News: Press Release: October 28, 2003

iWatt, Inc. Appoints Semiconductor Industry Veteran Curtis Davis President and Chief Executive Officer

LOS GATOS, Calif., October 28, 2003 - iWatt, Inc., a leading power management company announced today that Curtis Davis has been appointed as president and chief executive officer. Davis, who has more than 25 years experience in the semiconductor industry, brings significant operating and technology development expertise that will be instrumental in driving new company growth.

Davis joins iWatt from Analog Devices, where he served as vice president and general manager of Analog Devices' Silicon Valley operations, primary producers of the company's precision amplifier and power management product lines. He was responsible for business strategy, implementation of products and services, and the execution of marketing, engineering and finance for these multi-million dollar businesses.

"There is a clear need to enable cost effective, energy efficient, high quality power management devices for industrial, computing and consumer devices today," said Davis. "I am impressed with the potential in iWatt's business strategy, the strength of its technology portfolio, the talents of its employees and its strong investor base. I'm eager to align these assets to build a company that sets the standard for delivering high value to all of its customers."

Throughout his distinguished career at Analog Devices, Davis has lead several technology and business development initiatives resulting in technology and market share leadership positions for the company. These include the ATE components business, Micro machined Relay and iCoupler technology development. During his career, he has held IC Designer, Design Engineering Manager, and Product Line Director roles. These led to the position of Vice President and General Manager for the multi-million dollar Silicon Valley based Business Unit located in San Jose, CA.

"Curtis brings the right balance of technology, management and product execution experience that is needed as the company brings its products to market," said Art Collmeyer, chairman of the board. "We believe his track record of entrepreneurial vision, customer service and driving business fundamentals, will allow Curtis to have an immediate impact on iWatt."

Davis holds a BSEET from the University of Massachusetts at Lowell and is a graduate of the Executive Leadership Program at Boston University.

About iWatt

iWatt, Inc. is a power control IC company that designs, develops and markets semiconductor products for the computer, communication and consumer market segments. The company's patented digital control technology is raising the bar in power supply price/performance metrics. iWatt is currently working with market leaders in notebook computer, flat panel display and portable devices to develop high density, lowest cost AC/DC power supplies. iWatt, is based in Silicon Valley with headquarters in Los Gatos, CA. For more information, visit www.iwatt.com or call iWatt at (408) 374- 4200.

Press Contact
Doyle L. Slack
Director, Corporate Marketing
408-385-1947
dslack@iwatt.com

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News: Press Release: October 28, 2003

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