LogicVision Announces Board Change
SAN JOSE, Calif., Nov 07, 2005 -- LogicVision, Inc. (Nasdaq: LGVN), a leading provider of yield learning technology that enables its customers to quickly and efficiently improve product yields, today announced that Dr. Vinod K. Agarwal has resigned as chairman of the board.
Dr. Agarwal founded LogicVision in 1992 and was its president and CEO from 1992 to 2003. Prior to his time at LogicVision, he was a professor at McGill University in Canada, where he was appointed to the endowed Nortel/NSERC Industrial Research Chair Professorship. In addition, Dr. Agarwal has been a semiconductor test consultant to Nortel Networks, Hitachi, Ltd. and to the Eastman Kodak Company.
“Vinod has made countless contributions to the growth and success of LogicVision and we wish him well in his future pursuits,” said James T. Healy, president and CEO.
About LogicVision Inc.
LogicVision (NASDAQ: LGVN) provides proprietary technologies for embedded test that enable the more efficient design and manufacture of complex semiconductors. LogicVision’s embedded test solution allows integrated circuit designers to embed into a semiconductor design test functionality that can be used during semiconductor production and throughout the useful life of the chip. For more information on the company and its products, please visit the LogicVision website at www.logicvision.com.
FORWARD LOOKING STATEMENTS:
Except for the historical information contained herein, the matters set forth in this press release, including statements as to the features and benefits of the company’s products and technology, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, including, but not limited to, the impact of competitive products and alternative technological advances, and other risks detailed in LogicVision’s Form 10-K for the year ended Dec. 31, 2004, Form 10-Q for the quarter ended June 30, 2005 and from time to time in LogicVision’s SEC reports. These forward- looking statements speak only as of the date hereof. LogicVision disclaims any obligation to update these forward-looking statements.
LogicVision, Embedded Test, LogicVision Ready and LogicVision logos are trademarks or registered trademarks of LogicVision Inc. in the United States and other countries. All other trademarks and service marks are the property of their respective owners.
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