NetSpeed Systems continues global expansion, expands presence in China

NewPlus Systems and Technologies Ltd. to provide sales and support for NetSpeed IP

San Jose, Calif., June 4, 2015—NetSpeed Systems Inc., the supplier of on-chip network IP that is streamlining SoC design, announced today a sales representative agreement with NewPlus Systems & Technologies Ltd. of Shanghai, China, to represent NetSpeed’s technology in the fast-growing Chinese semiconductor design and fabrication industry.

NewPlus is a leading provider of semiconductor IP, EDA tools and consulting support in China and will provide sales support to NetSpeed customers in mainland China through operations in Shanghai and Beijing.

“We are seeing customer traction in China, and we want to address the growing demand for our products by providing local customer sales and support,” said Sundari Mitra, co-founder and CEO of NetSpeed. “We are thrilled to have a company as experienced and well-regarded as NewPlus be the first line of contact for customers in China.”

NewPlus is one of the most experienced distributors in China and represents companies such as ACE, Atrenta, Carbon Design Systems, and Elliptic. NewPlus also maintains relationships with key foundries on the mainland.

“NetSpeed is revolutionizing the SoC interconnect market with a network-on-chip IP that delivers 10x faster design time and better PPA than existing solutions. Hence, customers want to use them,” said Felix Wong, Chairman and CTO of NewPlus. “It is exciting to see customer’s reaction to NetSpeed’s technology."

About NewPlus Systems & Technologies Ltd.

NewPlus is a leading provider of semiconductor IP, EDA tools and consulting support in China, with offices in Beijing, Shanghai, and Hong Kong. NewPlus was founded in 2002 and has since provided various leading edge IP and EDA tools to both local and multi-national companies for the past 13 years. For more information, visit www.newplus.com.cn

About NetSpeed Systems, Inc.

NetSpeed Systems provides scalable, coherent, on-chip network IPs to SoC designers for a wide range of markets from mobile to high-performance computing and networking. NetSpeed's on-chip network platform delivers significant time-to-market advantages through a system-level approach, a high level of user-driven automation and state-of-the-art algorithms. NetSpeed Systems was founded in 2011 and is led by seasoned executives from the semiconductor and networking industries. The company is funded by top-tier investors from Silicon Valley. It is based in San Jose, California and has additional research and development facilities in Asia. For more information, visit www.netspeedsystems.com.