LTRIM Technologies welcomes Japan's leading IP Representative - Spinnaker Systems

Kanagawa, Japan & Montreal, Québec - February 24, 2004 - LTRIM Technologies, an innovative leader in CMOS analog virtual components and Laser Fine Tuning technologies, announced today it has partnered with Spinnaker Systems, a leading semiconductor IP and EDA distributor in Japan.

"We are very pleased that we became the distributor of LTRIM in Japan. LTRIM power-related analog IP extends our IP product line-up, and moreover, LTRIM Laser Trimming technology is unique, patented, and beneficial for Japanese SoC manufacturers and discrete analog chip manufacturers. It will be a key advance in CMOS technology to have a very stable, and accurate voltage supply for SoCs," said Mr. Kazuo Fukushima, President of Spinnaker Systems, Inc.

"Spinnaker Systems is the leading IP distributor in Japan," said Mike Shamshirian, Sr. Dir. of Sales at LTRIM "Today's partnership agreement will benefit our mutual customers by providing local sales and technical support."

LTRIM's sales partnership program is aimed at increasing LTRIM's sales and distribution channels through out the world. Under this program, Spinnaker Systems will represent LTRIM Technologies sales channel in Japan, introducing LTRIM's high performance analog IP and Laser Fine Tuning technology.

About Spinnaker Systems
Founded in 1995, Spinnaker Systems Inc. has marketed many EDA tools and semiconductor Intellectual Properties (SIP) in Japan and has vast experience in the sales and support of various EDAs and IPs. Since 2000, Spinnaker has been 100% subsidiary of PALTEK Corp. (JASDAQ: 7587), one of major distributors of ALTERA PLD/FPGA. Spinnaker Systems is based at Shin-Yokohama Square Bldg., Shin-Yokohama, Kouhoku-ku, Yokohama-shi, Kanagawa, Japan. For more information, see the website: www.spinnaker.co.jp.

About LTRIM
LTRIM Technologies is a provider of high-end, high-performance power management CMOS analog virtual component solutions, which can be easily integrated into CMOS Mixed Signal SoCs and Analog chips. In addition, LTRIM Technologies has created and patented a new Laser Fine Tuning technology for standard silicon diffused resistors. More information on LTRIM's products and services can be found at www.ltrim.com.