Tiempo, IP Company with Breakthrough Ultra-Low Power Asynchronous Design Technology, Raises 5 Million Euros ($7 Million) in Series B Funding

GRENOBLE, France--(Business Wire)--
Regulatory News:

Tiempo, located in Montbonnot, France, today announced it has closed a 5 million
Euros Series B financing round with two new investors, Viveris Management and
Oddo Private Equity. Previous Series A investors, i.e. EmerTec Gestion,
Schneider Electric Ventures, INPG Entreprise SA and Alma Capital Finances, also
participated to this round.

Tiempo develops and markets core IPs, such as microcontroller and
crypto-processor cores, which are designed in an innovative asynchronous and
delay-insensitive technology. These cores have outstanding ultra-low power
characteristics (energy, current peaks and noise), can operate at ultra-low and
variable voltage levels, are very robust against PVT variations and highly
secured against hardware attacks. Targeted applications are ultra-low power
chips for embedded electronics and/or secured devices.

« Tiempo products and technology are the next breakthrough in the design of
low-power chips » said Djamel Chekroun, Investment Director at Viveris
Management. « The energetic performances of Tiempo latest microcontroller let us
foresee numerous business opportunities on the very dynamic market of green
electronics. »

Tiempo silicon-proven 16-bit microcontroller core (TAM16), released end of 2008,
consumes indeed down to 37 µA per MIPS when operating at 0.7 V (47 µA at 1.2 V),
including leakage current of used CMOS 130 nm general-purpose process. TAM16
just received the prestigious "Electron d`Or" award from the "Electronique"
magazine, in the "Intellectual Property" category.

« We have been convinced byTiempo strategy to market a portfolio of ultra-low
power IPs designed in a very innovative technology and simultaneously offer the
EDA tool that enables the easy adoption of this technology by any chip company »
said Laurent Dumas-Crouzillac, Investment Leader at Oddo Private Equity.

To allow its customers to easily adopt its innovative asynchronous design
technology, Tiempo developed the first asynchronous synthesis tool (ACC) that
uses a standard hardware description language. Indeed, ACC takes as input a
description written in the IEEE Standard 1800-2005 SystemVerilog language and
generates as output a Verilog gate-level netlist. This unique feature allows ACC
to be inserted in any industry-standard design flow.

« The completion of this second financing round is an important milestone in
Tiempo roadmap as it allows the company to complete its product development plan
- IPs and synthesis tool - and to start the deployment of its sales and support
channels worldwide » said Serge Maginot, CEO of Tiempo.

Tiempo will demonstrate both ACC design flow and TAM16 performances on its booth
(#4104) at the 46th DAC Conference & Exhibition, July 27-30, 2009, in San
Francisco, California.

About Tiempo

Tiempo, located in Montbonnot, France, develops and commercializes core IPs for
the design of innovative integrated circuits that are ultra-low power, ultra-low
noise, ultra-low voltage, robust versus PVT variations and secured. Tiempo IP
portfolio includes ultra-low power and secured asynchronous cores of
microcontrollers, microprocessors and crypto-processors, and is supported by an
automated synthesis tool using standard input language. Targeted applications
are ultra-low power chips for embedded electronics and/or secured devices, e.g.
power management chips, sensor networks, metering devices, RFID, smartcards,
electronics for the automotive, medical devices, and mobiles for consumer
markets.

About Viveris Management

Viveris Management is a well-established third-party management company
specialized in Private Equity financing of unlisted SMEs. Launched in 2000, it
manages M€ 450 in assets with a current investment portfolio of 130 companies
and an investment team of 29 professionals. Viveris Management has developed an
expertise focused on financial innovation and asset diversification into market
niches such as Emerging Private Equity, Real Estate, and renewable energies.
Investments decisions target unlisted SMEs typically at early stage (minority
shares, first or second round of financing) and leading projects innovation to
be followed up all along their development. Venture Capital funds under
management currently account for M€ 192 in assets, 40 portfolio companies, and 4
to 6 new deals per year. They raised M€ 15 in assets in 2008.

About Oddo Private Equity

Oddo Private Equity is the Private Equity affiliate of Oddo & Cie that operates
two major business lines: Investment Banking and Asset Management. Oddo & Cie
has developed a Private Equity activity in 2006 with the aim to become a major
capital investment player in growth and venture capital investments. As of
today, the assets under management total 150M€. The team, composed of 6
professionals, has invested in fifteen companies, mostly family businesses, the
core of the Oddo Group's expertise.

Tiempo
Serge Maginot
Tel : +33 4 76 61 10 00
e-mail : serge.maginot@tiempo-ic.com
Web : www.tiempo-ic.com
or
Viveris Management
Djamel Chekroun
Tel : +33 4 91 29 41 50
e-mail : Djamal.CHEKROUN@cepac.caisse-epargne.fr
Web: www.viverismanagement.com
or
Oddo Private Equity
Laurent Dumas-Crouzillac
Tel: +33 1 44 51 82 72
e-mail: ldumascrouzillac@oddo.fr
Web: www.oddoam.fr

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