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Cadence Expands Research Laboratory to Extend Technology Leadership

Posted on: Monday, 24 September 2007, 12:00 CDT

Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic-design innovation, announced today the opening of a new facility for its research laboratory in Berkeley, Calif. Part of the ongoing commitment at Cadence to develop advanced research facilities around the world, the Cadence Research Laboratories at Berkeley host world-leading multi-discipline researchers as they address next-generation electronic design automation challenges. Mike Fister, president and CEO of Cadence, and Andreas Kuehlmann, director of the Cadence Research Laboratories, will be on hand with industry and community leaders to unveil the 21,000-square-foot facility.

The Cadence Research Laboratories at Berkeley have been a center of technical excellence and thought leadership for 14 years. As the core facility for Cadence's worldwide advanced research activities, this new and larger location strengthens the commitment to global research and innovation at Cadence. Just steps from the University of California at Berkeley, one of the world's most prestigious institutions of higher education and advanced research, the Cadence Research Laboratories are within easy reach of the dynamic economic engine of Silicon Valley.

"Competitiveness is inextricably linked to innovation," said Fister. "Cadence is a sector-leading technology company, and maintaining an innovative edge is what keeps us at the forefront of the global marketplace. Applied research is one of the key investments we make to maintain that edge and extend our technology leadership into the future."

"The Cadence Research Laboratories are a unique and successful model of an applied research lab that has a broad spectrum of engagements with the global academic community, within Cadence and with customers around the world," added Kuehlmann. "Uniting corporate and academic elements, Cadence Research Laboratories drives technology from theoretical research to practical applications that solve our customers' real-world problems."

In commemoration of the opening of this new facility, Cadence made a gift of $10,000 to the science and math departments at Berkeley High School. This gift will be used by the school to develop curriculum focusing on problem-solving skills. "Cadence is pleased to support the development of the next generation of technologists," said Fister. "Helping students learn how to approach and solve problems mirrors the work that Cadence does every day, and this is the kind of program that will encourage students to consider a career in the areas of math and science."

About the Cadence Research Laboratories at Berkeley

Cadence Research Laboratories were established in 1993 in Berkeley to focus on advanced research in electronic design automation. Today the lab is the core facility for Cadence's worldwide advanced research activities. The lab's research is based on multiple scientific disciplines and their rigorous application to real-world problems in design automation. By maintaining a close connection to Cadence's product organizations, the University of California at Berkeley, and the broader research community, we help drive technology from theoretical research to practical applications.

About Cadence

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2006 revenues of approximately $1.5 billion, and has approximately 5,200 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

Cadence is a registered trademark and the Cadence logo is a trademark of Cadence Design Systems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.

 For more information, please contact: Nancy Szymanski Cadence Design Systems 415-420-5008 nancy@cadence.com

SOURCE: Cadence Design Systems, Inc.

Source: MARKET WIRE

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