Wednesday 20th Oct 2010
Press Release
Varioptic Appoints Industry Veteran CEO Hamid Farzaneh
Hamid Farzaneh to Direct Varioptic and Grow the Company into Consumer, Industrial and Professional Mass Markets
Liquid Lens leader Varioptic announced the appointment of Hamid Farzaneh as CEO of Varioptic. This assignment is a key step in the company's plans to commercialize its liquid lens technology. Farzaneh brings expertise in leading global high-growth technology start-ups as well as extensive high volume business experience to Varioptic.
Hamid joins Varioptic at a time when the company is looking to accelerate market penetration, partnering with leading smart phone, industrial automation and security companies, and establish its liquid lens technology as the leading solution for miniaturized still and video cameras.
"Hamid has an ideal blend of industry expertise and leadership savvy and brings an impressive track record of growing companies, boosting performance and driving corporate excellence," said Dirk Kanngiesser, Varioptic’s Chairman of the Board and Founder and Managing Partner of PolyTechnos Venture Partners. "He is the strategic addition that the company needs to build a strong global team and enhance the company's market position internationally."
Prior to joining Varioptic, Farzaneh served as President & CEO for DisplayLink and Executive VP of Sales and Business Development for Silicon Optix Inc. Prior to that, he was COO and co-founder of Motion Sense, and also served as executive vice president and COO of Genesis Microchip, where his leadership helped transform the company from an engineering-driven, high-cost, niche-market enterprise into a dominant chip supplier for the desktop and home digital display markets, resulting in a successful IPO.
"The high volume and high performance digital camera business is a great place to be in right now. Varioptic's liquid lens technology has the potential to dramatically expand still and video capture versatility, capability and usage models. I'm looking forward to the challenge of establishing the company's groundbreaking technology as a dominant technology in this market as well as in the industrial automation, security and medical application markets. I am truly honoured to join an exceptionally innovative, creative and talented team," Hamid Farzaneh said.
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