Terayon Announces Appointment of Jerry D. Chase as CEO

SANTA CLARA, Calif., July 26/Satnews Daily/ -- Terayon Communication Systems, Inc. (NASDAQ:TERN) today announced that its Board of Directors has unanimously elected Jerry D. Chase to succeed Dr. Zaki Rakib as CEO of the company.

Chase, 44, most recently was Chairman and Chief Executive Officer of Thales Broadcast & Multimedia, a wholly owned subsidiary of the global electronics company, Thales Group. Chase will join Terayon in his new capacity and as a member of the Board of Directors effective September 8, 2004.

Dr. Zaki Rakib, who will resign his role as CEO and move to the role of Chairman of the Board effective with Chase's arrival, said Chase is recognized for his ability to lead organizations in delivering significant and consistent growth. “His extensive experience over the past fifteen years with companies that serve the broadcasting, cable, satellite and telecommunications industries will help enable Terayon to leverage its technology leadership into new market segments and accelerate innovation for our core cable operator customers.”

Chase brings more than 15 years of experience in technology companies to Terayon. At Thales Broadcast & Multimedia (TBM) Chase ran six operating companies in five countries. Under Chase, TBM took a leading market position in providing systems solutions for MPEG & IP video over DSL networks. TBM is also the global leader in digital terrestrial transmission and during Chase's tenure TBM won two Technical Emmy Awards. Prior to TBM, Chase was General Manager and Sales and Program Management Vice President at General Instrument and Vice President of Systems Engineering and Program Management at Scientific Atlanta. Chase is a former United States Marine Corps Officer and a recipient of the American Legion Aviator's Valor Award.

He earned an MBA from Harvard University and holds a Bachelor of Science in Business Administration from East Carolina University.