PolySpace Signs new Distribution Agreements in Korea and Israel

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PolySpace Technologies, the worldwide leader in the static verification of embedded software, announced today that it has signed two new distribution agreements in Israel and Korea. PolySpace products will be distributed in Korea through MDS Technology Co. Ltd. and in Israel through ITEC Ltd. The partnerships cover software licensing, bug detection services with PolySpace products, and training.

PolySpace Technologies, the worldwide leader in the static verification of embedded software, announced today that it has signed two new distribution agreements in Israel and Korea. PolySpace products will be distributed in Korea through MDS Technology Co. Ltd. and in Israel through ITEC Ltd. The partnerships cover software licensing, bug detection services with PolySpace products, and training.

These agreements come in response to a rising demand for PolySpace bug detection tools in Korea and Israel. Both markets look very promising for PolySpace products, which have already been evaluated by some major local companies in the fields of Aerospace, Defense and Automotive industry. MDS Technology and ITEC will offer PolySpace products and services to their large customer base in embedded software.

Sangheon Lee, managing director of Development Tool division at MDS Technology, said, "MDS Technology is constantly adding new and improved technology to its portfolio, following the trends and demand of embedded software development organizations. The partnership with PolySpace allows us to offer the most innovative software testing tools based on Static Verification techniques to our customers. I am convinced this will provide embedded system engineers with an improved development environment, thus contributing to the development of the Korean embedded system industry."

“We are excited to have the opportunity to offer PolySpace products to our customers in Israel" says Mauri Gottlieb, General Manager of ITEC. "We have a significant customer base of Aerospace, Defense and Telecommunications performing critical embedded software applications who will greatly benefit from PolySpace powerful capabilities to automatically locate run-time errors in source code. We feel confident that PolySpace offer will be well received by the Israeli market."

"PolySpace selected MDS Technology and ITEC because of their proven track records in the embedded systems industry, as well as their extensive technical capabilities to service this demanding market," said Daniel Pilaud, President of PolySpace Technologies. "They are the ideal partners to support our expanding business worldwide. Indirect sales have indeed become an important part of our international development strategy. We plan on continuing to develop such partnerships over the next several years."

About PolySpace Technologies

PolySpace Technologies empowers companies building embedded software applications with the world’s first and unique solution for the automatic detection of run-time errors at compile time. It streamlines white-box and other types of conventional software testing to deliver unparalleled cost and time savings while improving the reliability of software applications. PolySpace solutions are currently used by a premier roster of Fortune 500 companies located in North America, Europe and Asia, in such industries as Defense, Automotive, Aerospace, Consumer Electronics, Transports and Medical Devices.

For more information: http://www.polyspace.com

About MDS Technology

MDS Technology is a Korea's leading provider of development solutions for embedded systems and the vendor of Korea's first Real-Time operating system, Velos. The company is specialized in distribution of development solutions for embedded systems, customer training & educating and customer support in embedded design. MDS is currently offering various products and services related to embedded system, including Compilers, J-TAG debuggers and automated S/W test tool for mobile and general embedded system, etc.

For more information: http://www.mdstec.com (in Korean)

About ITEC

Itec Ltd has a sales, support and service record of over 20 years, and is acknowledged in Israel as a leading supplier of advanced solutions for 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.

For more information: http://www.itec.co.il

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Steve Barriault