MOUNTAIN VIEW, CA -- MIPS Technologies, Inc. (Nasdaq:MIPS)(Nasdaq:MIPSB) and Tality Corporation, a subsidiary of Cadence Design Systems, Inc. (NYSE:CDN) today announced an agreement that will give embedded design engineers using MIPS-based(TM) technology access to Tality's expert system-on-chip (SoC) design capability and complementary intellectual property (IP). The agreement, which complements MIPS Technologies' own strategic services capability, will lower product development costs of MIPS-based solutions and speed time to market for semiconductor manufacturers and system OEMs that license MIPS(R) products. Under terms of the agreement, the companies will deploy a common world-class design methodology for SoC integration of MIPS cores and develop a roadmap for application platforms based on the MIPS32(TM) 4K(TM) family of 32-bit cores and the MIPS64(TM) 5K(TM) family of 64-bit cores. Tality, the world's largest engineering services company, will offer front-end design, integration, verification, core hardening and complete turnkey application platforms incorporating hardware and software elements. The company has begun development of bridge modules from the MIPS cores to an on-chip bus, support modules for the bus, and enhance its SoC verification environment to support MIPS-based systems. In addition, Tality has begun development of a Bluetooth(TM) application platform based on the MIPS32 4K family. "Application platforms address a critical problem in the semiconductor industry, where increasingly complex architectures for SoC designs are consuming valuable engineering resources," said Ajay Shingal, vice president and general manager of the Digital IC Services group at Tality. "This is especially true in the communications arena. Design outsourcing has become very attractive to many manufacturers, largely because of the complexities of communication systems and the need to deploy applications in a timely manner. Our wide range of services will enable MIPS customers to get the most out of their processor cores, whether it's a synthesizable or hardened core, an SoC application platform or any other service that helps them bring their product to market." "MIPS Technologies maintains its leadership and competitive edge in embedded electronics by focusing on our core expertise -- providing leading 32- and 64-bit licensable microprocessor technologies," said Derek Meyer, vice president of worldwide field operations at MIPS Technologies. "We complement our product portfolio and maximize value for our customers by partnering with companies that offer a high degree of systems-level integration know-how. Tality offers expertise in all aspects of electronic product design and knows what it takes to help manufacturers bring better products to market faster. For our customers who choose to outsource product development, Tality's world-class design experience will help them realize enormous productivity and time-to-market benefits." For additional information visit www.tality.com or www.mips.com