eASIC Further Expands Global Presence by Choosing INNOTECH as Distributor of Its Structured ASIC Devices SANTA CLARA, Calif. -- Oct. 17, 2005
-- eASIC Corporation, a provider of Programmable ASIC products including Configurable Logic IP and Structured ASICs, together with INNOTECH, a Japanese based distributor of high-end semiconductor devices, electronics components, EDA software and a provider of technical services, today announced the formation of strategic partnership. As part of the partnership agreement, INNOTECH has become the distributor of eASIC's Structured ASIC devices in Japan. INNOTECH will provide sales and technical support for eASIC's products to the Japanese market.
"Forming this relationship with eASIC is of significant value to INNOTECH as we foresee a major market opportunity for Structured ASICs in Japan," said Takashi Tsumori, President and Chief Executive Officer of INNOTECH. "eASIC's breakthrough products provide design flexibility and fast turnaround at extremely affordable prices for volume production. Our corporate goal is to collaborate with innovative companies such as eASIC and help to expand their market presence in Japan. INNOTECH is excited to be a partner with eASIC as the two companies can together provide the Japanese custom logic market the much needed capability to once again stimulate customer innovation."
"eASIC is very pleased to join forces with such a reputable and high paced company in the Japanese semiconductor market," said Seiji Miwa, eASIC Japan President. "We chose INNOTECH because of their remarkable expertise and knowledge of the Japanese electronics market, their skilled design teams and their ability to leverage long term relationships with leading Japanese electronics manufacturers. This partnership provides us with an important channel that will help us achieve our aggressive growth plans."
"INNOTECH has demonstrated a very successful business model, embracing close relationships with both its partners and customers," said Salah Werfelli, eASIC Executive Vice President of Strategic Business Worldwide. "Partnering with INNOTECH puts eASIC in an unprecedented position to accelerate our business growth in the Japanese market and fuels eASIC's global expansion plans".
About eASIC Corporation
eASIC offers breakthrough Programmable ASIC products including Configurable Logic and Structured ASIC, aimed at dramatically reducing the overall fabrication cost and time of customized high-performance semiconductor chips. Its patented architecture enables rapid and low-cost ASIC and SoC (System-on-Chip) designs through the innovative use of proven programmable logic technology coupled with single Via-layer customizable routing. With just one Via layer to customize, Direct-write e-Beam processing becomes possible at 10x the pace, thereby enabling eASIC to offer NRE-free Structured ASIC devices. eASIC's technology has been successfully proven in silicon and validated by world-class semiconductor vendors.
eASIC Corporation is a privately held company. Investors include Kleiner Perkins Caufield and Byers (KPCB), Crescendo Ventures, Evergreen Partners and Vinod Khosla. Headquartered in Santa Clara, California, eASIC was founded in 1999 by Zvi Or-Bach.
About Innotech Corporation
Founded in 1987, INNOTECH is Japan's premier importer of high-end semiconductor devices, EDA software and equipment and a skilled support partner to many of Japan's top electronics makers. The Company maintains direct relationships with every major semiconductor manufacturer, electronics company and other leading suppliers in Japan. Today's INNOTECH is a high-paced company that prides itself on making swift but informed decisions to keep up with the pace of an ever-changing electronics market. As an importer, the company leverages deep relationships with some of North America, Europe, and Asia's most advanced electronics components, EDA software, and semiconductor device. www.innotech.co.jp