Advanced Physical Verification Technology from Mojave Acquisition
SANTA CLARA, Calif.--(BUSINESS WIRE)--March 30, 2005--Magma® Design Automation Inc. (Nasdaq:LAVA - News), a provider of semiconductor design software, today announced it has completed further beta shipments of its new DRC (design rule checking) product to several additional customers. This product is based on the advanced physical verification technology acquired by Magma in its April 2004 acquisition of Mojave Design. The DRC software, as well as the Mojave-based layout-versus-schematic (LVS) software, is being developed specifically to address the physical verification challenges of designs targeted for 65 nanometers (nm) and below. Magma announced the first beta deliveries of the DRC product in January.
These products are targeted to provide the fastest turnaround time of any physical verification tool, with a goal of verifying any design in less than 2 hours. Improved manufacturability is also provided via superior modeling capabilities for 90- and 65-nm technologies.
"We're very excited about the products that have resulted from the Mojave technology," said Rajeev Madhavan, Magma's chief executive officer. "To understand the opportunity this represents for our company it's important to understand the philosophy behind Mojave. Fundamentally, the physics of design have changed, and at 90 and 65 nanometers the effects of lithography and CMP (chemical mechanical polishing) now dominate the physical verification rules that fabs use. Existing DRC/LVS tools -- architected as Dracula-compatible replacements in the mid-1990s -- cannot handle these effects as effectively. We believe the capabilities of the Mojave technology in this area have prompted the strong interest our customer base has shown."
Production release is anticipated in summer 2005.
About Magma
Magma provides leading software for designing highly complex integrated circuits while maximizing Quality of Results with respect to area, timing and power, and at the same time reducing overall design cycles and costs. Magma provides a complete RTL-to-GDSII design flow that includes design planning, prototyping, synthesis, place & route, and signal and power integrity chip design capabilities in a single executable, offering "The Fastest Path from RTL to Silicon"(TM). Magma's software also includes products for advanced physical synthesis and architecture development tools for programmable logic devices (PLDs); capacitance extraction; and characterization and modeling. The company's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.
Magma is a registered trademark, and Mojave and "The Fastest Path from RTL to Silicon" are trademarks, of Magma Design Automation Inc. All other product and company names are trademarks and registered trademarks of their respective companies.
Forward-looking Statements:
Except for the historical information contained herein, the matters set forth in this press release, including statements that software based on the Mojave technology will address the physical verification challenges of designs targeted for 65 nanometers and below, and other statements about the features and benefits of Magma's software, are forward-looking statements within the meaning of the "safe harbor" provisions 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 ability of Magma's products to produce the desired results and Magma's ability to keep pace with rapidly changing technology. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission (www.sec.gov). Magma undertakes no additional obligation to update these forward-looking statements.
