Jun 27, 2013

Investment enables expansion of engineering and sales and marketing resources June 27, 2013 09:00 AM Eastern Daylight Time SUNNYVALE, Calif.--( BUSINESS WIRE )--Algotochip, specialists in converting C models of algorithms directly to a complete SoC silicon IP, announced that Nitto Denko, a $7B Japanese company, has significantly increased its investment, making them a primary investor in Algotochip. This additional investment will enable Algotochip to expand its engineering team and to establish a global sales and marketing organization as it moves forward with its business strategy. While the Algotochip BlueboxTM, can be used to support any SoC, ASIC or FPGA design, the company plans to expand its help to potential customers by providing foundry-ready C-code for technologies like Advanced LTE, Smart Grid, multimedia applications and other communications markets. "Not only is Algotochip able to make the silicon design effort more efficient by reducing design cycle times and design costs," said Richard Warzyniak, Senior Analyst. "Their design approach can offer customers the opportunity to have more designs completed in less time and for less money than competing alternatives. " "Algotochip is the first company to provide a complete C-code to GDSII solution for SoCs, ASICs, FPGAs or IP Blocks," said Tak Shigihara, Algotochip's president and co-founder. "This investment from Nitto Denko will reinforce our patented approach and assist a broader array of customers. " About Nitto Denko Corporation Founded in 1918, Nitto Denko is Japan’s leading diversified materials manufacturer offering over 13,500 high-value-added products to the global market. Nitto Denko’s strength lies in its flexibility to add diverse functionalities to sheets, films and other materials, fully utilizing its core technologies such as polymer synthesis, adhesion and coating. The Nitto Denko group’s wide spectrum of specialities include optical films for liquid crystal displays, automotive materials, reverse osmosis membranes for seawater desalination, transdermal drug delivery systems, and much more. Nitto Denko is traded on the Tokyo Stock Exchange (TSE). Total net sales in fiscal year of Apr.2012 to Mar.2013, amounted to 676 billion Yen (6.76 billion US$ 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 . Contacts