First Class Graduates from Moscow Institute of Electronic Technology

2/23/2004 - Cadence Design Systems, Inc. (NYSE:CDN), announced the first graduating class from the Cadence-sponsored Device and System Design program at the Moscow Institute of Electronic Technology (MIET).

The program offers a master's degree in analog/mixed signal engineering and includes 25 technical courses and accompanying laboratory projects and practical training. Students also study English and complete internships at prominent IC design companies.

The goal of the MIET 3-year program is to provide students with the skills and knowledge to hold positions with international technology companies in Russia. By growing a community of engineering talent in Russia, the program not only provides companies with the best and brightest minds, but also supports the strong emerging marketplace in Russia. Cadence is providing design expertise and training, computer equipment and software, and is funding instructor & student scholarships.

"We are extremely proud of the 2004 graduating class and feel that the program has prepared them for successful careers in the electronics industry," said Ray Bingham, president and CEO of Cadence. "The electronics industry in Russia is growing every year, and this program is a step toward ensuring that there is a stable, high-caliber workforce to meet those needs."

About Cadence
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 2003 revenues of approximately $1.1 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

Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc.

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