Power Integrations Appoints Rafael Torres as Chief Financial Officer

July 17, 2006

SAN JOSE, Calif.--(BUSINESS WIRE)--July 17, 2006--Power Integrations (Nasdaq: POWI) , the leader in high-voltage analog integrated circuits for power conversion, today announced that Rafael Torres has been appointed chief financial officer and vice president, finance and administration, effective July 19, 2006.

Since 2000, Mr. Torres has served as chief financial officer of PLX Technology, Inc., the leading supplier of PCI Express and other standard input/output interconnect silicon for the communications, server, storage, embedded-control and consumer industries. Prior to joining PLX, he served in financial management roles at OnCommand Corporation, a provider of on-demand video services, and at Silicon Valley Group, a semiconductor equipment company. He also served as a senior auditor with PriceWaterhouse LLP, and is a Certified Public Accountant.

"We are delighted to have Rafael Torres join our senior management team," said Balu Balakrishnan, president and CEO of Power Integrations. "Rafael has a strong financial background in semiconductors and other high-tech industries, and has established a track record of executive leadership. His energy and experience will be invaluable to Power Integrations as we execute our growth strategy."

"I am excited to join Power Integrations as it continues to revolutionize the power supply industry," said Mr. Torres. "PI is clearly the leading innovator in IC technology for power supplies, backed up by a highly defensible patent portfolio. With a robust product offering, strong management team and excellent financial position, PI has all the pieces in place to capitalize on the growth opportunities ahead of it. I look forward to helping the company deliver on its enormous potential."

About Power Integrations

Power Integrations, Inc. is the leading supplier of high-voltage analog integrated circuits used in power conversion. The company's breakthrough integrated-circuit technology enables compact, energy-efficient power supplies in a wide range of electronic products, in both AC-DC and DC-DC applications. The company's EcoSmart® energy-efficiency technology, which dramatically reduces energy waste, has saved consumers and businesses around the world more than an estimated $1.6 billion on their electricity bills since its introduction in 1998. For more information, visit the company's website at www.powerint.com. To receive Power Integrations news releases via e-mail, register at http://www.b2i.us/irpass.asp?BzID=1306&to=ea&s=0 .

Note Regarding Forward-Looking Statements

This press release contains forward-looking statements regarding the company's ability to execute on its growth strategy and deliver on its potential. These statements involve risk and uncertainty, and actual results could differ from those projected or implied. These forward-looking statements are based on current information that is, by its nature, subject to change. Forward-looking statements are denoted by the use of such words and phrases as "will," "look forward," and other words and phrases that look toward future events or performance. Risk factors that could cause actual results to differ from those projected or implied are explained in the company's most recent annual report on Form 10-K, filed with the SEC on March 16, 2005, and its most recent quarterly report on Form 10-Q, filed on November 7, 2005. The company is under no obligation (and expressly disclaims any obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.


Power Integrations, Inc. Joe Shiffler, 408-414-8528 jshiffler@powerint.com
NASDAQ: POWI $117.24 -0.38
-0.32% Volume: 222,691 August 11, 2020

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