Aspec Appoints Frank Lin and Ray Grammer to Management Team; New Leadership Will Refocus SIP Technology on Profitable Niche Areas and Support New Design Tool Products.SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 12, 1999-- Aspec Technology, Inc. (Nasdaq:ASPC ASPC Associated Students of Pomona College (Claremont, California) ASPC American Shetland Pony Club ASPC Arizona State Prison Complex ASPC Algorithmic Statistical Process Control ASPC Attached Shuttle Payload Center ), a provider of very deep submicron system-on-chip (SOC) technologies and design tools, announced today that it has named Frank Lin as its Vice President of Engineering, responsible for all engineering and application support for Aspec's business. In addition, Ray Grammer was named Chief Financial Officer. Lin and Grammer will replace Yen Chang, Sr. Vice President of Engineering and a founder, and R. Michael O'Malley, Chief Financial Officer, who resigned earlier this year. "Frank Lin's and Ray Grammer's appointments signal yet another important step in the transformation of Aspec," said Conrad J. Dell'Oca, Chairman of the Board and co-founder of Aspec. "Frank, with over 27 years experience in VLSI VLSI: see integrated circuit. (1) (Very Large Scale Integration) Between 100,000 and one million transistors on a chip. See SSI, MSI, LSI and ULSI. (2) (VLSI Technology, Inc., Tempe, AZ, www.semiconductors. and system-on-chip development, will reshape our SIP strategy through new system enabling SIP products, as well as, provide valuable input to Aspec's new Silicon Intelligent(TM) EDA (1) (Electronic Design Automation) Using the computer to design, lay out, verify and simulate the performance of electronic circuits on a chip or printed circuit board. tools. Ray, with over 30 years of financial and business management experience, will help implement Aspec's new strategy." The semiconductor intellectual property (SIP) business that Aspec pioneered has gone through dramatic changes in business model since 1998. The traditional product lines of generic libraries targeting at pure play foundries have become commodity products, and as a result have become difficult to differentiate. Aspec will seek to explore new product areas that bring compelling values through Aspec's intimate knowledge and experience of VLSI product development and EDA design methodologies. About Frank Lin Lin has come to Aspec from Chip & Chip, Inc., where he was President and co-founder. Previously, Lin worked in various engineering and senior engineering management capacities in the design, development and testing of new products at Lattice Semiconductor Lattice Semiconductor Corporation (NASDAQ: LSCC) is a United States based manufacturer of high-performance programmable logic devices (FPGAs, CPLDs, & SPLDs). The Oregon based company is the number four ranked company in world market share for FPGA devices,[1] , S-MOS R&D, Bell Labs, and Digital Equipment Corporation (now part of Compaq). During his career, he has contributed and managed a wide range of product development programs, including microprocessors, graphics controllers, high performance floating point accelerators, complex PLDs (CPLD (Complex PLD) A programmable logic device that is made up of several simple PLDs (SPLDs) with a programmable switching matrix in between the logic blocks. CPLDs typically use EEPROM, flash memory or SRAM to hold the logic design interconnections. See PLD and SPLD. ), ESD (1) (Electronic Software Distribution) Distributing new software and upgrades via the network rather than individual installations on each machine. See ESL. protection technologies and photonic research. He holds 16 patents, covering many of the areas relevant to Aspec's business. About Ray Grammer Grammer came to Aspec from Eclipse International, Inc. where he was Chief Financial Officer. Previously, Grammer has worked at ISE Ise (ē`sā), city (1990 pop. 104,164), Mie prefecture, S Honshu, Japan, on Ise Bay. It is one of the foremost religious centers of Shinto, the site of the shrines of Ise. Labs, Inc., Alphatec Electronics, Inc., Headland Technology, Inc., Signetics and Fairchild in financial and business development management. About Aspec Technology Aspec Technology, Inc. (Nasdaq:ASPC) is a provider of semiconductor intellectual property (SIP) libraries and design services for complex IC (Integrated Circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for ) design and development. Aspec is located at 830 East Arques Avenue, Sunnyvale, CA 94086. More information is available at http://www.aspec.com. This news release contains forward looking statements related to Aspec which are based on current expectations that includes statements regarding the Company's future expectations, beliefs, hopes, intentions, and strategies. These forward looking statements may involve substantial risks and uncertainties. Actual results and developments therefore may differ materially from those described in this release. For more information about Aspec and risks arising when investing in Aspec, you are directed to Aspec's most recent reports on Form 10-Q Form 10-Q See 10-Q. and registration statement on Form S-1 as filed with the United States Securities and Exchange Commission. Acronyms: ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. : Application Specific IC EDA: Electronic Design Automation IC: Integrated Circuit IP: Intellectual Property SIP: Semiconductor Intellectual Property SoC: System-on -Chip |
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