Celestry Appoints Industry Veterans as Execs

SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 23, 2002--Celestry Design Technologies, Inc., the leading provider of Silicon Accurate Sign-off(TM) technology for the semiconductor and electronics industry, today announced the appointment of Joseph M. Zaelit as executive vice president and chief financial officer (CFO), and James M. Cantele as vice president, North American and European Sales.

Both executives report to Dr. Zhihong Liu, president and CEO.

"To address the growing interest in our physical analysis software and services throughout the world, we are strengthening our executive team with experienced individuals that can manage our growth," stated Dr. Liu. "The rich experiences brought by the new executive members will prepare Celestry for the next level of growth and success in business."

"I joined Celestry because of its technology and leadership position in the physical design market. The continued worldwide demand for our silicon sign-off products and services is the foundation for moving to the next level, and I look forward to being part of the team that makes this possible," added Joe Zaelit.

Joe Zaelit is responsible for Celestry's financial, HR, legal and administrative matters. He was most recently the CFO of GRIC Communications (Nasdaq: GRIC), where he helped lead the company through its successful IPO process. Prior to this, he was CFO of VeriFone for five years after spending twenty years in a number of senior financial positions at Hewlett-Packard (NYSE: HPQ). He holds a BS degree in accounting and MBA from the University of Utah, and is a certified public accountant.

Before joining Celestry, Jim Cantele was vice president, Worldwide Sales, at Oridus (Fremont, Calif.), held various management positions at Cadence Design Systems (NYSE: CDN) and was responsible for the IC Technology Centers at Mentor Graphics Corporation (Nasdaq: MENT). He holds a BS degree in Electrical and Electronic Engineering from CSU Sacramento, and an MS degree in Math and Computer Science from San Jose State.

About Celestry

Celestry is the leading provider of physical design products that enable integrated circuit designers to achieve optimal performance from semiconductor process technologies. The Company offers software and services to electronic and semiconductor companies involved with the design of chips that are used in networking, communication, multimedia and computing products.

Celestry Design Technologies, Inc. is headquartered at 2560 Junction Avenue, San Jose, CA 95134, USA. For more information visit www.celestry.com, email Email Contact or call 408/451-1210.

Silicon Accurate Sign-off, Celestry and the Celestry logo are trademarks of Celestry Design Technologies, Inc. All other tradenames and trademarks are the property of their respective owners.


Contact:
     Celestry
     Eva Chen, 408/501-2376
     
Email Contact
     
www.celestry.com



Source: Celestry



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