Cadence and Moscow Institute of Electronic Technology Conclude Joint Education Project; The Graduate Program Has Become Self-Sustained and Will Continue to Train Russian Engineers in Advanced IC Design.

SAN JOSE, Calif. & MOSCOW -- Cadence Design Systems, Inc. (NASDAQ:CDNS) and the Moscow Institute of Electronic Technology (MIET) today announced the successful completion of a three-year joint curriculum development project to provide engineering students with the skills and knowledge to work for international technology companies in Russia. As a result, the two-year graduate program is self-sustaining and will continue to help train some of Russia's best and brightest minds, supporting the strong emerging marketplace in Russia.

Under the project, Cadence(R) provided design expertise and training, computer equipment and software, and funding for instructors and student scholarships. The program offers a master's degree in analog/mixed signal engineering and includes 24 courses, accompanying laboratory projects, and practical trainings. So far, 42 students have graduated and begun working for such companies as Angstrom, Cadence, Freescale Semiconductor, UNICOR and Unique IC's.

Professor Yuri Chaplygin, MIET rector and corresponding member of the Russian Academy of Sciences, said: "The cooperation with Cadence enables MIET -- and Russia as a whole -- to train specialists which are urgently needed by the electronics industry. Based on this experience we are planning to cooperate with other universities in Russia to help them deploying this program."

Spencer Clark, vice president and chief learning officer at Cadence, added: "The success of this project reinforces our original intention to enrich educational programs in Russia. Cadence and our customers have employed highly skilled graduates from the scheme, and as a further testimony to the project's success, the master's program is now self-supporting for continued development of talent."

Curriculum of technical courses at MIET are available for educational use at no charge at the Cadence repository. The address is http://crete.cadence.com.

Cadence also recently announced that its technologies and VCAD services were selected by MIET within its IRIS project (Inspire the Russian Innovation System), to help rebuild the Russian electronics industry and facilitate local companies' access to the global industry.

About Cadence

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, printed-circuit boards and systems used in consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2005 revenues of approximately $1.3 billion, and has approximately 5,000 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

Moscow Institute of Electronic Technology: Brief Information

Moscow Institute of Electronic Technology (MIET) is Russia's leading technical university, training most knowledgeable specialists in electronics, information science, telecommunications and several specialties in economics and humanities. MIET has created a unique system, which combines thorough education in physics, mathematics and the computer science, foreign languages and highly specialized training at the university chairs and research laboratories and core enterprises in the industry. For more detailed information about MIET please visit www.miee.ru.

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