SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 26, 2004--Monolithic System Technology, Inc. (MoSys), (Nasdaq:MOSY) the industry's leading provider of high density SoC embedded memory solutions, announced today the appointment of Amos Technology as its sale representative in Israel. Amos Technology is one of the leading representatives of IP design licenses, EDA design tools and IC design services in Israel.
"With the increasing growth of the Israeli semiconductor market, it is imperative for us to establish a presence in the region for expanding our sales opportunities," commented MoSys' Vice President of Sales and Marketing Karen Lamar. "Amos Technology has the experience and knowledge that will enable us to effectively service this important market."
"MoSys' 1T-SRAM technology is uniquely positioned to penetrate the Israeli market and sets MoSys apart as one of the premier providers of advanced high-density memory technology," said Boaz Amram, Founder and CEO of Amos Technology. "MoSys' technology provides high-density embedded memory solutions which is an increasing requirement in our market."
Founded in 1991, MoSys (Nasdaq:MOSY), develops, licenses and markets innovative memory technologies for semiconductors. MoSys' patented 1T-SRAM technologies offer a combination of high density, low power consumption, high speed and low cost unmatched by other available memory technologies. The single transistor bit cell used in 1T-SRAM memory results in the technology achieving much higher density than traditional four or six transistor SRAMs while using the same standard logic manufacturing processes. 1T-SRAM technologies also offer the familiar, refresh-free interface and high performance for random address access cycles associated with traditional SRAMs. In addition, these technologies can reduce operating power consumption by a factor of four compared with traditional SRAM technology, contributing to making them ideal for embedding large memories in System on Chip (SoC) designs. MoSys' licensees have shipped more than 80 million chips incorporating 1T-SRAM embedded memory technologies, demonstrating excellent manufacturability in a wide range of silicon processes and applications. MoSys is headquartered at 1020 Stewart Drive, Sunnyvale, California 94085. More information is available on MoSys' website at http://www.mosys.com.
About Amos Technology
Amos Technology, located in Ra'anana, Israel, specializes in representing leading companies in the fields of EDA design tools, IP designs and IC design services. Amos represents such companies as Denali Soft, LogicVision, Magma-DA, OEA, Sycon-Design, Tensilica and TriCN. The company was founded by Boaz Amram, who has more than 16 years of experience in Israel and Europe, including as the Director of Sales for LSI Logic and General Manager of CATC Israel. For more information, please see: http://www.amos.co.il.
This press release may contain forward-looking statements about the Company including, without limitation, benefits and performance expected from use of the Company's 1T-SRAM technology.
Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include but are not limited to, customer acceptance of our 1T-SRAM technologies, the timing and nature of customer requests for our services under existing license agreements, the timing of customer acceptance of our work under such agreements, the level of commercial success of licensees' products such as the Nintendo GAMECUBE and cell phone hand sets, ease of manufacturing and yields of devices incorporating our 1T-SRAM, our ability to enhance the 1T-SRAM technology or develop new technologies, the level of intellectual property protection provided by our patents, the vigor and growth of markets served by our licensees and customers and operations of the Company and other risks identified in the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commission, as well as other reports that MoSys files from time to time with the Securities and Exchange Commission. MoSys undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.
1T-SRAM(R) is a MoSys trademark registered in the U.S. Patent and Trademark Office. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
CONTACT: Monolithic System Technology, Inc., Sunnyvale
Mark Voll, 408-731-1846
Shelton Investor Relations
Beverly Twing, 972-239-5119 x126
SOURCE: Monolithic System Technology, Inc.