San Jose, Calif., December 5, 2002 - LogicVision, Inc., (NASDAQ:LGVN), a leading provider of embedded test for integrated circuits and systems, today announced that according to Gartner Dataquest Inc., it captured 72 percent of the Built-in Self-test (BIST) market in 2001.1 Dataquest states that LogicVision grew its market share from 52 percent in 20002 to 72 percent in 2001. Gartner Dataquest stated that "BIST is the main exception to the otherwise lackluster outlook for DFT [Design For Test]. Market growth was fantastic in 2001."1 BIST is a critical enabling technology and the most efficient test solution to address the complex SOC (system on a chip) market--especially where hierarchal designs are concerned. With BIST's unique methodology, micro testers are designed onto the chip making an "intelligent" chip able to test itself. Dataquest reports LogicVision's embedded test technology and the general BIST technology market share under one BIST segment.
"LogicVision is the clear leader in the important BIST technology segment, positioning us to benefit from growth in the larger SOC market, which Dataquest expects to reach $22 billion in 2006," noted Vinod Agarwal, president and CEO of LogicVision. "Our increasing market share in both Embedded Test and BIST stems from our ability to help chip designers and manufacturers meet the time-to-market and test challenges inherent in developing more complex SOC devices."
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 such market growth and the Company's share of the Embedded Test and BIST markets are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including, but not limited to, general economic and industry conditions, the impact of alternative technologies advances and competitive products, and other risks detailed in LogicVision's quarterly report on Form 10-Q for the quarter ended October 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.
1 Gartner, "EDA 2002, The Automation of RTL Design", G. Smith, D. Nadamuni, L. Balch, N. Wu, J. Tully, October 31, 2002
2 Gartner, "Design for Test Opportunities and Forecast", L. Balch, September 27, 2001