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Ligos Corp. Appoints Robert Grant as President & CEO

(July 17, 2001)
Ligos Corporation announced that Robert E. Grant has joined the company as its new President and Chief Executive Officer. This appointment signals Ligos' continuing commitment to leadership in the video technology, including its latest initiatives into video applications for the professional, broadcast and network-operator markets.

"Bob's wealth of experience in both telecommunications and networked video will be of great benefit to Ligos Corporation as the company continues to advance its portfolio of MPEG technology into new markets beyond the consumer desktop PC," said Richard Cowart, Chief Technical Officer. "We feel the Ligos management team is now well positioned to commercialize the technology development initiatives we currently have underway."

Mr. Grant will become President and Chief Executive Officer effective immediately. His background includes nearly 20 years of sales and marketing experience with telecom and media companies such as Covad Communications, US West and Xylan Corporation. He has previously served as President and CEO for Interactive Video Enterprises, a privately held venture of US West, and joins Ligos after serving as President and CEO of M2Networx, a provider of video, audio and data collaboration services for the financial and legal communities. Mr. Grant holds an M.S. in Science and Management from the MIT Sloan School of Management.

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