INSIDE Secure Appoints Pierre Garnier as Executive Vice President for NFC & Secure Payment Division

  INSIDE Secure Appoints Pierre Garnier as Executive Vice President for NFC &
  Secure Payment Division

Business Wire

AIX-EN-PROVENCE, France -- July 27, 2012

INSIDE Secure, a leader in semiconductor solutions for secure transactions and
digital identity, today announced the appointment of Pierre Garnier as
executive vice president of the NFC and Secure Payment division and member of
the management board, effective as of August 1, 2012. Mr. Garnier replaces
Charles Walton who will be leaving the company later in August to become chief
executive officer of Canadian company SecureKey, a partner of INSIDE Secure in
the NFC and secure transactions industry.

Mr. Garnier’s mission will be to continue driving the NFC business of INSIDE
Secure as the market develops, leveraging the company’s disruptive innovations
such as “NFC booster” on a SIM card, as well as the strong intellectual
property assets of the company. Additionally, he will supervise the
introduction of a new range of secure payment semiconductor platforms for the
future U.S. EMV market.

Prior to joining INSIDE Secure, Mr. Garnier was vice president and general
manager at Texas Instruments (TI), where he was in charge of the worldwide
baseband business and worldwide wireless strategic programs. At TI, he also
managed equity investment and acquisition activities within the wireless
ecosystem. Prior to TI, he was chairman and CEO of Everbee Networks, a company
developing systems-on-chips for personal Internet security devices. Before
that, Mr. Garnier was general manager of the Alcatel Microelectronics
broadband access business, which he founded and turned into a world-leading
ADSL chipset maker before it was acquired by STMicroelectronics in 2002.

A French national, Mr. Garnier graduated from Supelec engineering school and
holds a postgraduate degree in solid-state physics.

Charles Walton will continue to be closely associated with INSIDE Secure as he
will become a member of the advisory board.

Commenting on this appointment, Rémy de Tonnac, chief executive officer of
INSIDE Secure, said: “We are delighted to welcome Pierre to this key position
within the company and are convinced that his experience and impressive
track-record will be key assets for our company. I would also like to thank
Charlie for his exceptional contribution to the development and success of
INSIDE Secure over the last seven years and I am very happy to have him join
our advisory board so that he can keep contributing to INSIDE Secure in a new

About INSIDE Secure

INSIDE Secure (NYSE Euronext: INSD.PA) is a leading designer, developer and
supplier of semiconductors, embedded software and platforms for secure
transactions and digital security. INSIDE mobile NFC, secure payment and
digital security products provide security for a wide range of information
processing, storage and transmission applications. The company’s customers are
found in a wide range of markets including mobile payment, identification
documents, access control, transit, electronic device manufacturing, pay
television and mobile service operators. For more information, visit


Corporate Communication:
Geraldine Saunière, +33 (0) 4 42 39 33 01
Marcom Director
Corman Communications, LLC
Media contact:
Patrick Corman, +1-650-326-9648
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