|
November 08, 2004 08:45:00 AM ET
SAN JOSE, Calif., Nov. 8 /PRNewswire-FirstCall/ -- LogicVision, Inc. LGVN, a
leading provider of embedded test and diagnostic solutions for semiconductors,
today announced that it has completed its acquisition of SiVerion, Inc., an
Arizona-based provider of parametric yield analysis solutions.
As previously announced, LogicVision issued approximately two million shares
of its common stock and $2 million in cash at closing to SiVerion's stockholders.
In addition, LogicVision agreed to make a contingent future payment of up to
$2 million if the per share price of LogicVision common stock is less than $3.00
on the two-year anniversary of the closing date.
The acquisition of SiVerion significantly broadens LogicVision's yield enhancement
solutions. The combined technologies provide a powerful infrastructure for automated
yield learning, which LogicVision expects will result in accelerated time-to-yield
for advanced designs and processes.
About LogicVision, Inc.
LogicVision provides proprietary technology that enhances yield in the manufacturing
of complex semiconductors. LogicVision's embedded yield enhancement solution
allows integrated circuit designers to embed test and diagnostic functionality
that is used both during semiconductor production and throughout the useful
life of the chip. Through use of these LogicVision "eyes in the die,"
customers can enhance their product yield, maximize quality, lower test costs
and speed time to market. More information is available at www.logicvision.com.
Forward Looking Statements
Except for the historical information contained herein, the matters set forth
in this press release, including statements as to the objectives and expected
benefits of the companies' alliance and the expected benefits of embedded test
and yield enhancement products and services are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties that could cause actual results
to differ materially, including, but not limited to, the ability to integrate
SiVerion following acquisition, the impact of competitive products and technological
advances, and other risks detailed in LogicVision's Form 10-Q for the quarter
ended June 30, 2004, and from time to time in LogicVision's SEC reports. These
forward-looking statements speak only as of the date hereof. LogicVision disclaims
any obligation to update these forward-looking statements. © 2004 PRNewswire
| 