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IKOS Systems KK and Fujitsu LSI Technology Enter Volume Purchase Agreement
KAWASAKI, Japan--(BUSINESS WIRE)--June 21, 2001--
IKOS Systems KK, the Japanese subsidiary of IKOS Systems, Inc.
(Nasdaq:IKOS), a leading provider of high-performance design
verification solutions, today announced that Fujitsu LSI Technology
will purchase up to $10 million dollars worth of its VStation-15M
emulators over the next 2 years. Under the terms of the volume
purchase agreement, Fujitsu LSI Technology will promote IKOS'
emulation solutions, including hardware, software, licenses, libraries
and services, within the Fujitsu Group as well as outside customers.
The two-year agreement, signed in March 2001, allows Fujitsu LSI
Technology to integrate their own verification technology with IKOS'
emulators, and provide the complete solution to its customer groups.
Fujitsu LSI Technology anticipates that it will purchase approximately
$10 million dollars worth of IKOS' VStation-15M emulators over the
next two years.
``We opened our emulation center last year and have been providing
our verification consulting technology to other divisions of Fujitsu
Group,'' commented Mr. Wada, senior executive director, Fujitsu LSI
Technology. ``Our verification solutions are based on emulators and we
try to stay neutral with respect to hardware vendors. However,
VStation-15M delivers the performance, capacity and flexibility we
need to achieve design confidence while facing intense time-to-market
pressures. With IKOS' products and technologies, we believe that we
are able to establish a high performance verification environment with
high customer satisfaction.''
``Leading edge companies are creating designs in the 6-8 million
gate range today and are projecting that their next design will be
twice that size,'' stated Kensaku Fujimori, president of IKOS Systems
KK. ``The VStation-15M from IKOS satisfies the most complex SoC
verification requirements of today's designs and will meet their needs
for several generations of chips to come.'' Fujimori continued, ``Our
patented Virtual Wires technology allows us to create a new generation
of emulator every 12 - 18 months with a reduction in the cost per gate
to the customer. Our proven track record of product development
enables customers to have complete confidence that we will be able to
keep up with their RTL verification requirements. IKOS products and
solutions will satisfy not only Fujitsu LSI Technology but also our
mutual customers.''
About Fujitsu LSI Technology Ltd.
Fujitsu LSI Technology is one of the largest providers of LSI
design solutions in Japan including integration and Development of CIM
System, Integration and Development of Business System, Support and
Maintenance Service of System, Industry Consulting and Integration and
Support Service of LSI CAD Systems. Fujitsu LSI was established in
December, 1988 and located Kawasaki City, Kanagawa Pref., Japan.
About IKOS Systems KK
IKOS Systems KK, established July, 1995, is a Japanese subsidiary
of IKOS Systems Inc. The office is located Kawasaki City, Kanagawa
Pref., Japan. The mission of IKOS System KK is to supply and support
IKOS' products and solutions. In May, 1999, Mr. Fujimori was appointed
president and has been focused on enlarging IKOS' market share in
Japan.
About IKOS
IKOS Systems, Inc. (Nasdaq:IKOS) is a technology leader in
high-performance design verification solutions including hardware and
software simulation for language-based design, logic emulation for
system integration and compatibility verification, and services.
The company's mission is to develop and deliver high performance
solutions that enable our customers to verify the functional
correctness of their complex electronic system designs. IKOS has
direct sales operations in North America, UK, France, Germany, The
Netherlands, Japan, and India, and a distribution network throughout
Asia-Pacific and Israel. The corporate headquarters is located at 79
Great Oaks Boulevard, San Jose, Calif., 95119, 408/284-0400. For
more information, visit http://www.ikos.com.
Forward-looking statements in this release are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including, without
limitation, continued acceptance and development of the company's
existing and new products, increased levels of competition for the
company, new products and technological changes, the company's
dependence upon third-party suppliers, intellectual property rights,
and other risks detailed from time-to-time in the company's periodic
reports filed with the Securities and Exchange Commission.
Note to Editors: IKOS and VStation are trademarks of IKOS Systems.
All other brand or product names may be trademarks or registered
trademarks of their respective companies and should be treated as
such.
Contact:
IKOS Systems, Inc.
Linda Prowse Fosler, 408/361-9667
linda@ikos.com
or
Pam Wasserman, 650/363-0142 (PR)
pam@leepr.com
or
Peter DeNardo, 925/938-2678 Ext. 223 (IR)
pdenardo@demer-ir.com
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