3C Software Announces Agreement with Cypress Semiconductor

18 August 2000
Atlanta, Georgia

3C Software, providers of the enterprise cost management system, Impact:3C®, announced a software license and professional services agreement with San Jose, California based Cypress Semiconductor. Cypress will use Impact:3C® to calculate and report detailed product and process costs for its four manufacturing locations. These locations include San Jose, California; Round Rock, Texas; Bloomington, Minnesota; and Cavite, Philippines. Cypress Semiconductor joins AMD (Advanced Micro Devices), Anadigics, Analog Devices, and SDL, Inc as semiconductor manufacturers who have chosen Impact:3C® as their cost management system.

3C Software’s product, Impact:3C®, is designed to handle the complex needs of process intensive manufacturing industries like semiconductor, chemical, metals, pulp and paper, textile, glass, electronics and food processing. Complex issues such as process yield/loss, product obsolescence/down grade, multiple/alternate product routings, and engineering change effective dates, as well as typical cost accounting calculations like allocations, burden rates and process throughputs, are easily handled by Impact:3C®. Impact:3C’s flexibility, driven by its object-oriented design, allows each client to model their own unique manufacturing process and cost methodology. The modeling process does not involve source code change, so implementations are much faster and much less expensive than traditional software implementations. Impact:3C® models can also be replicated for use in forward looking and what if scenarios.

About Cypress Semiconductor
Cypress Semiconductor is a global supplier of high-performance integrated circuits with annual sales of over $700 million. Their strategic customers–leaders in the data communications, networking, telecommunications, and personal computer markets–include Alcatel, Cisco, Compaq, Ericsson, Hewlett-Packard, IBM, Intel, Lucent Technologies, Motorola, NEC, Nortel Networks, Seagate Technologies, and 3Com / US Robotics, some of which are also 3C Software customers.

About 3C Software
3C Software, developers of Impact:ECSâ„¢ and Impact:3C®, was founded in 1989 and is a leader in detailed cost management systems for process manufacturers. Headquartered in Atlanta, Georgia, 3C Software serves clients in several manufacturing industries including automotive, textile and apparel, pulp and paper, semiconductor, chemical and rubber, and food and beverage. 3C Software’s rapidly implemented solutions work with all accounting methods, are simple to maintain, and handle unlimited calculations and variables. For more information about 3C Software, visit www.3csoftware.com or call 800-226-2036.