R&D ALTANOVA ANNOUNCES PROMOTION OF SEYED PARANSUN TO CEO

SOUTH PLAINFIELD, N.J. – March 7, 2017

R&D Altanova, Inc. (www.rdaltanova.com), the leading provider of full turn-key test interface solutions, announced that its Board of Directors has unanimously appointed Seyed Paransun as Chief Executive Officer. Seyed will assume the role of CEO immediately and continue to serve as the Company’s President. James Russell will assume the role of Executive Chairman of the Board providing ongoing executive and technical guidance and Board-level leadership.

“Seyed joined R&D in 2016 and in a short period of time has proven to be a visionary leader with superb execution abilities. We are confident Seyed’s technology background and business experience is well suited to lead the next phase of the company’s growth and success”, said David Belluck, a board member of R&D Altanova and a General Partner at Riverside Partners.

Seyed has an extensive background in the semiconductor and electronics industry. He is best known for his ability to lead change and transform businesses for increased productivity and profitability. Prior to Joining R&D Altanova, Seyed served as Vice President of worldwide back-end operations and operations excellence at Atmel Corporation with responsibilities for both US and Asia facilities. Seyed has also held various executive positions including Vice President and General Manager at NXP as well as Senior Vice President of Test Services at Amkor Technology.

“I am honored to have been chosen by the board to lead R&D Altanova,” Seyed said. “I firmly believe that we can rely on our innovative and customer centric mindset to push boundaries and surpass our goals. We will continue to focus our investments in our employees and in the development of industry leading technology to ensure we can support our customers’ most ambitious technology road maps. I look forward to working with our executive team and our employees in serving our customers and driving growth for our company.”

In his role as Executive Chairman, Mr. Russell remains an employee of the company and will help with its technical strategy and direction. “I am very proud of what we have accomplished during my time as CEO and look forward to being part of the company’s continued success,” added Mr. Russell. “I want to congratulate Seyed on his promotion. I have the utmost confidence that Seyed and the rest of the management team will continue to drive technical and business expansion, ensuring the future success of R&D Altanova.”

About R&D Altanova, Inc.

Celebrating over forty years of excellence in leading-edge, technology driven, quick-turn PWB manufacturing, R&D Altanova specializes in advanced automated test environment interface boards for the semi-conductor test market. Solutions include the simulation, design, layout, fabrication, and component & mechanical assembly of test interface boards.

With offices in New Jersey, California, Pennsylvania, Arizona, Costa Rica, Southeast Asia, Shanghai and Taiwan, R&D Altanova is the leading provider of full turn-key test interface solutions to many of the world’s largest integrated device manufacturers, fabless semiconductor companies and semiconductor foundries. Learn more at www.rdaltanova.com