News: Press Release: July 26, 2011

iWatt Adds Kaj den Daas and Brian McDonald to Board of Directors

Los Gatos, CA – July 26, 2011 - iWatt, Inc., a developer of energy-efficient digital power supply control integrated circuits (ICs) used in leading-edge power supplies, today announced that Kaj den Daas and Brian McDonald will join its Board of Directors.

Mr. den Daas brings iWatt his substantial lighting industry expertise and connections in various LED markets. As chairman of Philips Lighting North America and executive vice president of Philips Lighting B.V., he has led the North American unit of Philips, the world’s largest lighting producer. den Daas is currently involved as independent director of LUXIM Corp., a VC-backed developer of light-emitting plasma lamps, as independent non-executive chairman of GLO AB, a VC-backed developer of early-stage nano-wire technology LEDs, and as independent non-executive director of NVC Lighting, the largest domestic lighting company in China.

Mr. McDonald brings iWatt his decades of financial and strategic corporate positioning expertise in semiconductor companies, and will serve as the chairman of iWatt’s Audit Committee which ensures accurate financial reporting and controls. During his seven-year tenure as vice president of finance and CFO at power-IC-company Advanced Analogic Technologies, McDonald took the company public and managed all financial, investor relations and human resource functions. He has served as vice president of finance and CFO at both Monolithic Power Systems and at Elantec Semiconductors. McDonald has also held various financial positions at National Semiconductor and other high-tech firms.

“Kaj has shown exceptional leadership and vision in his career,” said Ron Edgerton, president and CEO of iWatt. “His lighting industry expertise and connections in LED markets will serve iWatt well as we continue to develop ICs for the LED solid state lighting and LED TV power markets.”

“iWatt’s unique digital power control technology cuts the costs and power consumption for various devices and has enabled the company to excel in its target markets,” said Mr. den Daas. “I look forward to guiding iWatt’s continued innovations for the LED markets.”

“Brian knows the ins and outs of power IC companies and markets,” said iWatt’s Edgerton. “He understands the demands of Sarbanes-Oxley and will be a key mentor for management as we maximize iWatt’s potential.”
“iWatt’s patented digital control and advanced analog technologies combine to provide sustainable competitive advantages in several high-growth markets,” said Mr. McDonald. “I look forward to an exciting ride with iWatt.”

About iWatt, Inc.

Privately-held iWatt, Inc. is a power control IC company that designs, develops, and markets semiconductor products for the communication and consumer market segments. The company's patented digital control expertise raises the bar in power supply price/performance metrics. iWatt is currently working with market leaders in the communications, networking, flat panel display, and consumer electronics markets to develop high-density, high-value AC-DC, and DC-DC power supplies. iWatt is backed by VantagePoint Capital Partners and Sigma Partners, two leading CleanTech investors, and Horizon Ventures. The company is headquartered in Los Gatos, CA with additional offices in Taipei, Taiwan; Seoul, Korea; Tokyo, Japan; Shenzhen, China; and Hong Kong. For more information, visit www.iwatt.com or call (408) 374-4200.

Media Contacts:
Sal Sestito
(408) 628-6510
media@iwatt.com

Michelle Moody
Moody & Associates
(214) 363-3460
michelle@moodypr.com

News: Press Release: July 26, 2011

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