Data I/O Announces Fireside Chat Hosted by Automotive Semiconductor Equity Research Analyst Kevin Garrigan of WestPark Capital

Rhea-AI Summary

Data I/O Corporation (DAIO) announced the availability of the second installment of its 2023/2024 fireside chat series of interviews with its President and CEO, Anthony Ambrose. The interview focused on automotive technology advancements and monetization impact, covering topics such as electrification of vehicles, growth trends, and the company's position as the premier automotive electronics programming partner. The series includes interviews from October 2023 through April 2024, featuring respected investment community professionals and business consultants.

Topic: Automotive Technology Advancements & Monetization Impact

REDMOND, Wash.--(BUSINESS WIRE)-- Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced security and data deployment solutions for microcontrollers, security ICs and memory devices, today announced the availability of the second installment of its 2023/2024 fireside chat series of interviews with its President and CEO, Anthony Ambrose. Mr. Ambrose was interviewed by guest host Kevin Garrigan of WestPark Capital*, with the discussion focusing on automotive technology advancements and monetization impact.

The interview is being streamed for public viewing over the Internet and can be accessed via the Webcasts and Presentations section of the Data I/O Corporation website at www.dataio.com and on all the Company’s social media feeds. The websites and online platforms of each of the fireside chat series event hosts are able to carry the interviews on the respective date of publication.

During the interview made available today, Mr. Ambrose discusses:

• How Data I/O’s software-driven innovations led to its position as the premier automotive electronics programming partner with approximately 50 Tier 1 automotive suppliers and OEM (Original Equipment Manufacturer) customers globally and the deployment of over 275 PSV systems in the past 10 years.

• Electrification of vehicles and other significant growth trends expected to impact the next 3-5 years, including:
  • Active safety
  • Dashboard computing
  • Enhanced connectivity
  • Autonomous driving
  • Infotainment
  • Onboard convenience and efficiencies
  • Ride sharing/fractional ownership technologies
  • Mid- and lower-level end of market expected to follow higher end market with accelerating growth in electronics content per vehicle

Guest Host: Kevin Garrigan of WestPark Capital

Kevin Garrigan is a Senior Research Analyst at full-service investment bank and broker-dealer WestPark Capital covering automotive and semiconductors, as well as disruptive technology companies. He brings four years of sell-side experience to the firm, previously working at Rosenblatt Securities helping cover semiconductor & semiconductor test equipment sectors. Kevin began his career on the buy-side working for George McKelvey Co. Kevin holds a bachelor’s degree in economics and psychology from James Madison University, and he currently holds series 7, 66, 86, and 87 registrations.

Data I/O 2023/2024 Fireside Chat Series Schedule:

The series will include interviews from October 2023 through April 2024. In order of anticipated production and initial release, interviews will be made available by Data I/O and the respective session host as detailed below:

Sustainability Strategies for the Auto Industry
Guest Host: Lucas Doub of ZMH Advisors

Automotive Technology Advancements & Monetization Impact
Guest Host: Kevin Garrigan of WestPark Capital*

AI Programming Security Requirement – with Special Guest Data I/O CTO Rajeev Gulati
Guest Host: Vishal Mishra of Bard Associates**

Semiconductor Programming Growth Opportunities
Guest Host: David Williams of Benchmark Company

Onshoring/Near Shoring Trends & China-Plus 1
Guest Host: Dave Marsh of Singular Research*

Smart Factory Industrial Applications
Guest Host: Avi Fisher of Long Cast Advisors**

*Equity research analyst with coverage of Data I/O Corp. as of the date of this press release.
**Owns shares of Data I/O Corp. as of the date of this press release.

The interviews will be streamed for public viewing over the Internet and accessible upon publication through links made available in the Webcasts and Presentations section of the Data I/O Corporation website at www.dataio.com and on all the Company’s social media feeds. The websites and online platforms of each of the fireside chat series event hosts will at their discretion carry the interviews on the respective date of publication. Data I/O is pleased to have guest hosts who are respected investment community professionals, financial newsletter writers/influencers and business consultants on important and timely topics relating to the Company, its platform technologies, and the global business environment.

About Data I/O Corporation

Since 1972, Data I/O has developed innovative solutions to enable the design and manufacture of electronic products for automotive, Internet-of-Things, medical, wireless, consumer electronics, industrial controls, and other electronics devices. Today, our customers use Data I/O’s data programming solutions and security deployment platform to secure the global electronics supply chain and protect IoT device intellectual property from point of inception to deployment in the field. OEMs of any size can program and securely provision devices from early samples all the way to high volume production prior to shipping semiconductor devices to a manufacturing line. Data I/O enables customers to reliably, securely, and cost-effectively bring innovative new products to life. These solutions are backed by a portfolio of patents and a global network of Data I/O support and service professionals, ensuring success for our customers. Learn more at dataio.com/Company/Patents.

Forward Looking Statement & Disclaimers

Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, expected expenses, orders, deliveries, backlog and financial positions, semiconductor chip shortages, supply chain expectations, as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements.

Forward-looking statement disclaimers also apply to the global COVID-19 pandemic, including the effects on the Company’s business from Shanghai’s COVID-19 lockdowns and recovery, impact on the demand for the Company’s products, and the Russian invasion of Ukraine including any related international trade restrictions. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, shipping availability, installations and acceptance, accrual of expenses, coronavirus related business interruptions, changes in economic conditions, part shortages and other risks including those described in the Company's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.

Participation in the Data I/O Fireside Chat Series is voluntary, and no compensation is provided to guest hosts. Reference made to guest hosts, including equity research analysts and investors, in connection with this announcement and related interviews or any opinions, estimates or forecasts regarding Data I/O’s performance made by them are theirs alone and do not represent opinions, forecasts or predictions of Data I/O or its management. Data I/O does not by its reference above or distribution of marketing content in connection with the Fireside Chat Series imply its endorsement of or concurrence with such information, conclusions, or recommendations by the guest hosts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231212725570/en/

Data I/O Corporation

Jennifer Higgins

Director Corporate Marketing

425-867-6922

higginj@dataio.com

Investor Relations

Darrow Associates, Inc.

Jordan Darrow

512-551-9296

jdarrow@darrowir.com

Source: Data I/O Corporation

FAQ

What did the interview with Anthony Ambrose focus on?

The interview focused on automotive technology advancements and monetization impact.

Where can the interview be accessed?

The interview can be accessed via the Webcasts and Presentations section of the Data I/O Corporation website at www.dataio.com and on all the Company’s social media feeds.

What topics were discussed during the interview?

Topics discussed included Data I/O’s software-driven innovations, electrification of vehicles, growth trends, and the company's position as the premier automotive electronics programming partner.

Who are the guest hosts for the fireside chat series?

The guest hosts include respected investment community professionals, financial newsletter writers/influencers, and business consultants.

What is the schedule for the Data I/O 2023/2024 Fireside Chat Series?

The series will include interviews from October 2023 through April 2024, featuring topics like sustainability strategies for the auto industry, AI programming security requirements, semiconductor programming growth opportunities, and more.