News: Press Release: July 24, 2006

iWatt Appoints Don Devost to the Post of Chief Financial Officer

July 24, 2006 - Los Gatos, CA - iWatt, Inc., a leader in digital power conversion IC technology, announced today that Don Devost has joined the company in the role of chief financial officer. Devost, who has more than 15 years experience in the semiconductor industry, brings significant financial management and expertise that will be instrumental in furthering the growth of the company.

Devost joins iWatt from Analog Devices where he served most recently as Director of Finance and Operations for the World-wide Sales Division of Analog Devices. Prior to that, he held various product line controllership positions and managed the cost accounting function for the company’s largest manufacturing location in Wilmington, MA. Previously, he worked for IBM Microelectronics in financial planning.

“I’m excited that Don has joined the iWatt team” said Curtis Davis, president and CEO of iWatt. “We are making the transition from a technology-based start-up to a revenue and profit generating company. Don’s strong financial background and proven track record in supporting critical business decisions will be vital to building a world-class company,”

Mr. Devost holds a Bachelors of Arts in Economics from Georgetown University and an MBA in Finance and Accounting from Cornell University’s Johnson Graduate School of Management.

About iWatt, Inc.
iWatt, Inc. is a power control IC company that designs, develops and markets semiconductor and power system products for the computer, communication, consumer and industrial market segments. The company's patented digital control and power system architecture expertise raises the bar in power supply price/performance metrics. iWatt is currently working with market leaders in the computing, telecom, networking, flat panel display and portable device markets to develop high density, high value AC-DC and DC-DC power supplies. iWatt is based in Silicon Valley with headquarters in Los Gatos, CA, and offices in Fort Collins, CO; Taipei, Taiwan; Shenzhen, China; and Hong Kong. For more information, visit www.iwatt.com or call iWatt at (408) 374-4200.

Press Contact
Doyle L. Slack
Director, Corporate Marketing
408-385-1947
sales@iwatt.com

News: Press Release: July 24, 2006

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