Wu-Fu Chen Joins Axis Systems' Advisory Board; Leading Networking Entrepreneur Adds Expertise to EDA Verification Company

Business Wire, Sept 13, 1999

SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 13, 1999--

Axis Systems, Inc. (Axis) an EDA technology and verification tool developer that offers the Xcite(TM) verification system, today announced that Wu-Fu Chen, a world renown networking expert, who founded more than five networking industry success stories, has joined Axis' advisory board. Mr. Chen is currently chairman of four networking companies.

Axis customers use its Xcite verification system to verify and debug systems-on-chip (SoC) design functionality for networking and multimedia applications.

According to Mike Tsai, Board chairman and founder of Axis, "To build a successful verification company in the EDA industry, we need the best people on our team. Wu-Fu Chen is a highly respected leader in networking. He brings us the experience of someone who knows what our customers need to design successful networking products. "

Wu-Fu Chen, remarked, "I am looking forward to helping Axis further develop its leadership position in the verification market. Their tools improve designer productivity for one of the most time consuming steps in the design process-verification."

Mr. Chen most recently served as the Chairman of Shasta Networks. Prior to Shasta, Mr. Chen was the VP of technology at Cisco Systems where he led the company's multi-service access concentrator product development, and was a member of Cisco's Service Providers Voice Strategy and Technologies panel.

Mr. Chen founded five successful networking industry companies, including Shasta Networks (acquired by Nortel Networks), Ardent Communications Corporation, (acquired by Cisco Systems), Cascade Communications (acquired by Ascend Communications), Arris Networks (acquired by Cascade), Cameo Communications, and Communications Equipment Corporation (acquired by AT&T/Paradyne).

Mr. Chen served as founder and Vice President of Engineering at Cascade Communications, where he guided Cascade through IPO and on to the company's peak of nearly $10 billion market cap.

Mr. Chen was featured in a front-page column of the Wall Street Journal on June 3, 1999.

Axis Systems, Inc. is a technology leader in the logic design verification market. Founded in 1996, the company offers breakthrough technologies and high-speed products to verify electronic systems and systems-on-a-chip designs. Axis is headquartered at 209 Java Drive, Sunnyvale, CA 94089, 408-588-2000, FAXES: 408-588-1662, xcite@axiscorp.com, www.axiscorp.com.

Note to Editors: Acronyms: EDA: Electronic Design Automation, SoC: Systems-on-Chip Xcite is a trademark of Axis Systems, Inc. All other trademarks are the property of their owners.

EDA: Electronic Design Automation

HDL: Hardware Description Language

IC: Integrated Circuit

RTL: Register Transfer Level

All trademarks are the property of their respective owners.

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