Former Sonics VP Joins Silistix as VP of Worldwide Field Operations

Silistix is no more in business

Interconnect Sales Guru Brings Unparalleled IP and Software Sales Experience to Self-Timed Interconnect Leader

SAN JOSE, CA -- Feb 19, 2008 -- Silistix, a leading provider of innovative software for the design of on-chip communications solutions, announced that it has appointed Tim Smith as the company's Vice President of Worldwide Field Operations. In this position Mr. Smith will manage all activities related to sales and field-based customer support.

Prior to accepting this position, Smith was the Vice President of Worldwide Sales at CoWare, the leading global supplier of platform-driven electronic system-level (ESL) design software and services. During his tenure as VP of Worldwide Sales at Sonics, prior to joining CoWare, Tim put in-place interconnect licensing arrangements with global industry leaders.

"Silistix has a clearly differentiated solution for the most challenging issues facing design teams in the converged digital space today," said Smith. "The ability to deliver predictable power, performance and area is unique in the industry and provides a huge advantage over competing solutions in getting complex devices designed and into the market. The ability of CHAINworks to outperform the competition in every metric, and its ability to solve problems the competition cannot, influenced in large part my decision to join the Silistix team."

"We are extremely pleased to have Tim join us," said David Fritz, Silistix CEO. "His direct experience in this market and proven ability to build and manage global sales and support organizations is a critical ingredient in our continued growth. Smith's experience and strategic focus will enable us to more quickly capitalize on the superior value delivered by our CHAINworks products and assure the highest quality of support for our rapidly growing customer base."

About Silistix

Silistix is the leading supplier of on-chip interconnect solutions delivering predictable power, performance and area while cutting overall chip design time and effort. Silistix EDA tools and advanced circuit IP enable design teams to overcome fundamental challenges including global timing closure, clock distribution, power management, and utilization of the latest process technologies while meeting the extreme market pressures of converged consumer electronics products. The company is venture funded and has offices in Manchester, England, San Jose, California, and Tokyo, Japan. For more information on Silistix and its products visit www.silistix.com.