Monterey Design Systems Hires 50th Employee in Armenia; Company
Recognized for Outstanding Contribution to Armenia’s High-tech
Industry

LOS ALTOS HILLS, Calif.–(BUSINESS WIRE)–07/01/2004–Monterey Design
Systems has just hired its 50th employee in Armenia, and for its
outstanding contribution to the growth of Armenia’s high-tech
industry, the company has received a special award from the Armenian
Chamber of Commerce. In a ceremony held yesterday in Silicon Valley,
Dr. Aram Vardanyan, chairman of the Armenian Chamber of Commerce,
presented the award to Dr. Jacques Benkoski, president and CEO of
Monterey.

“We are extremely pleased that Monterey Design Systems selected
Armenia for its R&D facility. We continue to be impressed by how fast
the company has grown their team over the last year,” said Aram
Vardanyan, who is also a member of the Armenia Academy of Science and
was the former General Director of the Semiconductors Plants in
Armenia.

Monterey has steadily increased its operation at its Arset R&D Center
in Yerevan, Armenia, recently passing the milestone of 50
employees. “Since Monterey began operations in Armenia, we’ve built an
excellent team based on very highly educated and qualified engineers
and with a close cooperation with Yerevan University,” said Hayk
Hovhannisyan, general manager of Monterey’s Arset operation. “We have
enjoyed tremendous success and growth, and it’s a pleasure to be
contributing to Monterey’s overall success in this way.”

Monterey’s Arset R&D facilities in Yerevan are based in the Viasphere
Technopark (), a well recognized commercial park,
housing over 300 professionals and several high technology companies
representing diverse disciplines including semiconductors,
semiconductor intellectual property, electronic design automation,
enterprise software, and network management.

About Monterey Design Systems

Based in Mountain View, Calif., and with offices in major electronics
markets worldwide, Monterey Design Systems Inc. provides software to
enable the design of today’s most complex systems on a chip
(SoCs). With Monterey’s physical design solutions, engineering teams
can improve the performance, shorten the time to market, and reduce
the cost of the products they design. Global electronics giants such
as ST Microelectronics, Toshiba, NEC, and Zoran have been taping out
chips using Monterey tools for more than four years. Monterey partners
with other leading EDA companies, such as Cadence (NYSE:_CDN_
(aol://4785:CDN/) ) and Synopsys (Nasdaq:_SNPS_ (aol://4785:SNPS/) ),
to ensure interoperability in all major design flows. To learn more,
visit

Monterey and Monterey Design Systems are registered trademarks or
trademarks of Monterey Design Systems. Viasphere and Viasphere
Technopark are registered trademarks or trademarks of Viasphere. All
other trademarks are the property of their respective owners.

CONTACT:Monterey Design Systems Juli Rombuck, 650-237-2022
juli@mondes.com or Cayenne Communication Michelle Clancy,
252-940-0981 michelle.clancy@cayennecom.com

SOURCE: Monterey Design Systems

07/01/2004 18:02 EASTERN