Open-Silicon Selected as Finalist for Red Herring's Top 100 Innovators Award

Sunnyvale, Calif. — November 17, 2004—Reinforcing its leadership role, Open-Silicon, Inc., a fabless ASIC company that provides a predictable, reliable and cost-effective alternative to traditional chip design and supply chain models, today announced that the Red Herring has selected Open-Silicon as a finalist for the Red Herring Top 100 Innovators Award Program.The Red Herring editorial team rigorously evaluates companies for the following seven categories: Technology, Financing, Marketing, Sales, Service, Leadership, and Business Strategy.

“It is a honor to be selected for the shortlist from more than 1,200 entrants. We believe this is an indicator of our strength as an innovator both in our ASIC technology and our business model,” said Scott Houghton, VP of Marketing at Open-Silicon.

The Red Herring list of the technology Top 100 Innovators is the industry's definitive list of technology companies impacting the marketplace; it rewards companies that have achieved breakthroughs and demonstrate leadership. The Red Herring Top 100 Innovators will be made public at the Red Herring Fall 2004 Conference in Monterey, California, Dec. 6-8, 2004.

About Open Silicon, Inc.
Open-Silicon, Inc. is a fabless ASIC company delivering the most cost-effective, predictable and reliable custom ASIC solution to electronics product customers worldwide. Open-Silicon’s OpenMODEL™ is the semiconductor industry's first end-to-end custom ASIC solution based on a revolutionary business model that provides a seamless, low-cost, low risk alternative to traditional models for complex ASIC design and development.

The OpenMODEL is an ASIC development process that combines Open-Silicon’s extensive design and product engineering expertise with customer-driven supply chain implementation. Unlike traditional ASIC vendor models that do not permit customers to make supply chain decisions, the OpenMODEL allows customers to make informed choices that lower cost and reduce risk at each step of the ASIC implementation process. The OpenMODEL process begins with a systematic cost analysis that optimizes expenditures at each step in the supply chain. Customers can then choose from Open-Silicon’s broad portfolio of qualified semiconductor intellectual property and extensive strategic partnerships with the world’s leading manufacturing, test, and packaging providers. Open-Silicon’s disciplined design methodology is then applied to produce reliable, predictable ASICs at significantly lower cost. For more information, visit Open-Silicon’s website at www.open-silicon.com.