LogicVision Introduces Fastest Silicon Debug Saving Development Time and Resource Costs

Industry's First At-Speed Desktop Debug Increases Market Opportunity for Embedded Test

San Jose, Calif., June 5, 2002 - LogicVision, Inc., (NASDAQ:LGVN), a leading provider of embedded test for integrated circuits, today announced the industry's fastest solution for at-speed silicon debug that is expected to save months in time-to-market. The comprehensive and integrated solution is targeted at the broad range of chips for consumer, computer, communications and other commercial applications. This solution enables the fastest at-speed debug at the engineer's desktop. With this innovative introduction, LogicVision has created a new market for its embedded test technology.

In beta trials of this silicon debug capability, LogicVision's customers have already witnessed over 100 times improvement in debug time as compared to conventional solutions. In one particular case, the first silicon consisting of 10 million gates and on .13 micron technology, the at-speed test successfully ran 45 minutes after the first silicon was received.

LogicVision's silicon debug solution is composed of software, intellectual property and hardware and is seamlessly integrated from design to debug. This immediate at-speed silicon debug capability can reduce the debug process time down to hours and days instead of many months using traditional at-speed debug methodologies. When the first silicon prototypes are received, LogicVision's desktop debug platform, called the Validator, with its software and the design test database is used to perform at-speed debug with the click of a few buttons.

LogicVision's Validator provides a fully functional desktop diagnostics environment for at-speed debugging of silicon incorporated with LogicVision's embedded test. This solution eliminates dependence on test vectors, test programs, and hard to access test equipment. LogicVision's solution is expected to increase the productivity of chip designers and test engineers during the critical phase of silicon validation and debug.

"Our introduction of this integrated solution for silicon debug helps address one of the largest areas of concern for our customers—transitioning from initial silicon prototypes to volume production," said Mukesh Mowji, vice president of marketing at LogicVision. "Our customers are focused on getting their products out to market quickly."

LogicVision's integrated silicon debug solution will be demonstrated at the 2002 Design Automation Conference in New Orleans, La., June 10-13, 2002, Booth #3052.

Availability

The integrated solution is available with deliveries projected for early Q302. For more product details and specific pricing, please contact LogicVision's sales offices via email at info@logicvision.com.

About LogicVision Inc.

LogicVision (NASDAQ: LGVN) provides proprietary technologies for embedded test that enable the more efficient design and manufacture of complex semiconductors. LogicVision's embedded test solution allows integrated circuit designers to embed into a semiconductor design test functionality that can be used during semiconductor production and throughout the useful life of the chip. For more information on the company and its products, please visit the LogicVision Web site at www.logicvision.com.

Forward-Looking Statements

Except for the historical information contained herein, the matters set forth in this press release, including statements as to expected savings in time-to-market and the expected features, benefits and availability for delivery of the integrated silicon debug solution, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risk and uncertainties that could cause actual results to differ materially, including, but not limited to, the impact of technological advances and competitive products, and other risks detailed in LogicVision's Form 10-Q for the quarter ended March 31, 2002 and from time to time in LogicVision's SEC reports. These forward-looking statements speak only as of the date hereof. LogicVision disclaims any obligation to update these forward-looking statements.

LogicVision, Embedded Test, LogicVision Ready and LogicVision logos are trademarks or registered trademarks of LogicVision Inc. in the United States and other countries. All other trademarks and service marks are the property of their respective owners.