San Jose, Calif., October 2, 2002 - LogicVision, Inc., (NASDAQ:LGVN), a leading provider of embedded test for integrated circuits and systems, today announced Viko Technology Inc., a leading provider of production test solutions, has been certified by LogicVision to be LV Ready™. This latest integration will provide mutual customers with an optimized test solution designed to speed time-to-volume production and reduce total cost of test.
Through the partnership, LogicVision and Viko Technology plan to offer one of the industry's most comprehensive and accessible, end-to-end production test solutions based on Embedded Test. Customers can leverage the engineering and production test applications expertise of Viko Technology with LogicVision's high-quality, at-speed embedded test solution infrastructures to meet the challenges of improving yield and aggressively lowering production costs. The relationship is expected to broaden the demand for both companies' products and solutions.
Mukesh Mowji, vice-president sales and marketing at LogicVision, said, "Our partnership with Viko Technology further illustrates LogicVision's emphasis on providing high value embedded test solutions that reduce our customers' costs of production. Overall, we believe, our relationships will make it easier for companies to use and benefit from embedded test in design, to debug and through to production. Outsourced production test houses represent a significant opportunity for enabling increased market penetration of our Embedded Test solutions."
"We are seeing increased adoption rates of LogicVision's Embedded Test solution given the cost and time savings provided by the technology," commented Raja Manickam, Viko Test Lab's vice president of business development. "Formal LogicVision Ready certification gives us a competitive advantage in attracting increased volumes with existing and new customers. We look forward to providing our mutual customers with efficient, seamless and integrated solutions for production test, leveraging LogicVision's Embedded Test technology."
Inderjit Singh, president and CEO of Infiniti Solutions, stated, "Our partnership with LogicVision is very much in line with Viko's strategy of offering value added, development and engineering services to our customers, in the upstream phase of the chip development process."
About Viko Technology/ Infiniti Solutions
Viko Test Labs is a leading provider of semiconductor test and engineering services, particularly in the area of logic, mixed-signal and radio frequency testing. Located in Santa Clara, California and Austin, Texas, it provides a comprehensive range of services, ranging from test program development, chip characterization and debug, wafer probing, production testing, burn-in, marking, tape and reel and reliability testing. It is a division of Viko Technology Inc.; in turn a wholly owned subsidiary of Infiniti Solutions (Singapore) Pte Ltd. For more information on the company and its services, please visit the Infiniti Solutions website at http://infinitisolutions.com/html/infiniti/index.html.
About LogicVision Inc.
LogicVision (NASDAQ: LGVN) provides proprietary technologies for embedded test that enable the more efficient design and manufacture of complex semiconductors. LogicVision's embedded test solution allows integrated circuit designers to embed into a semiconductor design test functionality that can be used during semiconductor production and throughout the useful life of the chip. For more information on the company and its products, please visit the LogicVision website at www.logicvision.com.
Except for the historical information contained herein, the matters set forth in this press release, including statements as to the benefits of the integration of the companies' technology for customers with an optimized test solution, including helping to speed time-to-volume production and reduce total cost of test and expectations regarding market demand are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risk and uncertainties that could cause actual results to differ materially, including, but not limited to, the ability of the companies to integrate their products, the impact of competitive products and technological advances, and other risks detailed in LogicVision's Form 10-Q for the quarter ended June 30, 2002, and from time to time in LogicVision's SEC reports. These forward-looking statements speak only as of the date hereof. LogicVision disclaims any obligation to update these forward-looking statements.
LogicVision, Embedded Test, LogicVision Ready and LogicVision logos are trademarks or registered trademarks of LogicVision Inc. in the United States and other countries. All other trademarks and service marks are the property of their respective owners.