Mentor Graphics Receives 2008 Corporate Award from IEEE Standards Association.

PISCATAWAY, N.J. -- Mentor Graphics Corporation has been honored with the IEEE Standards Association (IEEE-SA) 2008 Corporate Award in recognition of the company's "visionary leadership in bringing greater efficiency to the standards development process in the Design Automation Standards Committee through the adoption and support of the entity based development model."

Mentor Graphics has actively supported the development and adoption of IEEE standards for electronic design automation (EDA) from the IEEE's first standard in this area, VHDL, which was approved in 1987. For more than two decades since, Mentor Graphics has donated key technology for IEEE standards consideration, offered technical talent to help develop additional EDA standards, and provided seasoned individuals to manage and lead IEEE working groups and participate in IEEE-SA governance. More recently, Mentor Graphics has driven innovation in the development of standards to bring industrial backing and support to foster the delivery of timely and market relevant standards in support of the IEEE corporate process.

"This award honors Mentor Graphics for its leadership and dedication in partnering with us to create standards for EDA technologies," says Judy Gorman, Managing Director of IEEE-SA. "Industry has embraced many of these standards, and they have helped to change the way that people and businesses communicate around the globe. Mentor Graphics' consistent support of, and leadership within, the IEEE-SA Corporate Program has helped to strengthen an already world-class standards development process and allowed us to make great strides toward our strategic goals."

"Mentor has long recognized the pivotal role that standards play in product research and development," said Walden Rhines, Chairman and Chief Executive Officer of Mentor Graphics. "We have always been supportive of and active in the IEEE standards process, and it has proven to be instrumental in improving the quality and relevance of EDA technology and tools."

John Lenyo accepted the award on behalf of Mentor Graphics.

The IEEE-SA Corporate Award is presented annually to an IEEE-SA member organization for providing outstanding leadership and contributions to the IEEE-SA. Past recipients include Intel Corporation; Motorola, Inc.; Hewlett-Packard Company; Sony Electronics, Inc.; Lucent Technologies - Bell Labs; and IBM Corporation.

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 $850 million and employs approximately 4,450 people worldwide. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.

About the IEEE Standards Association

The IEEE Standards Association, a globally recognized standards-setting body, develops consensus standards through an open process that engages industry and brings together a broad stakeholder community. IEEE standards set specifications and best practices based on current scientific and technological knowledge. The IEEE-SA has a portfolio of 950 active standards and nearly 500 standards under development. For information on the IEEE-SA, see: http://standards.ieee.org.

About the IEEE

The IEEE (Institute of Electrical and Electronics Engineers, Inc.) is the world's largest technical professional society. Through its more than 375,000 members in 160 countries, the organization is a leading authority on a wide variety of areas ranging from aerospace systems, computers and telecommunications to biomedical engineering, electric power and consumer electronics. Dedicated to the advancement of technology, the IEEE publishes 30 percent of the world's literature in the electrical and electronics engineering and computer science fields, and has developed nearly 900 active industry standards. The organization annually sponsors more than 850 conferences worldwide. Additional information about the IEEE can be found at http://www.ieee.org.