Cadence Announces Availability of Industry-First Bluetooth 5 Verification IP

SAN JOSE, Calif., Jan. 9, 2017 /PRNewswire/ -- Cadence Design Systems, Inc. (NASDAQ: CDNS) today announced the immediate availability of its Cadence^® Verification IP (VIP) for Bluetooth^® 5, the industry's first VIP for the latest version of Bluetooth technology. Bluetooth 5 increases data broadcasting capacity by 800 percent, quadruples the range and doubles the connection speed of low-energy devices to deliver seamless, short-range mobile connectivity.

Cadence also strengthened its IP portfolio with the addition of VIP for Bluetooth 4.2 and the Cadence TripleCheck™ productivity tool for Bluetooth 5. For more information on Cadence's VIP portfolio for Bluetooth, visit www.cadence.com/go/bluetooth5.

The new Cadence VIP for Bluetooth 5 offers the industry's first independent pre-silicon verification of the Bluetooth 5 standard. Cadence VIP supports any major language, simulator or methodology, so customers can easily employ the VIP without changing their verification environment. With the TripleCheck tool for Bluetooth 5, customers get an independent, comprehensive verification plan, test suite and coverage, which allow them to improve verification efficiency and get to market more quickly.

"The primary purpose of the Bluetooth Special Interest Group is to advance and promote adoption of Bluetooth technology through collaboration and interoperability, and Cadence is contributing to that mission," said Marriot Winquist, vice president, member development and services at Bluetooth SIG. "By providing additional resources for improved interoperability, Cadence is contributing to our core mission of developing the technical innovations necessary to make next-level IoT products possible."

"With this release of verification IP for Bluetooth 5, Cadence is helping to proliferate Bluetooth technology and demonstrating its commitment to support customers developing products with this key protocol," said Michael Hurlston, senior vice president and general manager of the Mobile Connectivity Products Division at Broadcom Limited. "Broadcom has been a leader in the Bluetooth market for more than 15 years, and we continue to invest in mobile wireless technology to grow our market position. With Cadence VIP for Bluetooth 5, engineers can focus on designing complex SoCs and delivering more value to end customers."

According to Patrick Connolly, principal analyst at ABI Research, more than 371 million Bluetooth-enabled beacons are projected to ship by 2020. In addition, ABI Research projects that Bluetooth will be in more than one-third of all installed IoT devices by 2020.

"Cadence is a pioneer and industry leader in VIP. We continue to invest in new protocols proactively so our customers can deliver leading-edge products to the market more quickly and with higher confidence," said Dino Bekis, vice president of marketing for the IP Group at Cadence. "Bluetooth 5 addresses emerging needs in the mobile, consumer and IoT market segments. With the first commercially available Cadence VIP for Bluetooth 5, designers can devote their energy to developing SoCs that leverage the potential of the latest Bluetooth technology, rather than worrying about protocol compliance."

In addition to offering a comprehensive suite of VIP, Cadence supports many leading customers who develop mobile and IoT devices with IP that includes Tensilica processors for vision, audio and communications as well as low-power DDR and SerDes interfaces.

About Cadence

Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers and research facilities around the world to serve the global electronics industry. More information about the company, its products and its services is available at www.cadence.com.

This press release contains certain forward-looking statements that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include, among others, the risks detailed from time-to-time in our U.S. Securities and Exchange Commission filings and reports, including, but not limited to, our most recent quarterly report on Form 10-Q and our annual report on Form 10-K. We do not intend to update the information contained in this press release.

© 2017 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective holders.

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SOURCE Cadence Design Systems, Inc.

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