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HighBitCoin™ Announces that Dr. Naveed Sherwani Joins as President and Board Member

-- Dr. Sherwani invited to speak about the future of Bitcoin mining at CoinSummit San Francisco

CAMPBELL, SILICON VALLEY, California, March 25, 2014 /PRNewswire/ -- HighBitCoin™ announced that Silicon Valley serial entrepreneur and renowned ASIC design expert Dr.Naveed Sherwani has joined as President of the company. Dr. Sherwani will also join the company's Board of Directors. Dr. Sherwani brings over 25 years of experience in entrepreneurship, technical engineering and general management.

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"We are very pleased that someone of Dr. Sherwani's stature has joined our company and is representing us at CoinSummit San Francisco. As the author of several textbooks and having managed the delivery of over 300 ASIC chips, Naveed brings deep technical knowledge and decades of semiconductor industry leadership to our team. His experience in designing, building and delivering semiconductor solutions will be invaluable to us" said Gangesh Ganesan, CEO of HighBitCoin™.

"It is fascinating to see how crypto currency has taken hold in a very short time frame. The number of ways that the open blockchain protocol can be used to facilitate all kinds of transactions is very exciting. As more businesses adopt bitcoins and transaction volume increases, I foresee the need for a new generation of ASIC-based enterprise class systems that are designed to scale efficiently and process millions of transactions" said Mr. Sherwani.

Prior to Highbitcoin, Dr. Sherwani co-founded Open-Silicon, a leading provider of ASIC solutions. He co-architected the Intel microprocessor design methodology and design environment used in several microprocessors during his years as the founder and General Manager of Intel Microelectronics Services.

He has served on the boards of various companies, including Brite Semicondcutor (Founder), Touchstone Semiconductor, Integration Associates. He currently chairs the Technical Steering Committee of the Global Semiconductor Alliance (GSA).

Dr. Sherwani received his Ph.D from the University of Nebraska-Lincoln and served as a Professor at Western Michigan University.

About HighBitCoin™

HighBitCoin™ is the leading provider of enterprise scale systems and software for crypto-currency mining, blockchain verification and transaction processing. Founded by a group of seasoned entrepreneurs and experts in the Semiconductor, High Performance Computing (HPC), and Networking Systems markets, HighBitCoin™ brings the most advanced technology to mining and transaction processing. HighBitCoin develops datacenter-ready systems with software, ASIC and power management technologies to enable bitcoin mining solutions at the best cost, performance/watt of power and highest quality. HighBitCoin™ is headquartered in Silicon Valley, California, USA with development teams distributed worldwide.

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