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XID Technologies Appoints Industry Visionary Pasquale Pistorio to Board of DirectorsConcurrently, Facial Recognition Innovator Bolsters Executive Team With Addition of Two New VPsREDWOOD CITY, CA and SINGAPORE -- (Marketwire) -- 08/19/08 -- XID Technologies, a Redwood City, Calif. and Singapore-based innovative facial recognition company, today announced it has appointed microelectronics industry veteran Pasquale Pistorio, Honorary Chairman of STMicroelectronics, to its board of directors. A true visionary with over 40 years of executive experience, Pistorio brings a wealth of business knowledge and an impressive background to the already diverse group of industry experts on XID's board of directors. "The addition of Pasquale to our board of directors is truly a milestone for XID, and it comes at precisely the right time in the company's history," noted Mike Holt, XID's CEO. "On a worldwide scale, facial recognition is quickly being embraced as an increasingly important and reliable tool in both the security and media markets. The opportunities for these applications are truly endless, and having someone of Pasquale's caliber in a guiding role is key to XID's success as we embark on further expanding the acceptance of facial synthesis and recognition technologies." Pistorio began his illustrious career as a salesman for Motorola products and rose through the ranks to become Vice President of Motorola Corporation, demonstrating a business acumen that would be honed even further with his promotion to General Manager of Motorola's International Semiconductor Division. As General Manager, Pistorio was responsible for design, manufacturing and marketing activities for all regions outside of the United States. In 1980, Pistorio was made President and CEO of the SGS Group, the only Italian microelectronics company, which he built into a profitable broadline semiconductor manufacturer. Pistorio's success at the SGS Group led to the successful integration of SGS with French semiconductor powerhouse Thomson Semiconducteurs, forming a powerful new entity, SGS-THOMSON Microelectronics (renamed STMicroelectronics in 1998). Pistorio, as STMicroelectronics' President and CEO, has positioned the company at the highest level in the worldwide ranking of semiconductor companies. Retiring from his position in 2005, Pistorio now serves as Honorary Chairman for STMicroelectonics. Pistorio holds a degree in electronics from the Polytechnic of Turin, Italy. Pistorio has made his mark as a champion of Europe's microelectronics industry over the years, and has garnered much praise along the way, including receiving the "Lifetime Achievement Award" from Reed Electronics Group in 2003; being named to the number one spot in the "Top 25 Movers and Shakers" ranking by Time magazine in 2002; and being voted among the top 50 "Stars of Europe" by Business Week magazine. In order to best capitalize on the burgeoning facial recognition market, XID Technologies has further bolstered its executive management team with the addition of Jorge Silva as vice president of sales and Alex Carrausse as vice president of product and customer support. As XID's newly appointed Vice President of Sales, Jorge Silva brings more than 25 years of high tech industry experience in sales, marketing and corporate development to XID. While holding positions including International Sales Manager for Ricoh's Office Automation Division, Director of European Sales for Euro-Technology, and Senior Vice President of Business Development at Amkor Technology, Silva refined his skills and acquired the deep sales knowledge that he now brings to XID. A serial entrepreneur, Silva has concepted and launched businesses geared towards helping emerging companies conduct business in Asia, as well as owned and managed an Internet marketing solutions franchise. Alex Carrausse, as XID's vice president of product and customer support, will rely upon his experience in the security and biometrics industry as he heads up developing and managing the company's customer and product support global infrastructure. Prior to joining XID, Carrausse worked in product development and system integration for Sagem Defense et Securite. Carrausse has also managed project delivery and customer support operations in Korea, Nigeria, France and the UK. XID is a pioneer that is noted for its facial synthesis technology which detects, recognizes and synthesizes the human face. The company has developed and commercialized leading-edge face recognition, face synthesis and face replacement products. XID's facial synthesis and recognition technologies are utilized for security applications including access control for devices such as PCs, web cams, mobile phone log ins, as well as physical access/door control. The company's patented approach to facial recognition using 3D facial synthesis is the only face recognition solution in the world that is able to function in outdoor, uncontrolled, real world environments. About XID Technologies XID is a technology company with core expertise in computer vision and computer graphics focused on the development of technologies and solutions related to the human face, targeted to the security and media markets. The company offers SDKs and solutions such as face detection, face recognition, face synthesis (real-time 3D simulation of faces from a single photo), 3D face animation, 3D avatars and automatic 3D face replacement in photos as well as videos for the personalization of content. Since April 2003, XID technologies has received several awards, media attention and satisfied customers in recognition of its innovative technologies and solutions. With headquarters in Redwood City, California and Singapore, XID Technologies' software and semiconductor products are sold through its direct sales force and international distributors. More information is available at http://www.xidtech.com.
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Industry leader Pasquale Pistorio joins XID Technologies' Board of Directors, bolstering the innovative facial recognition company as it readies for strong growth and expansion in the increasingly hot security and biometrics market.