Technology and Market Leaders to Be Recognized With Top Honors at Embedded
Systems Conference Event
FREMONT, Calif., March 2 /PRNewswire-FirstCall/ -- Virage Logic
Corporation (Nasdaq: VIRL), a leading provider of semiconductor intellectual
property (IP) platforms, was named one of the five finalists competing for the
EE Times ACE (Annual Creativity in Electronics) Award in the Small/Medium
Sized Company of the Year category.
This award celebrates the company with under $1 billion in sales that
exhibits the highest degree of professionalism in staff development and
retention, customer focus, technical excellence and profitable growth,
demonstrating themselves as a true leader in the electronics sector. The
winner will be announced at an awards gala to be held at the Embedded Systems
Conference on March 9, 2005, at the Moscone Center in San Francisco.
Long considered a technology leader in physical IP platforms comprising
logic, memories and I/Os, Virage Logic is extending its position to market
leader as well, particularly at advanced process nodes such as 130-nanometer
(nm) and below. In order to achieve this technology and market leadership
position, Virage Logic invested early in technology to address the challenges
designers face at each new process node. This investment is evidenced in the
company's recent introduction of Silicon Aware IP(TM), a new class of IP that
tightly integrates Physical IP such as memories, logic and I/Os, with embedded
Infrastructure IP for test, diagnostics, repair and yield enhancements
resulting in higher yields and faster time-to-volume at advanced process
nodes.
"Virage Logic is honored to be selected as a finalist in a field that's so
populated with outstanding innovators and talented business managers," said
Jim Ensell, vice president of marketing at Virage Logic. "We are pleased that
our commitment to technology leadership and quality, and our 30% growth in
2004, are being recognized as part of this prestigious award program."
A respected panel of judges, made up of industry visionaries, leading
technologists, educators and Wall Street executives, selected the finalists
from a total of more than 340 entries in seven categories.
For more information about Virage Logic and Silicon Aware IP, please go to
http://www.viragelogic.com.
About EE Times ACE Award and Opportunities
The EE Times ACE Awards were created to recognize the people, companies
and products that show leadership in the electronics industry and will honor
those who are leading the way and making positive contributions-the creators
of technology. Awards will be presented at a first-ever awards gala held
during CMP Media's Embedded Systems Conference in San Francisco on March 9,
2005, from 7 p.m. to 10 p.m. at the Moscone Center. To purchase tickets or a
table and to learn more about the event, visit http://www.eetimes.com/ace.
About Virage Logic Corporation
Founded in 1996, Virage Logic Corporation rapidly established itself as a
technology and market leader in providing advanced embedded memory
intellectual property (IP) for the design of complex integrated circuits.
Today the company is a global leader in semiconductor IP platforms comprising
embedded memories, standard cells, and I/Os and is pioneering the development
of a new class of IP called Silicon Aware IP. Silicon Aware IP tightly
integrates Physical IP (memory, logic and I/Os) with the embedded test,
diagnostic, and repair capabilities of Infrastructure IP to help ensure
manufacturability and optimized yield at the advanced process nodes. Virage
Logic's highly differentiated product portfolio provides higher performance,
lower power, higher density and optimal yield to foundries, integrated device
manufacturers (IDMs) and fabless customers who develop products for the
consumer, communications and networking, hand-held and portable, and computer
and graphics markets. The company's comprehensive quality efforts are
validated in its FirstPass-Silicon Characterization Lab, which helps ensure
high quality, reliable IP across a wide range of foundries and process
technologies. Headquartered in Fremont, California, Virage Logic has R&D,
sales and support offices worldwide. For more information, visit
http://www.viragelogic.com.
SAFE HARBOR STATEMENT FOR VIRAGE LOGIC UNDER THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995:
Statements made in this news release, other than statements of historical
fact, are forward-looking statements, including, for example, statements
relating to trends, business outlook, products, and customer relationships.
Forward-looking statements are subject to a number of known and unknown risks
and uncertainties, which might cause actual results to differ materially from
those expressed or implied by such statements. These risks and uncertainties
include Virage Logic's ability to forecast its business, including its
revenue, income and order flow outlook; Virage Logic's ability to execute on
its strategy to become a provider of semiconductor IP platforms; Virage
Logic's ability to continue to develop new products and maintain and develop
new relationships with third-party foundries and integrated device
manufacturers; adoption of Virage Logic's technologies by semiconductor
companies and increases or fluctuations in the demand for their products; the
company's ability to overcome the challenges associated with establishing
licensing relationships with semiconductor companies; the company's ability to
obtain royalty revenues from customers in addition to license fees, to receive
accurate information necessary for calculating royalty revenues and to collect
royalty revenues from customers; business and economic conditions generally
and in the semiconductor industry in particular; competition in the market for
semiconductor IP platforms; and other risks including those described in the
company's Annual Report on Form 10-K for the period ended September 30, 2004,
and in Virage Logic's other periodic reports filed with the SEC, all of which
are available from Virage Logic's website (http://www.viragelogic.com) or from the
SEC's website (http://www.sec.gov), and in news releases and other communications.
Virage Logic disclaims any intention or duty to update any forward-looking
statements made in this news release.
NOTE: All trademarks and copyrights are property of their respective
owners and are protected therein.
SOURCE Virage Logic Corporation
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Related links:
http://www.viragelogic.com
CONTACT:
Sabina Burns of Virage Logic Corporation,
+1-510-743-8115, or sabina.burns@viragelogic.com; or Kerry
McClenahan of McClenahan Bruer Communications, +1-503-546-1002,
or kerry@mcbru.com, for Virage Logic
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