The combined passion, technology and capabilities of these industry-leading companies will drive innovation and continue to solve the challenging problems faced by radio frequency integrated circuit (RFIC) designers.
These challenges are now more evident than ever as consumer-oriented RFICs have moved to RF CMOS technology with higher integration, requiring more complete verification methodologies. Xpedion is recognized as a leading solution provider for RF CMOS verification and design for manufacturing.
"Increasingly, designers are finding that their high-performance RFIC designs are under-characterized," said Jim McGillivary, vice president and general manager of Agilent's EEsof EDA division. "The result is too many foundry turns and poor yield. Agilent is recognized as the leader in RF design and simulation, with proven breadth and depth. By adding Xpedion's products to our portfolio, we will be able to increase our emphasis on Design Verification and DFM, giving our customers an indispensable design flow covering RFIC design, Design Verification and DFM."
"Xpedion's outstanding development team will give Agilent an unbeatable, world-class group of scientists committed to innovation," said Larry Lerner, R&D manager at Agilent's EEsof EDA Division.
"Xpedion's and Agilent EEsof's combined technologies are used by almost all key companies designing RFICs," said Pete Rodriguez, Xpedion chief executive officer. "We are pleased to join forces with Agilent because of our shared vision to provide innovative solutions and unparalleled support."
About Xpedion Design Systems, Inc.
Xpedion Design Systems, Inc. is a leader in advanced RFIC simulation technology. Its GoldenGate product enables RFIC designers to analyze their designs at the transistor level faster and more accurately. The benefits are measured in shorter design cycles, reduced silicon spins and higher-performing products. Xpedion is a member of the Ready for IBM Technology Program, Cadence Connections Program, the Mathworks Connections Program and the Platform Partners Program, and is a Sun Microsystems development partner. Xpedion's products are also available on the Red Hat Linux operating system. More information about Xpedion Design Systems, Inc. is available at www.xpedion.com.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in communications, electronics, life sciences and chemical analysis. The company's 20,000 employees serve customers in more than 110 countries. Agilent had net revenue of $5.1 billion in fiscal year 2005. Information about Agilent is available on the Web at www.agilent.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. The forward-looking statements contained herein include, but are not limited to, information regarding the completion of Agilent's proposed acquisition of Xpedion's business and assets (the "Closing"), Agilent's Design Verification and DFM business and design flow covering RFIC design, Design Verification and DFM, the combined product portfolio of Agilent and Xpedion following the Closing, the ability of Agilent to meet certain strategic objectives, the expectation that Xpedion scientists will join Agilent, and Agilent's willingness and ability to develop and support Xpedion's products following the Closing. These forward-looking statements involve risks and uncertainties that could cause Agilent's results to differ materially from management's current expectations. Such risks and uncertainties include, but are not limited to risks associated with the ability to effectuate the acquisition on a timely basis, risks associated with changes in demand for Agilent's and Xpedion's products and risks associated with the development generally of Agilent's overall strategic objectives.
In addition, other risks that Agilent faces in running its operations include the ability to execute successfully through business cycles; ongoing competitive, pricing and gross margin pressures; the impact of geopolitical uncertainties on our markets and our ability to conduct business; the ability to improve asset performance to adapt to changes in demand; the ability to successfully introduce new products at the right time, price and mix and other risks detailed in Agilent's filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the period ended April 30, 2006. Forward-looking statements are based on the beliefs and assumptions of Agilent's management and on currently available information. Agilent undertakes no responsibility to publicly update or revise any forward-looking statement.
NOTE TO EDITORS: Further technology, corporate citizenship and executive news is available on the Agilent news site at www.agilent.com/go/news.
Contact:
Agilent Corporate Michele Drake, 650-752-5296 Email Contact or Agilent Janet Smith, 970-679-5397 Email Contact or Xpedion Design Systems Pete Johnson, 408-449-4022 Email Contact