ProDesign Reports Record Growth for 2005; Increasing Demand for CHIPit Verification Systems Resulted in Most Successful Fiscal Year in Company History
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ProDesign Reports Record Growth for 2005; Increasing Demand for CHIPit Verification Systems Resulted in Most Successful Fiscal Year in Company History

SAN JOSE, Calif. & MUNICH, Germany—(BUSINESS WIRE)—Jan. 31, 2006— ProDesign today announced its highest annual revenue ever and the most successful year in company history. Revenue increased by more than 30% between 2004 and 2005. Driving this growth was the CHIPit(R) ASIC Verification System business unit which increased their revenues by, 100% in just one year.

In 2005, ProDesign moved its U.S. headquarters closer to the EDA market place from Wilsonville, OR to San Jose, CA to better serve its customers. CHIPit Gold Edition Pro was launched, and enhancements were made in the software environments of existing CHIPit Silver and Platinum systems. To push expansion into Asia, ProDesign appointed two local distributors -- Terasoft in Taiwan and Eastwell Technologies in China -- to sell and support the CHIPit product line.

Helmut Mahr, CEO of ProDesign, said: "We are delighted about ProDesign's huge success in 2005. Since our entry into the ASIC verification market four years ago we have been able to double our revenues every year. What makes us especially proud is the fact that we were able to achieve this result without VC money. We are confident of reaching this goal again in 2006 by offering new products and implementing other future plans we have. ProDesign reinvested a considerable sum of the 2005 earnings hiring new hardware and software engineers. This established, a strong development and support team responding to customer requests in the fastest way possible and developing great ASIC verification systems in the future."

About ProDesign

Founded in 1981 and privately held, ProDesign and has over 80 employees, with facilities for research, design, and sales in Germany, France and the U.S. The company's CHIPit family of hardware-assisted verification tools to validate algorithm performance, verify hardware implementation, and assist in hardware/software co-development and co-verification to reduce the verification time dramatically.

For more information about the company's prototyping products, please visit: http://www.uchipit.com.

ProDesign and CHIPit are registered trademarks of ProDesign Electronics Corporation. All other trademarks or registered trademarks mentioned in this release are the intellectual property of their respective owners.



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