MILPITAS, CA - October 31, 2008 --
Open-Silicon, Inc., the leading open market semiconductor manufacturer and provider of spec-to-silicon ASIC design services, today announced that the Company posted its strongest quarter to date in Q3 2008. In addition to strong year on year revenue growth of 49%, YTD bookings were up 47% year on year. Also, YTD design wins grew over 60% compared to the same period in 2007. Since being founded in 2003, Open-Silicon has built a customer base of over 80 customers and taped out more than 100 designs.
"Our business and financial achievements are a testament to our business model and our ability to address the needs of our customers," said Dr. Naveed Sherwani, Open-Silicon president and CEO. "We will continue our success by providing our customers with the products and services needed to support their innovative, next generation designs."
"Today's customers benefit from Open-Silicon's low costs and disciplined approach to predictability and reliability," said Colin Baldwin, Open-Silicon director of marketing. "In addition, more and more customers also are finding unique value in our leadership technology in the areas of low power and high performance design."About Open-Silicon, Inc.
Open-Silicon, Inc. is a fabless ASIC company that was founded to set new standards for the predictability and reliability of ASICs and enable customers to differentiate their products through affordable custom silicon. Open-Silicon provides ASIC design, open market IP integration, and silicon manufacturing services to customers worldwide. Through the "Science of ASICs" initiative Open-Silicon continues to introduce technology advantages that help customers increase their market success. For more information, visit Open-Silicon's website at www.open-silicon.com
or call 408-240-5700.