Infineon Technologies Joins Verisity's LicenseE Program

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 12, 2002--Verisity Ltd. (Nasdaq:VRST), the leading supplier of essential technology and methodology for functional verification, today announced that Infineon Technologies (FSE:IFX)(NYSE:IFX), a leading provider of semiconductor and system solutions for applications in the wired and wireless communications markets, has joined its LicenseE(TM) program. Infineon joins the growing list of companies coming together through the LicenseE program in an effort to drive Verisity's e language towards public standardization.

"As LicenseE program members, we are committed to working with Verisity and our fellow program participants to see the e standardization process through to completion," said Pramod K Pandey, director R&D, Communication ICs at Infineon Technologies Asia Pacific, Singapore. "We look forward to serving on the Steering Committee and having an impact on the future direction of the e language. The standardization of e will benefit our company as well as the industry as a whole."

The EDA industry has seen significant momentum around the standardization of Verisity's e language. By joining the LicenseE program, Infineon will help to accelerate that effort. LicenseE partners automatically become part of the e language Steering Committee. The Steering Committee's purpose is to drive the e language to standardization to better serve the verification market. All companies on the Steering Committee have equal say, including Verisity.

"We are pleased at the large number of industry leaders making a strong commitment to the e language through their membership in the LicenseE program," said Francine Ferguson, vice president of worldwide marketing for Verisity. "We are committed to making our e verification language an open public standard with the support of leading companies like Infineon."

Infineon Technologies joins a prestigious list of strategic industry players supporting the e language initiative through the LicenseE program. Currently participating in the program are a number of Verisity customers including: ARM, Cisco Systems, Infineon Technologies, LSI Logic, PMC-Sierra, and STMicroelectronics.

About Infineon
Infineon Technologies AG, Munich, Germany, offers semiconductor and system solutions for applications in the wired and wireless communications markets, for security systems and smartcards, for the automotive and industrial sectors, as well as memory products. With a global presence, Infineon operates in the US from San Jose, CA, in the Asia-Pacific region from Singapore and in Japan from Tokyo. In the fiscal year 2001 (ending September), the company achieved sales of Euro 5.67 billion with about 33,800 employees worldwide. Infineon is listed on the DAX index of the Frankfurt Stock Exchange and on the New York Sock Exchange (ticker symbol: IFX). Further information is available at www.infineon.com.

About Verisity
Verisity, Ltd. (Nasdaq:VRST), is the leading supplier of essential technology and methodology for the functional verification market. The company addresses customers' critical business issues with its market-leading software and intellectual property (IP) that effectively and efficiently verify the design of electronic systems and complex integrated circuits for the communications, computing, and consumer electronics global markets. Verisity's flagship verification solution, Specman Elite(TM), automates manual processes and detects critical flaws in hardware designs enabling delivery of the highest quality products and accelerating time to market. The company's strong market presence is driven by its proven technology, methodology, and solid strategic partnerships and programs. Verisity's customer list includes leading companies in all strategic technology sectors. Verisity is a global organization with offices throughout Asia, Europe, Israel, and North America. Verisity's principal executive offices are located in Mountain View, California, with its principal research and development offices located in Rosh Ha'ain, Israel. For more information, visit www.verisity.com.

Note to Editors: Verisity, Specman Elite and LicenseE are either registered trademarks or trademarks of Verisity Design, Inc. in the United States and/or other jurisdictions. All other trademarks are the property of their respective holders.