2/5/2004 - Cadence Design Systems, Inc. (NYSE:CDN), together with the 49ers Foundation, announced that they have chosen the Children's Discovery Museum of San Jose as the 2004 beneficiary of the 11th Stars & StrikesTM fund-raiser. The museum provides children, families and schools with a center for learning and discovery, and aims to instill a sense of wonder and joy in learning through playful, scientific exploration. Proceeds from the event will aid in the construction of an 8,600 square-foot outdoor learning laboratory.
Cadence underwrites and organizes Stars & Strikes, a bowling tournament that features Silicon Valley and celebrity bowlers raising funds for selected community programs. The goal of this year's event is to raise at least $500,000 for the Children's Discovery Museum.
"We are extremely pleased and grateful to be this year's beneficiary of the Cadence Stars & Strikes fundraiser," said Connie Martinez, executive director of the Children's Discovery Museum of San Jose. "The funds will enable us to complete construction of our amphitheater, which will impact the programs that reach out to the hardest to serve, the disadvantaged youth in the area. By selecting us as the beneficiary, Cadence and the 49ers Foundation are directly benefiting children and the surrounding community for years to come by providing a permanent home base for some of our in-depth educational programs."
"In the current economic climate, projects that directly benefit at-risk families and children in our community have been seriously under-funded," said Ray Bingham, president and CEO of Cadence. "Stars & Strikes leverages contributions from companies and individuals to help make these scientific and educational projects a reality."
"We're excited about renewing our partnership with Cadence and Stars & Strikes," said Tom Bowen, executive director of the 49ers Foundation. "We look forward to involving current and alumni players and coaches to help make this year's Stars & Strikes event memorable and successful."
Stars & Strikes has become one of the largest community events of its kind in Silicon Valley. Since 1990, Cadence partners in business have come together as partners in the community raising more than $4.7 million, most of which has been used to fund major programs and projects that provide significant benefits to local non-profit organizations and charities that serve those in need.
Companies interested in sponsorship opportunities or in having a team compete in the tournament should call Kathy Wheeler, senior community relations manager, at (408) 428-5993.
About the Children's Discovery Museum of San Jose
The Children's Discovery Museum of San Jose provides children, families and schools with a center for learning and discovery. It offers interactive exhibits and programs in a warm and inviting setting. Its educational mission encompasses the themes of Connections, Community, and Creativity. The Museum's programs encourage children to define their role in and contribution to both local and global communities. As a center for creative play and expression, the Museum provides opportunities for all of us to discover the world through the eyes of our children.
About the 49ers Foundation
Established in 1991, the 49ers Foundation is dedicated to enhancing the educational, social and cultural needs of our community. The foundation offers unique resources and financial support to non-profit organizations working to enrich and strengthen communities throughout the greater San Francisco Bay Area.
Cadence is the largest supplier of electronic design technologies, methodology services, and design services. Cadence solutions are used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With approximately 4,800 employees and 2002 revenues of approximately $1.3 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif., and traded on the New York Stock Exchange under the symbol CDN. More information about the company, its products and services is available at www.cadence.com.
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