"FirstEDA is a leading sales representative of EDA solutions to the UK IC design community," said Ron Mabry, Vice President of Worldwide Field Operations at LogicVision. "FirstEDA has extensive market knowledge and expertise in sales of best-in-class EDA products. We expect FirstEDA to drive the adoption of LogicVision's tools in the UK and Irish semiconductor markets, enabling companies to realize significant competitive advantage through the adoption of LogicVision's test solutions."
"As shrinking process geometries continue to drive up the cost of bringing new ICs to market, test is increasingly key to maximizing return on investment," commented Julian Lonsdale, Sales Director of FirstEDA Ltd. "LogicVision is unique in the EDA industry with Dragonfly Test Platform(TM) providing an unparalleled cohesive solution for embedded silicon test, bench diagnostics and yield analysis."
Under the terms of the agreement, FirstEDA will be able to sell the complete line of LogicVision test solutions to the United Kingdom and Ireland semiconductor design community.
FirstEDA specializes in the distribution and support of leading-edge EDA solutions for designers involved in the specification, implementation and verification of custom silicon devices. Staffed by experienced EDA management and engineers, FirstEDA's goal is to provide a responsive and considered service that provides timely and effective solutions to the device design challenge. For more information, please see http://www.firsteda.com
About LogicVision Inc.
LogicVision (NASDAQ: LGVN) provides proprietary technologies for achieving high quality silicon manufacturing test for complex Systems-on-Chip. LogicVision's embedded test solutions allow integrated circuit designers to embed test functionality into a semiconductor design that is used during semiconductor production test and throughout the useful life of the chip. The company's advanced Design for Test (DFT) product line, ETCreate(TM), works together with Silicon Insight(TM) applications and Yield Insight(TM) to improve profit margins by reducing device field returns and test costs, accelerating silicon bring-up times and shortening both time to market and time to yield. For more information on the company and its products, please visit the LogicVision website at www.logicvision.com
FORWARD LOOKING STATEMENTS
Except for the historical information contained herein, the matters set forth in this press release, including statements as to the Company's outlook, interest for the Company's products, and successes in adoption of the Company's solutions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the possibility that orders could be modified or cancelled, existing customer orders may not be renewed, the ability of the Company to negotiate and sign customer agreements and obtain purchase orders, trends in capital spending in the semiconductor industry, the timing and nature of customer orders, whether customers accept the Company's new and existing products, the impact of competitive products and alternative technological advances, and other risks detailed in LogicVision's Annual Report on Form 10-K for the year ended December 31, 2007, LogicVision's Quarterly Report on Form 10-Q for the quarter ended June 30, 2008 and from time to time in LogicVision's SEC reports. These forward-looking statements speak only as of the date hereof. LogicVision disclaims any obligation to update these forward-looking statements.