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Algotochip Received Significant Investment From Nitto Denko

  Algotochip Received Significant Investment From Nitto Denko

Investment enables expansion of engineering and sales and marketing resources

Business Wire

SUNNYVALE, Calif. -- June 27, 2013

Algotochip, specialists in converting C models of algorithms directly to a
complete SoC silicon IP, announced that Nitto Denko, a $7B Japanese company,
has significantly increased its investment, making them a primary investor in
Algotochip. This additional investment will enable Algotochip to expand its
engineering team and to establish a global sales and marketing organization as
it moves forward with its business strategy. While the Algotochip Bluebox^TM,
can be used to support any SoC, ASIC or FPGA design, the company plans to
expand its help to potential customers by providing foundry-ready C-code for
technologies like Advanced LTE, Smart Grid, multimedia applications and other
communications markets.

"Not only is Algotochip able to make the silicon design effort more efficient
by reducing design cycle times and design costs," said Richard Warzyniak,
Senior Analyst. "Their design approach can offer customers the opportunity to
have more designs completed in less time and for less money than competing
alternatives."

"Algotochip is the first company to provide a complete C-code to GDSII
solution for SoCs, ASICs, FPGAs or IP Blocks," said Tak Shigihara,
Algotochip's president and co-founder. "This investment from Nitto Denko will
reinforce our patented approach and assist a broader array of customers."

About Nitto Denko Corporation

Founded in 1918, Nitto Denko is Japan’s leading diversified materials
manufacturer offering over 13,500 high-value-added products to the global
market. Nitto Denko’s strength lies in its flexibility to add diverse
functionalities to sheets, films and other materials, fully utilizing its core
technologies such as polymer synthesis, adhesion and coating. The Nitto Denko
group’s wide spectrum of specialities include optical films for liquid crystal
displays, automotive materials, reverse osmosis membranes for seawater
desalination, transdermal drug delivery systems, and much more. Nitto Denko is
traded on the Tokyo Stock Exchange (TSE). Total net sales in fiscal year of
Apr.2012 to Mar.2013, amounted to 676 billion Yen (6.76 billion US$ as if
1US$=100Yen). The company consists of 109 subsidiaries across the globe and
employs over 32,000 people.

About Algotochip

Algotochip is the industry’s first company to provide complete SoC GDSII from
Algorithms written in C-code in as little as 8 weeks. The company’s patented
approach provides five direct benefits to the customer: 1) Algotochip enables
the customer to realize the complete custom SoC from their C-code in a very
short time. Algotochip fully supports industry standard ANSI C-code; 2) There
is no need to license any 3rd party IP cores for the SoC nor pay royalties, as
all the components of the SoC are custom designed for the user algorithm; 3)
Algotochip enables the customer to quickly explore the potential area, power,
and cost for envisioned products; 4) Algotochip enables the customer to
explore different implementation choices in terms of process technology and
fabrication houses; and 5) Algotochip achieves significantly lower power
through proprietary power aware architecture design. The company is privately
held and based in Sunnyvale, California, U.S.A. For additional information,
please visit http://www.algotochip.com.

Contact:

DW&A
Donna Wilson, 510-744-1263
donna@donnawilsonandassoc.com