ParthusCeva and AXYS Introduce Multi-Core Verification Support for Teak DSP Core

New MaxLib Teak model enables high speed architecture analysis and software development on virtual Teak multi-core platforms

San Jose and Irvine, CA - 23 September 2003 - ParthusCeva, Inc. (Nasdaq: PCVA, LSE: PCV), the industry's leading licensor of Digital Signal Processor (DSP) cores and solutions, and AXYS® Design Automation, Inc., the leading provider of multi-core verification solutions, today announced the availability of the new MaxLib® Teak® cycle-accurate model for system architecture trade-off analysis, hardware/software co-verification and early software development of multi-core designs incorporating ParthusCeva's licensable Teak DSP Core.

The high-performance cycle-accurate Teak model is fully verified against the golden RTL reference and integrated into AXYS' MaxSim™ Developer Suite and ARM's RealView debugger for system-level virtual prototyping and debugging of multi-core System-on-Chip designs combining Teak DSP cores, ARM cores and associated peripherals. The MaxLib Teak model was developed and fully verified in record time using AXYS' MaxCore® technology and the LISA language.

"The new ParthusCeva - AXYS Design models for improved system design methodology strengthen our licensees capabilities to develop complex multi-core chipsets faster and more cost-effectively," commented Eyal Ben-Avraham, VP Support and Embedded Software, DSP division of ParthusCeva. "With multi-core platforms incorporating our SmartCores™ DSP family, high performance virtual models are an important element in system architectural trade-off analysis, hardware and software design considerations and simultaneous verification for our DSPs."

"With the newest MaxLib Teak model we have once again proven our strong dedication to ParthusCeva's industry leading DSPs, and continued our leadership as the premier provider of DSP verification solutions," said Vojin Zivojnovic, President & CEO of AXYS Design Automation. "The increasingly complex task of partitioning embedded software between multiple cores requires efficient system-level virtual prototyping solutions in order to fully optimize the designs and its software, pass rigorous verification tests and meet tight development schedules. Our MaxSim, MaxLib and MaxCore tools are natively developed to help the designers facing such challenges."

System-level virtual prototypes are available to embedded software developers and verification teams prior to implementation of the actual hardware. In contrast to classical hardware based debugging, they uniquely enable non-intrusive access to internal registers, signals and transactions at all times during simulation. Specific test scenarios can be easily reproduced and do not rely on environment conditions. The new Teak model ensues the successful TeakLite® and OakDSPCore® models; these models allow ParthusCeva's licensees to fully model systems incorporating SmartCores and ARM cores in MaxSim.

Teak is a 16-bit fixed-point general-purpose licensable DSP core. Teak is a dual MAC architecture with parallelism capabilities. Designed as a fully synthesizable soft core, it enables fast process and foundry migration. The low power Teak DSP design as well as its high performance makes it suitable to a wide variety of battery-powered portable applications, including speech and audio processing, multimedia and wireless communications (2/2.5 and 3G), high-speed modems, and various embedded control applications.

The MaxLib Teak cycle-accurate model complies with the new joint ARM-ParthusCeva DSP interface specification. The Teak model allows ParthusCeva's licensees to fully model systems incorporating Teak and ARM cores in MaxSim.

About AXYS Design Automation, Inc.

AXYS® Design Automation, Inc. is a provider of fast, accurate, and integrated processor and SoC (System-on-Chip) C/C++ modeling and simulation solutions for the development of high software content SoC devices. The use of AXYS Design's tool suites in the pre silicon phase substantially shortens the SoC design cycle by enabling early system integration and embedded software development, thus reducing NRE cost and time to market. The MaxSim™ Developer Suite enables modeling and verification of multi-core SoC designs. The MaxCore® Developer Suite is a toolset for the automatic generation of processor models and software development tools. MaxLib® is AXYS Design's growing library of models for popular SoC components. For more information, visit the AXYS Design web site at http://www.axysdesign.com.

About ParthusCeva

Further information about ParthusCeva

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AXYS, MaxCore and MaxLib are registered trademarks and MaxSim is a trademark of AXYS Design Automation, Inc. Teak is a registered trademark of ParthusCeva, Inc., XpertTeak and SmartCores are trademarks of ParthusCeva, Inc. All other company or product names are the registered trademarks or trademarks of their respective owners.

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ParthusCeva Safe Harbor Statement

ParthusCeva Safe Harbor Statement Various statements in this press release concerning ParthusCeva's future expectations, plans and prospects are "forward-looking statements", which are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including, without limitation, statements to the effect that the company or its management "believes", "expects", "anticipates", "plans" and similar expressions) should be considered forward-looking statements. These statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described, including the following:

• the industries in which we license our technology are experiencing a challenging period of slow growth that has negatively impacted and could continue to negatively impact our business and operating results;
• the markets in which we operate are highly competitive, and as a result we could experience a loss of sales, lower prices and lower revenue;
• our operating results fluctuate from quarter to quarter due to a variety of factors including our lengthy sales cycle, and are not a meaningful indicator for future performance
• we rely significantly on revenue derived from a limited number of licensees; and
• other risks discussed in "Management's Discussion and Analysis of Financial Condition and Results of Operations--Factors that Could Affect Our Operating Results," in our quarterly report on Form 10-Q for the first quarter of 2003, filed with the U.S. Securities and Exchange Commission on May 14, 2003.