LogicVision completes acquisition of SiVerion

November 9, 2004 – LogicVision Inc., a provider of embedded test and diagnostic solutions for semiconductors, today said that it has completed its acquisition of SiVerion Inc., an Arizona-based provider of parametric yield analysis solutions.

As previously announced, LogicVision issued approximately 2 million shares of its common stock and $2 million in cash at closing to SiVerion’s stockholders. In addition, LogicVision agreed to make a contingent future payment of up to $2 million if the per share price of LogicVision common stock is less than $3.00 on the two-year anniversary of the closing date.

The acquisition of SiVerion broadens LogicVision’s yield enhancement solutions.


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