Pyxis Technology Expands Executive Team; Adds Industry Veterans

DFM routing company hires vice presidents of engineering and sales

SANTA CLARA, Calif., September 20, 2006 -- Pyxis Technology, the DFM (design for manufacturability) routing company, announced today the addition of Joe Hutt and John Ennis to the company’s executive team. Hutt, vice president of engineering, and Ennis, vice president of sales, will be reporting to CEO Naeem Zafar.

"I see an inflection point coming that is going to completely change physical design, and I believe that Pyxis is uniquely positioned to take advantage of this opportunity," said Joe Hutt. "I’ve been an investor and a member of the Pyxis board for some time now; it was the caliber of Pyxis’ team and the technology that compelled me to engage on a full time basis."

Hutt has over 25 years experience building R&D teams for some of the most successful companies in the electronic design automation (EDA) industry. Most recently, he served as vice president of technical sales for Magma Design Automation Inc. (Nasdaq: LAVA), after a threeyear tenure as vice president of engineering. While at Magma, he built a fully integrated design environment for a worldwide R&D team of over 60 engineers.

Prior to Magma, Hutt was in charge of the Advanced Technology Group at Synopsys, Inc. (Nasdaq: SNPS), where he managed the Synopsys research organization. Before Synopsys, Hutt was the program director and senior project manager for VLSI Design systems at IBM. Hutt graduated with a Bachelor of Science degree in electrical engineering from Union College in New York in 1975.

"Having worked both in physical design and the DFM area, I knew the customer’s desire to merge the two technologies," said John Ennis. "Pyxis has the architecture and the building blocks in place to deliver the next generation router that can address yield and manufacturability issues during the physical design implementation."

Ennis, Pyxis’ new vice president of sales, is an EDA industry veteran with a unique perspective on what the market needs for DFM-aware routing systems. Ennis comes to Pyxis from a position as senior director of business development at Clear Shape Technologies, Inc. He has managed sales teams at Cadence Design Systems, Inc. (Nasdaq: CDNS) and held vice president of sales titles at Avant! Corp.; Anchor Semiconductor, Inc.; and Circuit Semantics Inc. Ennis holds a Bachelor of Science degree in electrical engineering (summa cum laude) from University of Trenton State.

P. T. Patel, Pyxis founder and CTO, added, "Manufacturing and yield issues are becoming design-dependent, and we are fortunate to add two world-class executives to our management team with backgrounds and experience in both the design and the manufacturing side of the industry."

About Pyxis
Pyxis Technology is creating software to address the problems that chip designers and foundries face in the physical design, layout, and routing of nanometer-scale integrated circuits (ICs) and systems on a chip (SoCs). The company is focused on DFM routing technology based on a new software architecture optimized for design for manufacturability, which reduces design closure cycle time while improving overall design yield. For more information, see www.pyxistech.com. Pyxis has offices in Santa Clara, California and Austin, Texas.