Sonics Closes 2014 With Strong Business Momentum

MILPITAS, Calif., Jan. 27, 2015 — (PRNewswire) —   Sonics, Inc., the world's foremost supplier of on-chip network (NoC) technologies and services, today announced that it finished fiscal and calendar 2014 with strong business momentum. In 2014, Sonics licensed its NoC products and system-on-chip (SoC) development environment to 13 customers including new relationships with Altair, SatixFy, and Nexell. The Sonics customer base includes major semiconductor manufacturers and fabless semiconductor companies building a broad range of consumer and communications SoCs including: application and media processors, wireless communications chips, home networking devices, satellite communications devices, gaming devices, and microcontrollers.

"After completing a successful 2014, we are heading into 2015 with increased customer demand for our products and services," said Grant Pierce, CEO of Sonics. "We have the highest number of business opportunities and technology evaluations in progress in our history as competition in the digital consumer electronics and communication systems markets heat up. The emerging markets for IoT and Wearables will drive greater demand for our NoCs and system architecture expertise as SoC developers grapple with growing IP integration complexity, power constraints, and security requirements. Our NoC technologies are the most trusted in the business and we expect to capitalize on new opportunities as SoC designers shift toward a more agile, subsystem-based methodology to address these tough issues."

During 2014, Sonics made steady progress working with its partners and distributors such as, Atrenta, Chipware, Duolog, Magillem, and Maojet. In the latest issue of its Market Share: Semiconductor Design Intellectual Property, Worldwide, 2013, which was released on March 27, 2014, Gartner, Inc.'s report showed that Sonics had not only retained its lead over the other NoC suppliers, but also expanded its lead significantly. The company joined the EDA Consortium (EDAC) and CEO Grant Pierce was elected to the EDAC board of directors. Sonics also received a new patent for its "Intelligent Power Controller," a breakthrough for the development of innovative SoC power management solutions. Finally, with collaboration from a number of companies and subject matter experts, Sonics orchestrated the creation of the Agile IC Methodology discussion group, which in its first few months of conversation has grown to over 290 members.

About Sonics, Inc.
Sonics, Inc. (Milpitas, Calif.) is the global leader in trusted on-chip network (NoC) technologies used by the industry's top semiconductor and electronics product companies. Sonics was the first company to develop and commercialize NoCs, accelerating volume production of complex systems-on-chip (SoC) that contain multiple processor cores. Our comprehensive NoC portfolio delivers the communication performance required by today's most advanced consumer digital, communications and information technology devices. Sonics' NoCs are integral to the success of SoC design platforms that innovators such as Broadcom®, Intel®, Marvell®, MediaTek, and Microchip® rely on to meet their most demanding SoC integration and time-to-market requirements. We are a catalyst for design methodology change and actively drive industry conversation on the Agile IC LinkedIn group. Sonics' holds more than 138 patent properties supporting customer products that have shipped more than four billion SoCs. For more information, visit sonicsinc.com, and follow us on Twitter at twitter.com/sonicsinc.

 

PRESS RELEASE
Contact: Erica Harbison
McClenahan Bruer
Email Contact | 503.546.1013

To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/sonics-closes-2014-with-strong-business-momentum-300025774.html

SOURCE Sonics, Inc.

Contact:
Sonics, Inc.
Web: http://sonicsinc.com




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