VaST Systems Technology Names Kyle A. Park as Chief Financial Officer

SUNNYVALE, Calif.—(BUSINESS WIRE)—Aug. 29, 2005— VaST Systems Technology Corporation, the embedded systems design automation company, today announced that Kyle A. Park has joined the company as Chief Financial Officer, responsible for human resources, investor relations, finance, accounting, operations, IT and all legal activities for the company.

"Kyle is an operational executive with experience in building and managing financial operations for startups and established high technology companies, which will serve us well going forward," said Alain Labat, VaST's CEO and president. "I am familiar with his work from our time together at Tera Systems and he is also well known by Mike Schuh, general partner of Foundation Capital, which recently lead our C round of funding. He is a great addition to our executive team as we expand VaST's worldwide presence."

Park has over 15 years of experience in executive and financial management with companies in the electronics and electronic design automation industries. Prior to joining VaST, he held positions as CFO of Tera Systems, ReShape, Jasper Design Automation and etNetworks. He has also held executive management positions at three public companies: Niku (NIKU), Synplicity (SYNP) and Synopsys (SNPS).

Park received his baccalaureate in finance from Cal Poly, San Luis Obispo, and his MBA, with a concentration in international finance, from the Santa Clara University, Leavey School of Business. He has also served, since 1996, on the Board of the Los Gatos-Saratoga Department of Community Education and Recreation where he is currently Chairman.

"As VaST's sales and international presence expand, this is the perfect time to set up a solid financial and operational foundation," said Park. "I'm very excited about the impact VaST's technology is having on the embedded systems market and it is great being part of such an experienced and talented team."

About VaST

VaST Systems Technology Corporation provides tools and models for embedded system design automation. VaST's solutions enable architectural exploration and optimization, allowing users to create a virtual system prototype in software that becomes the golden reference model for the true concurrent development of hardware and software. VaST's solutions deliver both high speed and cycle accuracy under actual real-time software loads. VaST's products dramatically improve time to market and quality, and reduce development costs and risk.

Current customers include worldwide leaders in semiconductors, automotive electronics, wireless devices, and consumer electronics. VaST is headquartered in Sunnyvale, California, with sales and support offices worldwide. For more information, visit www.vastsystems.com.

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