Risk Factors” in the company's Annual Report on Form
10-K for the fiscal year ended June 30, 2011. These documents are
available through the SEC's Electronic Data Gathering Analysis and
Retrieval system (EDGAR) at www.sec.gov
or from Openwave's website at www.openwave.com.
Openwave is a trademark of Openwave Systems Inc. All other trademarks
are the properties of their respective owners.
