Axis Systems and Mentor Graphics Settle Litigation; Agree to Patent Cross-License.Business Editors/High-Tech Writers SUNNYVALE, Calif. & WILSONVILLE, Ore.--(BUSINESS WIRE)--Dec. 5, 2002 Axis Systems, Inc. and Mentor Graphics Mentor Graphics, Inc (NASDAQ: MENT) is a US-based multinational corporation dealing in electronic design automation (EDA) for electrical engineering and electronics, as of 2004, ranked third in the EDA industry it helped create. Corporation (Nasdaq:MENT) today announced they had reached a settlement of their patent litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . As part of the settlement, the companies will cross-license emulation patents and drop their on-going lawsuits. The settlement covers Mentor's IKOS(R) emulation patents and Axis' hardware-assisted verification patents. "We're happy to have reached a settlement with Axis Systems," said Gregory K. Hinckley, president of Mentor Graphics. "We prefer to focus on competing in the marketplace, rather than in the courtroom." "Our focus is to continue delivering breakthrough verification technology," said Mike Tsai, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Axis Systems. "We are pleased that we were able to amicably resolve the dispute with Mentor Graphics." About Axis Systems Axis Systems, Inc. offers high-performance verification systems for the hardware and software development of complex electronic system and system-on-a-chip designs. Axis' products help increase confidence in new designs, improve overall verification productivity and shorten time to market. On a single system and with one design database, Axis' patented ReConfigurable Computing See adaptive computing. (RCC RCC - An extensible language. ) technology provides software simulation, accelerated simulation, system emulation and hardware/software co-verification. Customers include the world's leading graphics, networking, multimedia, and processor companies. Axis is Axis I Psychiatry A classification dimension used with DSM-IV, which includes clinical disorders and syndromes and/or other areas of concern. See DSM-IV, Multiaxial system. headquartered at 209 E. Java Drive, Sunnyvale, CA 94089. To learn more about Axis, www.axiscorp.com. About Mentor Graphics Mentor Graphics Corporation (Nasdaq:MENT) is a world leader in electronic hardware and software design solutions, providing products, consulting services and award-winning support for the world's most successful electronics and semiconductor companies. Established in 1981, the company reported revenues over the last 12 months of about $600 million and employs approximately 3,700 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon Wilsonville is a city in Clackamas County, Oregon, United States. The population was 13,991 at the 2000 census, and as of 2005 was estimated to be 16,510.[1] Geography Wilsonville is located at (45.306805, -122. 97070-7777; Silicon Valley headquarters are located at 1001 Ridder Park Drive, San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. 95131-2314. World Wide Web site: www.mentor.com. Mentor Graphics and IKOS are registered trademarks of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners. |
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