Cadence to Offer Simplex Extraction Technology

1/16/2002 - Cadence Design Systems, Inc. (NYSE: CDN), the world's leading supplier of electronic design products and services, and Simplex Solutions, Inc. (Nasdaq: SPLX), a leading provider of software and services for the design and verification of integrated circuits, today announced a technology-licensing agreement that gives Cadence exclusive distribution rights to the Simplex standalone parasitic extraction technology, Fire & Ice® QX. The agreement addresses customers' requirements for fast, accurate parasitic extraction by incorporating Simplex extraction technology as part of the Cadence® advanced deep submicron solution-the industry's most complete design flow. Financial terms of the four-year agreement were not disclosed.

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