News

04/03/2010

Notice Regarding Tax Aspects of the Valor Merger Transaction
Notice Regarding to a Certain Tax Aspect of the Valor Computerized Systems Merger Transaction

Yavne, Israel – March 4, 2010 – Notice is hereby given that on March 4, 2010, Valor Computerized Systems [Prime Standard: VCR, WKN 928731], received a tax ruling from the Israeli Tax Authorities with regard to the Merger Transaction between Valor and VR Acquisition Ltd. (a company formed under the laws of the State of Israel and a wholly owned subsidiary of Mentor Graphics (Netherlands) BV, a corporation formed under the laws of the Netherlands which is a wholly owned subsidiary of Mentor Graphics Corporation, an Oregon, U.S.A. corporation) (the "Ruling") which, inter alia, enables Valor's shareholders to elect that the provisions of Section 104H of the Israeli Income Tax Ordinance (the "ITO") shall apply to the equity portion of the Merger Consideration they shall receive under the Merger Transaction, and which shall enable such electing shareholders to defer their obligation to pay tax under Israeli law and with regard to equity portion of the Merger Consideration they shall receive under the Merger Transaction in accordance with and subject to the terms and conditions of the ITO and the Ruling.

Any shareholder interested in applying Section104H to the equity portion of the Merger Consideration it shall receive under the Merger Transaction, must submit a request to the Israeli Tax Authority, department of Mergers and Spin-offs, as soon as possible (considering the fact that further action shall be required from such shareholder) and in any event by no later than March 18, 2010.

For further and more comprehensive information with this regard, please contact:

Valor Corporate
Mr. Alon Erlich
alon.erlich@valor.com
Tel: +972-(0)8-943-2430

Certain statements included herein are forward-looking in nature and, accordingly, are subject to risks and uncertainties. Such forward-looking statements include statements regarding the size and timing of the proposed offering. These forward-looking statements are only predictions based on our current expectations and projections about future events. Many factors, including those indicated in the press release, as well as general market conditions, could impact the realization of these forward-looking statements. Valor wishes to caution prospective investors not to rely on any such forward-looking statements as predictions of future events. Valor does not undertake, and specifically disclaims any obligation, to update any forward-looking statements, which speak only as of the date made.

04/02/2010

Resolution of Valor Shareholders Meeting
Resolution of Valor Shareholders Meeting

01/02/2010

Entrepreneurial Dutch Manufacturer Selects Valor’s Quality Management System

Valor Computerized Systems Ltd, the global provider of productivity improvement software across the printed circuit board design and manufacturing supply chain, has been selected for its vCheck Quality Management System by Nedap N.V, developers of security and electronic control units as well as automation, management and information systems for organisations in a wide variety of industry sectors.

Nedap N.V., headquartered in Groenlo, the Netherlands, purchased the award winning vCheck system as a major step to a possible implementation of Valor’s comprehensive new end-to-end software suite, DynamiX, a long awaited MES software solution that encompasses the entire production process from Lean management of materials, PCA assembly processes and test, full product assembly and test, through to the final packing of finished goods ready for shipment

vCheck is designed to function as a stand-alone application, or as part of a larger MES suite, and will enable Nedap N.V. to fully maximize quality and drive the manufacturing process to optimal performance by balancing quality, throughput and cost. Every aspect of quality testing and inspection is visible to any decision maker in real-time allowing immediate review and action if required. Valor’s Quality Management System fully integrates into each customer’s manufacturing and test environment, collecting data from test and repair stations including visual inspection stations, AOI, AXI, ATE, and functional test equipment.
All collected information is captured and consolidated into one centralized database that can be cross-linked into other data sources via built in APIs, facilitating the detection of problems and their causes. vCheck features alarms and Acceptable Quality Level (AQL) trigger points to help continuously reduce Defects Per Million Opportunities (DPMO) in the manufacturing process. In conjunction with the closed loop repair station capability featuring intelligent diagnostic guidance, the time used to analyze tests is significantly reduced and repairs are considerably streamlined.

“We have been looking at ways to develop a leaner manufacturing model to become more cost effective, to improve manufacturing efficiency and most importantly to optimize quality.” said Ton Scharenborg, general production manager from Nedap Inventi B.V. “After intensive market evaluation, we discovered Valor and their targeted range of software solutions. We felt that introducing a good Quality Management System would facilitate our goal to streamline our manufacturing capability. vCheck is very user friendly and the traceability, defect data collection and analysis tools have helped us to identify problems faster, resulting in fewer production slowdowns and faster turnarounds. It’s an initial step for us to implementing the full MES solution from Valor, called DynamiX, which we consider to be a best in class solution.”

Stephan Häfele, President of Valor Europe, comments, “We are very pleased to have Nedap N.V. as a new customer. As a pioneering company forging new ground in electronic and security control units, Nedap N.V. approached us to provide a solution that would help them advance manufacturing performance and quality. vCheck is a flexible and affordable solution that meets this requirement, addressing traceability, improved quality and efficiency. We will be pleased to help extend their manufacturing effectiveness further in the near future, by putting our DynamiX software suite into operation.”

For further information about vCheck, DynamiX and further solutions in Valor’s range, please visit www.valor.com

Press Contact:
Valor Computerized Systems, Europe
Luc Vranken
luc.vranken@valor.com
+32 475 70 2081

Editors Notes:
About Valor Computerized Systems, Europe
Valor Computerized Systems is a global provider of productivity improvement software across the printed circuit board manufacturing supply chain. The company’s software solutions simulate, optimize, monitor and control the PCB production lifecycle, enabling customers to manufacture PCBs for electronic products more efficiently, cost effectively and with better quality. Valor helps PCB layout designers test and validate the PCB design before it is sent for manufacturing. It provides the bare-board manufacturers with CAM tools to better plan and execute the fabrication process. Finally, the company assists PCB assemblers worldwide to better manage their cost structure with leading process planning (vPlan) tools, shop floor monitoring and control software solutions (vManage), and test results and quality information management solutions (vCheck).

For more information, visit www.valor.com.

About Nedap N.V.
Nedap N.V. has been established since 1929 and has 650 employees located internationally. The company focuses on developing and supplying innovative and sustainable solutions in the fields of security and electronic control units as well as automation, management and information systems for organisations. Subsidiaries are located in Belgium, France, Germany, Great Britain, the Netherlands and Spain and Nedap N.V.is quoted on the Stock Exchange (Euronext) Amsterdam.

For more information, visit www.nedap.com

20/01/2010

Symetrics Industries Purchases Valor’s Automated DFM Verification Software

RANCHO SANTA MARGARITA, CA — January 2010 —

Valor Computerized Systems, Inc., global provider of productivity improvement software across the printed circuit board design and manufacturing supply chain, announces Symetrics Industries’ purchase of its Trilogy 5000 design-for-manufacturing (DFM) analysis software.

Symetrics Industries, headquartered in Melbourne, Fla., purchased the Trilogy 5000 DFM from Valor who is represented in Florida by Technical Resources Corporation (TRC) with offices in Tampa, Melbourne, and Boca Raton. Valor’s DFM (Design for Manufacturing) software brings designers and the manufacturing supply chain together. It rationalizes the requirements of the design engineer and manufacturers who need to build products at a rapid pace and with the highest quality. Valor DFM is comprised of more than 700 design checks, covering all stages of the design process.

“At Symetrics Industries, we build to our own designs and we also do a lot of build-to-print. In the past, we have found that we were slowed down by problems that we wished had been caught earlier in the design process. We felt that getting a good DFM capability would benefit our design engineers and facilitate their process. This would result in fewer production slowdowns by being able to identify problems very early in the process and work them out with the customer, resulting in more business and quicker turnarounds. Once we found Valor, it was an easy decision. The features and capabilities of the DFM software cannot be matched,” said Peter Volkert, Director of Operations at Symetrics Industries.

“We are very pleased to have Symetrics Industries, a dynamic and forward looking defense and aerospace company, as our latest customer. Valor recognizes the need to provide targeted solutions that can deliver real value to meet the requirements of all market segments in electronics manufacturing. To meet our goal of becoming the market leader of PCB Assembly software, we are bringing solutions that are flexible, modular and affordable,” said Dan Weitzman, President of the Americas.

A unique benefit of the Trilogy solution is the Valor Parts Library (VPL), containing over 35 million commercial electronic component part numbers and their dimensioned package models containing accurate graphical contour, pin contact areas and positions, and dimensional tolerances. The VPL also supports the full virtual “prototyping” of products. This provides for fast off-line simulations to validate physical design characteristics against assembly and test constraints even before a first article or pilot run. With the “as-built” dimensionally accurate package data, Valor users can validate critical manufacturing processes in advance, such as solder-joint formation, test-point accessibility, pick-and-place constraints, rework accessibility, and much more.

The Valor software also features a “sharelist” that allows precise feedback to the design engineer. The sharelist captures selected DFM analysis results and packages them in an open document format for effective engineering collaboration. Combining graphical, text, and numerical data records, the sharelist also includes user comments and suggestions. Output formats include HTML, XML and formatted ASCII.

Symetrics is a privately-held Florida corporation that specializes in the design, manufacture and testing of electronic systems for the Department of Defense, NASA, and prime contractors. The company continues to expand its engineering software capabilities to address the needs of customers in the design and integration of products into their specific airborne or ground platforms.