Press Release
The Virtual Component Exchange Joins Open Core Protocol International Partnership
VCX Gateway now live on OCP-IP Web site
PORTLAND, ORE. and LIVINGSTON, SCOTLAND — August 12, 2002 — Open Core Protocol International Partnership (OCP-IP) and the Virtual Component Exchange (VCX) today jointly announced that the VCX has joined the organization. In addition, OCP-IP is now a VCX Gateway Partner: the VCX TradeFloor can now be accessed directly from the OCP-IP Web site through a VCX Gateway search engine.
“The VCX is focused on producing software tools and services that simplify the trading of Intellectual Property to close the design gap and reduce time-to-market for SOC products,” said Andy Travers, president of the VCX. “We are proud to support and champion industry standards that can ensure interoperability of the third party IP cores traded on the VCX.”
“We are delighted to have the VCX join OCP-IP,” said Ian Mackintosh, president OCP-IP. “As the provider of the only complete, fully supported, and freely available SoC design socket, OCP-IP supports the open trading of IP cores made possible through the VCX.
About VCX
The Virtual Component Exchange is a unique Business-to-Business (B2B) software and E-commerce company focused on producing Internet tools for trading Intellectual Property. It has already delivered the world’s only regulated online exchange for trading Semiconductor Intellectual Property (SIP): the VCX TradeFloor. Powered by VCX TransactionWare™, the TradeFloor tools link the Engineering, Procurement and Legal functions of both Buyers and Sellers with a common toolset and language. Alignment of data evaluation, access and contracting protocols between Buyers and Sellers, using industry standards, dramatically accelerates the speed of SIP transactions, fulfilling the common business imperative of getting more products to market in shorter time cycles. Distributed Internet access to the VCX TradeFloor is provided through the VCX Gateway - distributing VC data and transaction agents to the web-based market, extending the reach and value for Buyers and Sellers alike. To find out more about the VCX TradeFloor, or to access the VCX market channel, visit the web site at www.thevcx.com.
About OCP-IP
The OCP International Partnership Association, Inc. (OCP-IP) was formed in December 2001 to promote and support the open core protocol (OCP) as the complete socket standard that ensures rapid creation and integration of interoperable virtual components. In addition to Sonics, Inc., the inventor of the OCP technology, OCP-IP's founding members and initial Governing Steering Committee participants are: Nokia [NYSE: NOK], Texas Instruments [NYSE: TXN], MIPS Technologies [NasdaqNM: MIPS], and United Microelectronics Corporation [NYSE: UMC]. OCP-IP is a non-profit corporation focused on delivering the first fully supported, openly licensed core-centric protocol that comprehensively fulfills system-level integration requirements. The OCP facilitates IP core reusability and reduces design time and risk, along with manufacturing costs for SOC designs.
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