Open House for Community Leaders, Engineering Students, and University Personnel
Toronto, Canada and San Jose, Calif., October 12, 2000--Altera Corporation (Nasdaq: ALTR), a leading supplier of programmable logic devices (PLDs), today announced the grand opening of the Toronto Technology Center. The Toronto Technology Center will operate in conjunction with Altera's worldwide R&D facilities to enable accelerated development of future software and device architectures for system-on-a-programmable-chip (SOPC) solutions. Research and development activities in this new facility will utilize the extensive amount of programmable logic knowledge and resources available from the University of Toronto's engineering program. Along with the grand opening, the Toronto Technology Center is sponsoring an open house for community leaders, engineering students, and university personnel, on October 16 from 4pm to 7pm at the center's new facility.
"The Toronto Technology Center will play a vital role in the development of next generation PLD architectures," said Dr. Jonathan Rose, Altera director of the Toronto Technology Center. "With the grand opening and open house of the Toronto Technology Center, we would like to demonstrate our technical abilities to the city's engineering and computer science community."
As a fabless semiconductor manufacturer with revenues of $836 million in 1999, Altera is a world leader in programmable logic devices, and the pioneer of SOPC solutions. With corporate headquarters in San Jose, California, it serves over 14,000 customers worldwide, focusing on communications, electronic data processing, and industrial applications. The company employs over 1800 people worldwide.
"Altera has had a strong relationship with the University of Toronto for a number of years," said Tim Southgate, Altera vice president of software engineering. "The formation of the Toronto Technology Center significantly enhances that relationship and adds to Altera's existing worldwide R&D resources by combining leading academia knowledge with Altera's industry experience to help develop next generation software and SOPC solutions."
Safe Harbor
This press release contains a "forward-looking statement" that is made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally preceded by words that imply a future state such as "expected" . Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty, including without limitation the risk that future performance is dependent on the successful conclusion of product development schedules, market acceptance and market demand for the Company's products, as well as the company's development technology and manufacture capabilities. Please refer to the company's Securities and Exchange Commission filings, copies of which are available from the company without charge.
About Altera
Altera Corporation, The Programmable Solutions Company®, was founded in 1983 and is a leading supplier of programmable logic devices (PLDs). Altera's CMOS-based PLDs are user-programmable semiconductor chips that enhance flexibility and reduce time-to-market for companies in the communications, computer peripheral, and industrial markets. By using high performance devices, software development tools, and sophisticated intellectual property cores, system-on-a-programmable-chip (SOPC) solutions can be created with embedded processors, memory, and other complex logic together on a single PLD. Altera common stock is traded on The Nasdaq Stock Market under the symbol ALTR. More information on Altera is available on the Internet at http://www.altera.com.
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