CoWare Appoints Allen Spence Vice-President Worldwide Services

SAN JOSE, Calif.—September 26, 2006—CoWare, Inc., the leading supplier of platform-driven electronic system-level (ESL) design software and services, announced that Allen Spence has joined the company as vice-president of worldwide services, reporting to CoWare president and CEO, Alan Naumann.

“CoWare’s consulting services team is uniquely positioned to provide the expertise needed to assist the world’s most successful electronics companies adopt ESL design methodologies,” said Naumann. “I know that Allen, with over 25 years of consulting services knowledge and experience, can provide the leadership that will enable our team to uniquely understand and provide the support and services that companies need in their transition to ESL design.”

“The electronics industry is faced with enormous challenges and opportunities,” said Spence. “Understanding the huge economic benefits that companies experience with a well-implemented ESL design process, I have no doubt that CoWare and the CoWare services team can contribute a great deal of value to our customers.”

In his new position, Spence will manage CoWare’s worldwide professional services team as well as CoWare’s key strategic service partners.

About Allen Spence
With more than 25 years experience in consulting services at Cadence Design Systems, Andersen Consulting, and in private practice, Spence is known for driving sales and successful marketing strategies, and for developing sound business practices and processes that increase revenues and profit margins. His experience in many industries gives him a thorough understanding of the fundamental factors required for businesses to perform with excellence. Spence holds a B.A. and an M.B.A. in Corporate Finance from the University of Missouri.

About CoWare
CoWare is the leading supplier of system-level electronic design automation (EDA) software tools and services. CoWare offers a comprehensive set of electronic system-level (ESL) tools that enable SoC developers to "differentiate by design" through the creation of system-IP including embedded processors, on-chip buses, and DSP algorithms; the architecture of optimized SoC platforms; hardware/software co-design and virtual platforms for device software development. The company's solutions are based on open industry standards including SystemC. CoWare's customers are major systems, semiconductor, and IP companies in the market where consumer electronics, computing, and communications converge. CoWare's corporate investors include ARM [(LSE:ARM);(Nasdaq: ARMHY)], Cadence Design Systems (Nasdaq:CDNS), STMicroelectronics (NYSE:STM), and Sony Corporation (NYSE:SNE). CoWare is headquartered in San Jose, Calif., and has offices around the world. For more information about CoWare and its products and services, visit http://www.coware.com.