Elixent wins ‘Hot Prospect’ at the Technology Industry Awards 2003

Bristol, England, 17 November 2003: Elixent, the leader in reconfigurable semiconductor IP, has won the widely contested ‘Hot Prospect’ at the IT industry's leading awards ceremony, the Technology Industry Awards 2003. The accolade, sponsored by 3i, was presented to Elixent as the most promising young technology company to have made its mark on the technology sector over the past year.

The awards ceremony was sponsored by law firm Nabarro Nathanson in partnership with Infoconomy and Intellect, the UK IT industry trade body. The judging panel featured some of the most influential people in the IT business in the UK, including Warren East, CEO of ARM, Leslie Stretch, UK Managing Director of Sun Microsystems, and Steve Gill, UK Managing Director of Hewlett-Packard.

Warren East said: “The company has secured funding, grown its management team, and has good relationships and defensible technology.”

"We're absolutely delighted to be recognised by the technology industry in this way," said Kenn Lamb, CEO of Elixent. "Over the past year, we have worked successfully to grow the company, further develop our technology and win contracts with major players in the semiconductor industry. This award is confirmation of the clear blue water between us and the competition in the reconfigurable sector."

Nabarro Nathanson is one of the UK's top commercial law firms which offers a full range of legal services to technology and media businesses worldwide. Tony Bailes, senior partner at Nabarro Nathanson, commented: "We are delighted to have been involved in this year's awards which have demonstrated the breadth of talent and the levels of excellence that have already been achieved in the UK IT sector and which promises to set even higher standards in the future."

About Elixent
Elixent is the leader in reconfigurable semiconductor IP, a technology that provides users with the ability to change the function of a chip even whilst in use.

D-Fabrix, the company’s patented reconfigurable algorithm processing (RAP) technology, provides ASIC designers with a flexible alternative to fixed function chips but without consuming the level of power normally associated with programmable technologies.

This combination is of particular benefit to companies producing electronic products for imaging and communications applications in consumer and industrial markets. The low power consumption makes D-Fabrix particularly attractive for mobile and battery powered products. Visit http://www.elixent.com for more information.