David Hytha Joins Sofinnova

David Hytha has joined Sofinnova Ventures as an executive-in-residence, focused on mobile telecom opportunities. He previously was with T-Mobile in Europe, as executive vice president of terminals.

PRESS RELEASE

Sofinnova Ventures, a venture capital firm specializing in early-stage Life Science and Information Technology (IT) investments, today announced the addition of David Hytha to the firm's IT team. In his role as Executive-in-Residence, David will help Sofinnova identify exciting investment opportunities in the mobile telecommunications sector, as well as work with portfolio company executives to build and grow their businesses.

” Sofinnova and its portfolio companies will benefit greatly from David's vast knowledge and global experience establishing new companies and technologies,” said Eric Buatois, General Partner of Sofinnova Ventures. “David offers tremendous insight on technology issues, market opportunities, and global operations within domestic and international organizations.”

About David Hytha

David has been developing and growing multiple mobile communications businesses over his 25-year career. Beginning at AT&T in the early 1980s, David established both its semiconductor business in Japan, and its wireless infrastructure operations in Japan. While at AT&T, David founded the first department of Bell Laboratories outside the United States. In 1994, David developed new businesses for AT&T/ McCaw Cellular and started what became FarEasTone, a major GSM operator in Taiwan. While at Motorola in 1994, David was awarded the world's first 3GSM handset contract with NTT DoCoMo. David was also CEO of LGC Wireless, where he shipped the world's first distributed mobile antenna systems. In 1998 he joined Silicon Wave where he shipped the world's first standards-compliant Bluetooth chipset, which sold to RFMD in 2003.

David joined T-Mobile in Europe in 2003 as Executive Vice President, Terminals and led the world's first reverse auction for mobile phones. He was also part of the team that released Web n' Walk, the first open access to the Internet from a major wireless carrier.

David serves on the board of directors of Streamezzo Ltd., Renaissance Wireless and Catalyst Mobile, and he holds an MBA from Columbia University and a BA from the College of the Holy Cross.

About Sofinnova Ventures

Founded in 1974, Sofinnova Ventures is a leading venture capital firm specializing in spin offs and emphasizing a diversified investment strategy through the financing of early stage companies in the life science and information technology sectors. Sofinnova's mission is to create value by providing entrepreneurs with the resources, experience and networks necessary to turn their ideas into profitable businesses. For more information, visit http://www.sofinnova.com .