Applied Micro Circuits Corporation (AMCC) Standardizes on Verisity's VPA Platform

Award-winning MISSION™ solution successfully verified with Verisity verification tools and methodologies

Mountain View, Calif . – November 15, 2004 – Verisity, Ltd. (Nasdaq:VRST), a leading supplier of verification process automation (VPA ) solutions, today announced that Applied Micro Circuits (AMCC) [NASDAQ: AMCC], makers of high-performance networking solutions, has successfully used Verisity’s VPA platform to verify new products from the highly-lauded MISSION family of chips, which represents the next step for multi-service switches and core/edge routers.

AMCC has relied on Verisity products for several years now and has standardized on Verification Process Automation solutions to do parallel development across its geographically dispersed sites. The company’s MISSION platform has enjoyed great success and was just selected as Best Telecom Product and overall Best in Show at the Network Systems Design Conference.

Verisity’s e Reuse Methodology (eRM™) is among the numerous VPA systems and processes the company employs. “We’ve enjoyed significant productivity gains with Verisity’s system-level methodology and reuse capabilities,” said Joe Rash, AMCC director of engineering. “Our diverse engineering team has developed reusable verification IP and implemented a coverage-driven approach to reduce the overall time it takes to create and apply a powerful verification environment.”

Rash reported that the methodologies have been used with Verisity’s Specman Elite™ to introduce new levels of automation into AMCC’s verification process. As a result, the design team successfully delivered the nP3700, a 5-Gbps network processing and traffic management solution—the highest performance integrated solution in the industry—as well as its Tigris high-performance, high-density data-termination device. “The nP3700 and the Tigris devices are highly configurable yielding extremely large verification space. Specman Elite and eRM helped us to achieve first pass silicon success on both of these MISSION devices,” said Rash.

“We are happy to have AMCC as a customer,” said Steve Brown, Director of channel & solution marketing, Verisity. “They have truly embraced the concepts and overall methodology behind Verification Process Automation and I fully expect them to continue to deliver innovative high-quality products into the marketplace.”

About AMCC
AMCC provides the essential building blocks for the transport, switching, routing and storage of information worldwide. The company blends systems and software expertise with high-performance, high-bandwidth silicon integration to deliver communications silicon and software for global wide area networks (WAN), Fibre Channel host bus adapters (HBAs) for storage area networks (SAN), and hardware and software solutions for high-growth storage markets such as Serial ATA (SATA) RAID. AMCC's corporate headquarters are located in San Diego, California. Sales and engineering offices are located throughout the world. For further information regarding AMCC, please visit the AMCC web site at http://www.amcc.com.

About Verisity
Verisity Ltd. (NASDAQ: VRST) is the leading supplier of process automation solutions for the functional verification market. The Company addresses customers' critical business issues with its market-leading software and intellectual property (IP) that effectively and efficiently verify the design of electronic systems and complex integrated circuits for the communications, computing and consumer electronics global markets. Verisity's VPA solutions enable projects to move from executable verification plans to unit, chip/system and project level 'total coverage' and verification closure, while maximizing productivity, product quality and predictability of schedules. The Company's strong market presence is driven by its proven technology, methodology and solid strategic partnerships and programs. Verisity's customer list includes leading companies in all strategic technology sectors. For more information, visit www.verisity.com.

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Verisity, the Verisity logo, eRM, and Specman Elite, are either registered trademarks or trademarks of Verisity Design, Inc., in the United States and/or other jurisdictions. All other trademarks are the property of their respective holders.