PMC-Sierra Joins Verisity's LicenseE Program

11/13/2002 - Verisity, the leading supplier of essential technology and methodology for functional verification, announced that PMC-Sierra, a leading provider of high-speed broadband communications semiconductors and MIPS-based processors, has joined its LicenseETM program. PMC-Sierra is the latest company to join the rapidly expanding program, adding to the growing momentum around Verisity's e verification language.

"We have several projects in development using the e verification language," said Colin Harris, vice president of IC Technology at PMC-Sierra. "A standardized verification language will bring numerous benefits to the industry. As members of the LicenseE program and the e Steering Committee, we are hoping to accelerate the standardization effort, making the e language open and available as soon as possible."

LicenseE partners automatically become part of the e language Steering Committee. The Steering Committee's purpose is to drive the e language to standardization and better serve the verification community. All companies on the Steering Committee have equal say, including Verisity.

"PMC-Sierra is an excellent addition to a powerful group of companies who have come together to drive the e language standardization effort," said Francine Ferguson, vice president of worldwide marketing for Verisity. "The company brings tremendous experience and is well versed in the ways of standard bodies. They'll be an extremely valuable asset to the e standardization movement."

PMC-Sierra 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 PMC-Sierra
PMC-Sierra is a leading provider of high speed broadband communications and storage semiconductors and MIPS-based processors for Enterprise, Access, Metro Optical Transport, Storage Area Networking and Wireless network equipment. The company offers worldwide technical and sales support, including a network of offices throughout North America, Europe and Asia. PMC-Sierra is included in the S&P 500 Index which consists of 500 stocks chosen for market size, liquidity, and industry group representation and in the NASDAQ-100 Index (NDX) which contains the largest non-financial companies on the NASDAQ Stock Market. The company is publicly traded on the NASDAQ Stock Market under the PMCS symbol.

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 EliteTM, 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.

Verisity, Specman Elite and LicenseE are either registered trademarks or trademarks of Verisity Design, Inc. in the United States and/or other jurisdictions.

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