Calabasas Hills, California - May 7, 2002 - Silicon Valley Bank (the "Bank"), a wholly owned subsidiary of Silicon Valley Bancshares, today announced it provided Fulcrum Microsystems, Inc. with $2.0 million in additional financing to support the purchase of new equipment and other fixed assets.
Fulcrum Microsystems is a fabless semiconductor company that is pioneering a unique asynchronous VLSI design style to deliver large-scale clockless chips for applications in wire line communications. The company's clockless innovation offers significant advancements in performance, power, and design time over traditional synchronous ASIC solutions.
"We view the additional financing as a vote of confidence for our business strategy and in the promise of our revolutionary clockless chip technology," stated Bob Nunn, CEO of Fulcrum Microsystems. "Success requires teamwork, and we're delighted to have business partners like Silicon Valley Bank on our team."
"Fulcrum is clearly a leader in the exciting area of clockless system-on-a-chip designs," said Mark Breneman, senior relationship manager at Silicon Valley Bank's Los Angeles office. "We are pleased to continue to support the company's development strategy with this financing."
About Fulcrum Microsystems, Inc.Fulcrum Microsystems is a fabless semiconductor company that is pioneering a new VLSI design style to deliver devices that offer unparalleled performance for applications in wire line communications. The company's patented Delay-Insensitive design methodology renders clockless System-on-a-Chip solutions that offer significant advantages in power, performance, and time to market over chips designed in traditional synchronous VLSI design methodologies.Founded in January 2000, the privately-held company is funded by three leading venture capital firms, Infinity Capital, New Enterprise Associates, and Worldview Technology Partners.For more information about Fulcrum Microsystems and its product plans, please call 818.871.8100 or visit our web site at:
http://www.fulcrummicro.com.
About Silicon Valley BankSilicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries in which it can provide a higher level of service and better manage credit through specialization and focus.
Silicon Valley Bank operates throughout the Silicon Valley: Fremont, Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; West Palm Beach, Florida; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington. More information on the Bank can be found at
http://www.svb.com.
Contacts:Fulcrum Microsystems, Mike Zeile, 818.871.8164,
amzeile@fulcrummicro.comSilicon Valley Bank, Mark Breneman, 310.234.3555,
mbrenema@svbank.com