SOURCE: CADENCE DESIGN SYSTEMS, INC.

February 21, 2008 11:00 ET

Cadence Stars & Strikes Fundraiser Benefits Children With Autism

Renowned May Institute and Silicon Valley Children's Hospital Foundation to Establish Pediatric Specialty Center at Good Sam's Mission Oaks Campus

SAN JOSE, CA--(Marketwire - February 21, 2008) - San Jose is a big step closer to having a pediatric center dedicated to diagnosing and treating autism and other serious developmental disabilities.

Cadence Design Systems (NASDAQ: CDNS) announced the selection of May Institute as the beneficiary of its annual Stars & Strikes® bowling fundraiser, with money raised earmarked for the creation of a pediatric specialty center at Good Samaritan Hospital's Mission Oaks campus. San Jose Mayor Chuck Reed, Congresswoman Zoe Lofgren and Gold Medalist Brandi Chastain, who is on the board of the Silicon Valley Children's Hospital Foundation, are among the community leaders slated to be on hand at a news conference today to discuss the center, the result of a unique partnership between May Institute, the foundation and Good Samaritan Hospital. Organizers hope to open the center by the end of 2008.

The number of children diagnosed with autism is on the rise. As many as one in 150 children have an autism spectrum disorder. Effective treatments are available, and diagnosis and intervention services are critical to a child's long-term success.

May Institute, a nationally recognized nonprofit organization serving children with autism and other developmental disabilities, will work closely with the Silicon Valley Children's Hospital Foundation to develop the center.

"We are committed to bringing critical autism-related resources directly to communities that need them," said May Institute President and CEO Walter P. Christian, Ph.D., ABPP. "As an organization already invested in serving families in California, May Institute is delighted at the opportunity to develop this much-needed center. The generosity of Cadence Design Systems will accelerate this effort to meet the pressing needs of families impacted by autism in the Silicon Valley community."

"The Silicon Valley Children's Hospital Foundation is interested in expanding local healthcare resources for the children of Silicon Valley, right here where they live and learn. As resource-rich as the Valley can be, many families have great difficulty finding an appropriate place for their children to be evaluated and, if necessary, receive the early intervention that can chart a path to success for each child," said Kathleen King, SVCHF chair. "That's why we're so excited about this opportunity with May Institute."

Good Samaritan Hospital is contributing space at its Mission Oaks campus and in-kind operational support for the center. CEO Bill Piché said, "We are fortunate to have a convenient location and strong concentration of pediatric subspecialists in the neighborhood so parents can put together a network of professionals to support the health of the whole child -- emotional, intellectual and physical."

"The need for a pediatric specialty center like this in Santa Clara County is great, and the positive impact it can have on the lives of children with these types of developmental disabilities is even greater," said Cadence CEO Mike Fister. "We at Cadence welcome the opportunity to join with other area companies to raise the money needed to make this center a reality for the many children and families who will use its services."

Cadence's 2008 Stars & Strikes fundraising event is slated for May 17, 2008. Since 1990, Cadence employees, and corporate and community partners have raised more than $10 million to support Silicon Valley nonprofit organizations meeting critical community needs, including the Fisher House Foundation, Children's Discovery Museum, the San Jose Conservation Corps, InnVision and the Bill Wilson Center to name a few.

Community Leaders Speak

About Cadence

Cadence enables global electronic-design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software and hardware, methodologies, and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. Cadence reported 2007 revenues of approximately $1.6 billion, and has approximately 5,300 employees. The company is headquartered in San Jose, Calif., with sales offices, design centers, and research facilities around the world to serve the global electronics industry. More information about the company, its products, and services is available at www.cadence.com.

About May Institute

For more than 50 years, May Institute has been a leader in providing behavioral healthcare services for children and adults with autism spectrum disorders and other developmental disabilities, brain injury, mental illness, and behavioral healthcare needs. Guided by a Professional Advisory Board that includes leading experts in behavioral psychology, the Institute is supported by the expertise of more than 40 licensed and credentialed doctoral-level professionals who are joined by over 60 Board Certified Behavior Analysts (BCBA) and Board Certified Associate Behavior Analysts (BCABA). May Institute serves over 25,000 individuals and families every year at more than 200 service locations throughout the country.

May Institute operates several nonpublic schools for children with autism and other developmental disabilities, including The Bay School in Santa Cruz, which is dedicated to providing education and intervention services to students and their families. Founded in 1998, The Bay School serves students between birth and age 21. For more information about May Institute, go to www.mayinstitute.org.

About Silicon Valley Children's Hospital Foundation

The Silicon Valley Children's Hospital Foundation (SVCHF) was created to address the fragmentation of pediatric healthcare services in San Jose. With initial seed money from Applied Materials and other individual supporters, SVCHF now includes a wide range of concerned community leaders and more than 100 pediatricians and pediatric sub-specialists from South Bay areas including Gilroy, Morgan Hill, Saratoga, Los Gatos and San José who seek to improve access to pediatric healthcare services. For more information about SVCHF, go to www.svch.org.

About Good Samaritan Hospital

Good Samaritan Hospital is recognized for acute and tertiary services, including cardiology, cardiovascular surgery, oncology, obstetrics and gynecology, Level III Neonatal Intensive Care Unit, behavioral health and specialized surgery. Good Sam was one of the first five hospitals in the country certified by the Joint Commission as a Primary Stroke Center. The hospital received the Outstanding Achievement Award from the American College of Surgeons Commission on Cancer. More information about the hospital is available at www.goodsamsanjose.com.

Cadence is a registered trademark, and the Cadence logo is a trademark, of Cadence in the United States and other countries. All other trademarks are the property of their respective owners.

Contact Information

  • For additional information contact:

    Cadence:
    Nancy Szymanski
    415-420-5008

    May Institute:
    Julia Burgess
    781-437-1348

    SVCHF:
    Shari Boxer Baker
    408-888-5449
    408-294-2712

    Good Sam:
    Leslie Kelsay
    408-559-2407
    408-468-7029