Symmetricom Announces Justin Spencer as New Chief Financial Officer

  
    
  
  
    
      Symmetricom, Inc. (NASDAQ: SYMM), a worldwide leader in precise time and 
      frequency technologies that accelerate the deployment and enable the 
      management of next generation networks, today announced Justin Spencer 
      has been named chief financial officer (CFO) and executive vice 
      president, effective September 30, 2008. Mr. Spencer was most recently 
      the CFO at Covad Communications, a national communications service 
      provider, overseeing all financial, accounting, human resources and 
      corporate development activities. Mr. Spencer began his employment with 
      Covad in the product management organization.
    
    
      “We welcome Justin to Symmetricom’s 
      executive team,” said Thomas Steipp, president 
      and chief executive officer of Symmetricom. “Justin’s 
      extensive strategic and financial management leadership skills will be 
      of great value as we grow our core business and extend into new markets. 
      His in-depth knowledge of the communications industry will enable him to 
      help guide the company towards its goals.”
    
    
      “I am excited to join the Symmetricom team,” 
      said Justin Spencer. “I look forward to 
      working with my new colleagues, the company’s 
      investors and contributing to the future success of Symmetricom.”
    
    
      Prior to Covad, Mr. Spencer worked for Hewlett-Packard, helping to build 
      its highly successful service provider business. Mr. Spencer has held 
      positions in product management, business strategy, finance and 
      corporate development in several industries including chemicals, 
      financial services, healthcare, technology and telecommunications. He 
      received a bachelor’s degree in accounting 
      from the University of Utah and a master’s 
      degree from The Wharton School of Business.
    
    
      About Symmetricom, Inc.
    
    
      As a worldwide leader in precise time and frequency products and 
      services, Symmetricom provides “Perfect Timing” 
      to customers around the world. Since 1985, the company’s 
      solutions have helped define the world’s time 
      and frequency standards, delivering precision, reliability and 
      efficiency to wireline and wireless networks, instrumentation and 
      testing applications and network time management. Deployed in more than 
      90 countries, the company’s synchronization 
      solutions include primary reference sources, building integrated timing 
      supplies (BITS), GPS timing receivers, time and frequency distribution 
      systems, network time servers and ruggedized oscillators. Symmetricom 
      also incorporates technologies including Universal Timing Interface 
      (UTI), Network Time Protocol (NTP), Precision Time Protocol (IEEE 1588), 
      and others supporting the world’s migration 
      to Next Generation Networks (NGN). Symmetricom is based in San Jose, 
      Calif., with offices worldwide. For more information, visit www.symmetricom.com.