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OneSpin establishes key operations in the U.S.

Silicon Valley office serves growing demand for company's formal verification solutions

MUNICH, Germany and SUNNYVALE, Calif. – December 27, 2006 – Responding to rapidly increasing demand in the U.S. for its formal verification solutions, OneSpin Solutions today announced it has established a sales, marketing and field applications engineering office in Sunnyvale, California. The new office – opened December 1 – marks the next phase in the company's worldwide expansion. OneSpin is the first and currently only Electronic Design Automation (EDA) company to provide a functional register transfer-level (RTL) verification solution that enables a true functional sign-off for complex digital modules and intellectual property (IP); it efficiently detects all functional errors in the RTL, saving companies millions of dollars in re-design and re-spin costs and speeding their time to market.

OneSpin's founder, Chief Technology Officer and Managing Director Wolfram Buettner commented, “We have seen significant demand for our formal verification solutions in the U.S. market – from IP, SoC and processor companies. Co-locating our operations in Silicon Valley enables us to provide expert verification support and services at the customer site to speed adoption of our verification solutions. In addition, U.S.-based support is a mandatory requirement by our customers in the defense industry. Establishing a significant U.S. presence is the next logical step in our business development.”