Tel Aviv, Israel, November 30, 2006 — Target Compiler Technologies (www.retarget.com), the leader in EDA design tools for application-specific instruction-set processors (ASIPs), and ITEC, Israel’s reputed EDA distributor, are pleased to announce that they have signed an exclusive agency agreement for the Israeli market. This agreement is the next step in the strategy of Target to establish local representations in regions with a high concentration of semiconductor design centers, active in the development of advanced systems-on-chip and systems-in-FPGA.

Gert Goossens, CEO of Target commented: “We are convinced that Israel is a very important market for our products. Traditionally, Israel has been a cradle of advanced chip design activities. Today, the country is at the forefront of system-on-chip design, in which ASIPs are playing an increasingly prominent role. We have been looking for the right moment and the right partner to expand our activity in Israel. A local partner is necessary to provide the best possible support for the demanding projects of Israeli design teams. ITEC is the ideal partner, because of its knowledge of the market and its successful experience as an agent for system-level EDA tools.”

“The technology of Target to design, optimize, verify, integrate and program ASIP cores is the most advanced and complete flow I know in the world at this moment. Amongst Target’s customers are many of the leading semiconductor companies. We are convinced that with our local presence, Target will soon have the leading position in Israel in their field, as they have elsewhere in the world.” said Mauri Gottlieb, General Manager of ITEC.

Today, Target is also announcing that the company is expanding into North America, with the recruitment of Steve Cox, as its Vice President of Business Development for North America. To read the full news release about this expansion, visit www.retarget.com.

About Target Compiler Technologies

Target Compiler Technologies NV is the leading provider of retargetable software tools to accelerate the design, programming and verification of flexible processor cores, from embedded processors to programmable ASICs. Target’s Chess/Checkers tool suite has been applied by customers worldwide to design application-specific instruction-set processors (ASIPs) for diverse application domains, including GSM and WCDMA handsets, VoIP, audio coding, car infotainment, ADSL and VDSL modems, wireless LAN, hearing instruments, mobile image processing and various control and interfacing applications. Target is headquartered in Leuven, Belgium, and has distribution channels in different parts of the world. Target is a spin-off of IMEC. Visit Target on the web at www.retarget.com.

About ITEC

Itec Ltd has a sales, marketing and support record of over 20 years, and is acknowledged in Israel as a leading supplier of advanced solutions for EDA and embedded software application designers. Itec's customers base includes most of the major companies in Israel's advanced hi-tech industry as well as many start-up companies.

Contact information

Guido Breens Target Compiler Technologies Technologielaan 11-0002 B-3001 Leuven, Belgium		Phone: +32 16 40 81 14 Email: guido.breens@retarget.com
Mauri Gottlieb ITEC, Ltd. 5 Ha’arad Street, Ramat Hachayal Tel Aviv 61100, Israel		Phone: +972 3 649 1202 Email: mauri@itec.co.il