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November 14, 2016

Inomize and Verisense to Merge

Inomize and Verisense to Merge

Creates a worldwide ASIC leader uniquely positioned with deep expertise across all
aspects of ASIC solutions

Jerusalem, Israel – 14 November, 2016 - Inomize and Verisense today announced that they
are at the final stages of entering into a definitive equity merger agreement under which
Inomize and Verisense, both Israeli-based ASIC Design Houses will create a leading
worldwide company providing ASIC, FPGA, and system design services to a broad base of
customers.


The merged company will be called Inomize while keeping Verisense brand name as an
independent business unit, and will continue to operate two design centers in Jerusalem and
Netanya.


"The combination of Inomize and Verisense represents the next phase of our transformation
to become a leading worldwide ASIC Design company," stated Udi Shaked, Chairman and
Chief Executive Officer, Inomize. “With its great team, its broad customer base in systems
and semiconductors, and its unique solution for DO-254, Verisense significantly broadens
the scope of our offering. Together, we expect significant growth and a further increase to
our headcount.”


“We have worked closely with Inomize for the last two years and have been very impressed
by their team and professionalism,” said Nir Weintroub, Chief Executive Officer, Verisense. “I
am confident that merging our companies will allow us to create something much larger
than just the sum of the two companies”.


About Inomize
Inomize is a professional Research & Development firm specializing in the design and
delivery of hardware solutions. Inomize successfully delivers ambitious products and
projects on time and on budget. Inomize gets the maximum out of the available technology
and, when necessary, push it to the limits using the latest advancements to meet customer’s
needs. With years of experience and a proactive management approach, Inomize reduces
development time and minimizes risks of complex hardware design projects.
Established in 2007, Inomize is a fast-growing company and includes among its customers
large international corporations and startup companies from Israel, Europe and North
America.


For more information, visit http://www.inomize.com/


About Verisense
Verisense, is an ASIC and FPGA design services company based in Israel. Verisense customers
range from the largest ASIC vendors in the world, through many of the top aerospace
companies, to early stage startups. Verisense has been involved in developments in the
fields of wireline and wireless communication, Telecommunications, cellular, CPUs, graphic
engines, imaging, aeronautical, space, RF, analog and mixed signal.

Verisense also have unique expertise in Safety applications development for the Avionics
industry (DO-254)


For more information, visit http://www.verisense.com/.


Press contact:
David Wolf
VP Business Development Inomize Ltd.
Phone: +972-72-277-5400
dudiw@inomize.com


Nir Weintroub
CEO Verisense Ltd.
Phone: +972-2-547-5500
nir@verisense.com