SAN JOSE, Calif., Oct. 29, 2008 (GLOBE NEWSWIRE) -- Magma(r) Design Automation Inc. (Nasdaq:LAVA), a provider of chip design software, today announced that Avnera Corporation standardized on Magma's implementation software for development of its AvneraAudio(tm) integrated circuits and modules. Avnera, a fabless semiconductor company developing breakthrough technology for wired-quality wireless audio, selected the Magma system for its ability to shorten total turnaround time and get finished chip designs to market faster.
"Avnera technology enables breakthrough wired-quality audio products," said Yatin Majmudar, vice president of Operations for Avnera. "The use of Magma's system has enabled a significant quality and time-to-market advantage."
Avnera makes ICs and modules for both wireless transmitters and receivers including its flagship AudioMagic chips that deliver wired-sound quality and driverless plug-and-play installation.
"The real value Magma delivers is enhancing customers' productivity by enabling them to finish designs faster," said Kevin Moynihan, general manager of Magma's Design Implementation Business Unit. "Avnera's decision to standardize on Magma software confirms the software's ability to address the design challenges of advanced semiconductors."
Magma's software for designing integrated circuits (ICs) is used to create complex, high-performance chips required in cellular telephones, electronic games, WiFi, MP3 players, DVD/digital video, networking, automotive electronics and other electronic applications. Magma's EDA software for IC implementation, analysis, physical verification, circuit simulation and characterization is recognized as embodying the best in semiconductor technology, enabling the world's top chip companies to "Design Ahead of the Curve"(tm) while reducing design time and costs. Magma is headquartered in San Jose, Calif., with offices around the world. Magma's stock trades on Nasdaq under the ticker symbol LAVA. Visit Magma Design Automation on the Web at www.magma-da.com.
Magma is a registered trademark and "Design Ahead of the Curve," is a trademark of Magma Design Automation Inc. All other product and company names are trademarks or registered trademarks of their respective companies.
Except for the historical information contained herein, the matters set forth in this press release, including statements that Magma software reduces turnaround time and about the features and benefits of Magma's and Avnera's products are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially including, but not limited to Magma's ability to keep pace with rapidly changing technology and Magma's and Avnera's products' abilities to produce desired results. Further discussion of these and other potential risk factors may be found in Magma's public filings with the Securities and Exchange Commission ( www.sec.gov). Magma undertakes no additional obligation to update these forward-looking statements.
CONTACT: Magma Design Automation Inc.
Monica Marmie, Director, Marketing Communications