ATMOS and MOSAID build on DRAM compiler relationship
OTTAWA, Ontario, Canada - August 10, 2000 - ATMOS Corporation and MOSAID Technologies Incorporated (TSE: MSD) today announced an agreement to broaden their current strategic relationship. Under this agreement, ATMOS will utilize MOSAID's DRAM architecture and proven circuit technology to develop its future generations of DRAM compilers. The agreement also provides MOSAID with a 19.9% equity stake in ATMOS, a license for its use of the ATMOS compilers, and royalties based on the licensed use of its intellectual property.
In December 1999, the two companies announced a working relationship to develop the world's first commercially available embedded DRAM memory compiler tool. The product, launched in June, was developed by ATMOS using MOSAID-licensed DRAM technology, and offers customers a dramatic improvement in time-to-market for system-on-a-chip development. The compiler can generate a wide range of DRAM configurations, allowing the designer to tune each cell for speed, power, and area. MOSAID is the first fabless semiconductor company to use the product.
"Our previous collaboration ensured that the first ATMOS DRAM compiler project was a success, and we are very pleased to strengthen this relationship in two dimensions," said Dr. C. Paul Slaby, President and CEO of ATMOS Corporation. "First, by broadening our access to MOSAID's unique intellectual property, enabling us to develop new types of DRAM compilers more rapidly; and second, by underpinning our relationship through this investment in ATMOS. We believe that MOSAID's contributions at the Board level and at the working level will give us a clear advantage over our competitors as we continue to develop our business."
"This agreement addresses our strategic objectives in several ways," said Dan Mathers, Sr. Vice President and General Manager of MOSAID's Semiconductor Division. "It further leverages the value of our memory intellectual property assets; it gives us a significant time to market advantage with our networking chips by offering us continuing use of ATMOS' leading DRAM compiler technology; and it provides us with a meaningful equity stake in a promising embedded memory products company."
ATMOS Corporation is a leader in the rapidly growing market for embedded semiconductor memory products. The company develops enabling technology for building system-on-a-chip (SoC) applications. The company's products allow integrated systems developers to create innovative, leading-edge hardware, with drastically reduced design time. ATMOS is based in Kanata, Ontario, Canada.
For more information, visit the Company's web site at www.atmos-semi.com.
MOSAID Technologies Incorporated is an independent semiconductor company with a 25-year history of design innovation. MOSAID's Semiconductor Division is a fabless provider of high performance products for the networking market. The Division also designs complex system-on-a-chip products, application specific memories and leading-edge standard memories. The Company's Systems Division is the leading supplier of engineering memory test and analysis systems for memory device design and quality. MOSAID is based in Ottawa, Ontario, Canada with operations in Austin, Texas, and Santa Clara, California and London, UK.
For more information, visit the Company's web site at www.mosaid.com.
For interviews or further information, please contact:
Al Hawtin, Vice-President Marketing
613-831-5005 ext.: 213
Shelley Mullins, Corporate Communications Manager
613-831-5005 ext.: 205
Richard Boadway, Sr. VP Finance and Administration and CFO
MOSAID Technologies Incorporated
613-599-9539 ext.: 1202
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