ProDesign Expands Business in Asia; Global Team Technologies Represents ProDesign in Asia for CHIPit High-Speed ASIC Prototyping Systems

Business Wire, May 31, 2006

MUNICH, Germany & SINGAPORE -- ProDesign, a leading supplier of high-speed ASIC and SoC verification platforms, today announced Global Team Technology as Asian representative for their successful CHIPit line of high-speed ASIC prototyping systems.

"The rapidly increasing number of requests for ASIC prototyping systems we are getting from customers in China, Taiwan, Korea and Japan, showed a tremendous demand for hardware-assisted verification tools in the Asian market," stated Gunnar Scholl, Director Marketing and Business Development of ProDesign. "We decided to establish central representation to take care of our local Asian distributors as well as customers. Global Team Technologies has the experience and knowledge to effectively represent European companies in Asia."

Singapore-based Global Team Technologies will support local distributors and be the direct interface between ProDesign in Germany and the Asian market. Global Team Technologies will also search and establish further local distributors to increase and stabilize ProDesign's business in Asia.

Global Team Technologies' president and CEO, NG Poh Chuan, explained, "We have a lot of experience representing high technology products of European companies in Asia and we know the market very well. We are impressed by ProDesign's success with its CHIPit ASIC verification systems over the last years. All of us are all very excited and enthusiastic to represent ProDesign in Asia and are confident that ProDesign's products will further spread in the Asian market."

About ProDesign

The privately held company has over 80 employees and various facilities in Germany, France and the U.S. The company's products and services include the CHIPit family of High-Speed ASIC Prototyping Systems to validate algorithm performance, verify hardware implementation, and assist in hardware/software co-development and co-verification to reduce the verification time dramatically. http://www.uchipit.com.