Celoxica and EBV Elektronik Combine ESL Design with Semiconductor Supply Chain Integration

Oxfordshire -- November 27, 2006 – Celoxica (LSE:CXA), today announced cooperation with EBV Elektronik, an Avnet (NYSE:AVT) company, to provide electronic system level (ESL) design solutions to end customers using Altera’s system-on-programmable-chip (SOPC) technology.

With increasing demand for system level solutions to complex SOPC design the companies will deploy their complementary expertise targeting applications where high density logic is closely coupled with microprocessor technology such as Nios II or DSP processors. EBV already provides end-to-end supply chain integration for Altera customers across Europe and Celoxica will apply its ESL knowledge and expertise in conjunction with EBV technical staff. Initially focusing on design projects in the UK, the companies intend to scale the agreement to a pan European level.

“EBV continues to innovate to meet the requirements of customers who present us with ever more challenging, complex and time critical projects”, said Graeme Cathrall, General Sales Manager for EBV in the UK and Ireland. “By tapping into Celoxica’s system level design tools and know-how we can offer a complete design solution from the system specification to chip level implementation.”

One of the highest growth areas for SOPC design is in imaging and video based applications, such as machine vision, broadcast and HDTV. These application types are characterized by the need for real-time performance, their algorithm complexity, time-to-market pressures and volume production. ESL design expressly addresses these challenges and imaging will form the initial application focus for Celoxica and EBV.

Sandeep Ram, vice president of European sales for Celoxica commented, “ESL design for FPGA is being increasingly applied to volume production and it makes sense to work closely with a distribution specialist who is set up to fulfill that demand. As FPGA devices become more powerful, they are being integrated into the heart of the system and ESL delivers the design efficiencies and system capabilities that customers must have.”

About Celoxica

A leader in electronic system level design (ESL), Celoxica is enabling the next generation of advanced electronic products by producing tools, boards, IP and services that turn software into silicon. Celoxica technology raises design abstraction to the algorithm level, accelerating productivity and lowering risk and costs by generating semiconductor hardware directly from C-based software descriptions. Adding to a growing installed base, Celoxica provides the world’s most widely used C-based behavioral design and synthesis solutions to companies developing semiconductor products in markets such as consumer electronics, defense and aerospace, automotive, industrial and security. Celoxica is a publicly traded company on the Alternative Investment Market of the London Stock Exchange under the symbol CXA.

About EBV Elektronik

EBV Elektronik, an Avnet Company, was founded in 1969 and is one of the leading specialists in European semiconductor distribution. EBV maintains its successful strategy of personal commitment to customers and excellent services. 240 Technical Sales Specialists provide a strong focus on a selected group of long-term manufacturing partners. 110 continuously trained Application Specialists offer extensive application know-how and design expertise. Warehouse operations, complete logistics solutions and value-added services such as programming, taping & reeling and laser marking are fulfilled by Avnet Logistics, EBV’s logistical backbone and Europe’s largest service centre. EBV operates from 54 offices in 26 countries throughout Europe as well as in Dubai, Israel and South Africa. More information about EBV Elektronik under www.ebv.com.