Cadence Marks Annual Innovation Day With Honors for Its Top Technology Leaders

Company Enhances Long Legacy of Innovative Contributions With New Patents and Inventions in the EDA Market

Cadence Design Systems, Inc. (NASDAQ: CDNS), the leader in global electronic design innovation, today is celebrating Innovation Day, honoring the contributions Cadence® employees have made to the company and the electronics industry as a whole. Having garnered more than 800 U.S. patents and an additional 150 international patents, Cadence has a long legacy of technology innovation that has enabled EDA customers to successfully create some of the world's most recognized consumer and business products for over 20 years.

"Innovation Day is a way of expressing gratitude to the innovators at Cadence for the assistance they have provided in moving the global electronics industry forward," said Cadence Chief Technology Officer Charlie Huang. "And beyond Cadence, it's our way of tipping our hat to all the electronics industry innovators whose efforts pay global dividends."

Cadence has been a consistent leader in technology since it was founded in 1988. Headquartered in San Jose, Calif., Cadence develops products and offers services used by engineers to design the complex chips and systems that serve as the backbone of electronic products, including products fueling today's burgeoning consumer electronics market.

This marks the fourth year that Cadence has recognized its leading engineers and scientists with the Excellence in Innovation Award. Cadence Innovation Day will include an afternoon event where this year's award recipients will be recognized for their contributions by the entire company. In the evening, they will be feted at a special reception with the Mayor of San Jose.

"Innovation is a hallmark of San Jose and Silicon Valley," said San José Mayor Chuck Reed. "The rest of the world looks to our people and our companies for a steady stream of world-changing technology. I am delighted to be able to honor Cadence employees and their accomplishments."

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, consumer electronics, networking and telecommunications equipment, and computer systems. 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.

Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc., in the USA and other countries. All other marks and names are the property of their respective owners.