SIMGE Silicon Image (MM)

Retail and Financial Expert Peter Hanelt Appointed to Silicon Image Board SUNNYVALE, Calif., May 19 /PRNewswire-FirstCall/ -- Silicon Image, Inc. (NASDAQ:SIMGE), a leader in multi-gigabit semiconductor solutions for the secure transmission and storage of rich digital media, today announced the appointment of Peter Hanelt to the company's board of directors. A seasoned retail and consumer markets executive, Hanelt has spent the last 30 years in CEO, COO and CFO roles for a variety of public and privately held companies. He is president and founder of a consulting firm specializing in improving operating results, and providing expertise in corporate governance and Sarbanes-Oxley compliance for companies of varying sizes and spanning multiple industries. Most recently Hanelt served as COO and chief restructuring officer of specialty consumer electronics retailer, Good Guys, from 2001-2003, where he led the company from seven years of fiscal losses to profitability in a single year, leading to its successful sale and merger with CompUSA in 2004. Prior to that, Hanelt served as CEO of Natural Wonders, a national retailer and Nasdaq-listed company; COO and CFO of Esprit De Corp, a global apparel manufacturer and retailer; COO and CFO for Post Tool, Inc., a commercial tools manufacturer and retailer; and COO and CFO of Magnetti-Farrow, Inc., a previously private executive and luxury gift items company and subsequently subsidiary of A.T. Cross Co., where he was responsible for leading a broad range of turnaround, acquisition, banking and operational activities aimed at growing and improving company profitability. Hanelt was also a principal of Regent Pacific, a company providing interim executive officers and strategic consulting for its client companies. Silicon Image President and CEO, Steve Tirado, stated, "Pete brings extensive executive-level operating and financial expertise to the Board. His demonstrated success in leading public companies during periods of dramatic change and delivering improved financial results, combined with his vast experience in the retail and consumer markets, will be of tremendous value to Silicon Image as we strive for growing profitability and further expand our consumer offerings." Hanelt commented, "Silicon Image has achieved strong market acceptance of its products and technology standards and has a unique opportunity to capitalize on its success as the consumer, PC and storage markets further converge to address anytime access to rich digital content. I am excited to join the Silicon Image Board and look forward to representing shareholders, and to helping the company to execute on its product and financial strategy." Hanelt has also held CFO, vice president of finance and controller positions at two hospitals in the San Francisco Bay Area: Valley Memorial Hospital and Saint Francis Memorial Hospital; and earlier spent five years on the audit and tax staff at Deloitte & Touche. Hanelt served four years with the U.S. Army and 18 years as an officer in the reserves. He currently sits on the boards of Shoe Pavilion, Inc. and PATELCO and serves on the audit committee of Catholic Healthcare West. Hanelt is a certified public accountant and holds a master's degree in business administration from the University of California, Berkeley and a bachelor's degree in civil engineering from the United States Military Academy at West Point. About Silicon Image Headquartered in Sunnyvale, Calif., Silicon Image, Inc. designs, develops and markets multi-gigabit semiconductor and system solutions for a variety of communications applications demanding high-bandwidth capability. With its proprietary Multi-layer Serial Link (MSL(TM)) architecture, Silicon Image is well positioned for leadership in multiple mass markets including PCs, consumer electronics and storage. Currently, Silicon Image leads the global PC/display arena with its innovative digital interconnect technology, and has emerged as a leading player in the consumer electronics and storage markets by offering robust, high-bandwidth semiconductors. For more information on Silicon Image, visit http://www.siliconimage.com/. Forward-looking Statements This news release contains forward-looking information within the meaning of federal securities regulations. These forward-looking statements include statements related to the benefits of changes in Silicon Image's board composition. These forward-looking statements involve risks and uncertainties, including those described from time to time in Silicon Image's filings with the Securities and Exchange Commission (SEC), that could cause the actual results to differ materially from those anticipated by these forward-looking statements. In particular, see "Management's Discussion and Analysis of Financial Condition and Results of Operations-Factors Affecting Future Results" in the most recent Annual Report on Form 10-K filed by Silicon Image with the SEC. Silicon Image assumes no obligation to update this forward-looking information. NOTE: Silicon Image, MSL and http://www.siliconimage.com/ are trademarks or registered trademarks of Silicon Image, Inc. in the United States and other countries. DATASOURCE: Silicon Image, Inc. CONTACT: Darrel Slack, Chief Financial Officer of Silicon Image, Inc., +1-408-616-1550, or fax, +1-408-830-9531, or Web site: http://www.siliconimage.com/

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