Recore Systems receives the Van den Kroonenberg Prize 2010

Enschede, The Netherlands, 29 April 2010 – Recore Systems has received the Van den Kroonenberg Prize for young entrepreneurship. The award is presented annually to innovative entrepreneurs at the close of the University of Twente Innovation Lecture.

The prize was awarded to Recore’s founders: Paul Heysters, Lodewijk Smit and Gerard Rauwerda. The company was founded as a spin-off of the University of Twente in 2005. Since then, the company has been growing healthily and developed innovative products based on scientific knowledge. Recore Systems’ products enable highly efficient reconfigurable multi-core systems for applications such as broadcasting, multimedia, wireless telecommunication and digital beamforming. The company will soon release a chip for receiving digital radio and TV, which targets consumer electronics such as portable media players and smart phones.

Recore Systems and the University of Twente continue to tackle advanced research challenges in several joint projects. In the CRISP project, a Europe-wide consortium is using Recore’s new Xentium® technology to demonstrate a highly scalable, reconfigurable system concept for use in a wide range of applications (for more information see www.crisp-project.eu).

About Recore Systems

Recore Systems is a fabless semiconductor company based in Enschede, The Netherlands, that develops advanced digital signal processing platform chips and licenses reconfigurable semiconductor IP. Recore's technology enables ultra energy-efficient digital signal processing in products such as cell phones, digital radios/TVs and infotainment/navigation systems.

The company is specialized in reconfigurable multi-core designs that allow instant adaptation to new situations and offer a unique combination of flexibility, high performance, low power and low cost. Scalability of the technology allows use in both consumer and high-end applications.

Recore's reconfigurable technology comprises innovative processor cores, design tools for easy integration in customer solutions and ready-to-use applications. Besides reconfigurable hardware solutions, Recore provides accompanying IDE tools, software libraries and application engineering services.

More information about Recore Systems can be found on the web site: www.recoresystems.com.

About the Van den Kroonenberg Prize

The Van den Kroonenberg Prize is awarded to an entrepreneur with an innovative product or progressive business model, who maintains a close association with the University of Twente. The annual prize, which is being awarded this year for the 27th time, is named after the former Rector of the UT Harry van den Kroonenberg.