PRESIDIO IN THE NEWS

David J. Kenyon appointed CEO and Patrick Sullivan to CTO for Elevate
Semiconductor

San Diego, CA, December 16, 2019 – Elevate Semiconductor, announced that its Board of Directors has
appointed David J. Kenyon as Chief Executive Officer and member of the Board of Directors. Kenyon
previously held the position of Vice President of Sales and Marketing for Elevate.
The board of directors also appointed Patrick Sullivan to CTO. Patrick previously held the post of CEO.

“During this time of transformation, there is no better person to lead Elevate than David Kenyon,” said
Patrick Sullivan, Elevate’s Founder and Member of the Board of Directors. “David is a proven leader with
a 20 year business career in sales, finance, operations, and marketing to bear as well as his broader
semiconductor industry experience. His vision for the future of the organization is exactly what Elevate
needs as the company enters its next chapter of expanded product innovation and growth.”
Since joining the company in 2018, David has spearheaded major strategy and technical shifts across the
company’s portfolio of products and services. During his tenure overseeing the company’s Sales and
Marketing, the company grew its customer base, outperformed the market and took share from
competition.

Patrick Sullivan, founder and CEO, has moved into the CTO role. As an industry luminary, and inventor
of many of the ICs driving the ATE industry today, Patrick is well-equipped to set a new technology
direction for the company, build out the future roadmap, and assist in bringing new development tools
and methodologies to the company. Chris Puscasiu, Chairman of Elevate states: “We’re equally excited
to have Patrick take on the role of CTO to help Elevate continue to be the innovation leader.”
Founded in 2012, Elevate Semiconductor is the worldwide leader in the design and manufacturing of
Automated Test Equipment (ATE) semiconductors for the automotive, Memory, LCD, Industry and IOT
markets.

http://www.elevatesemi.com