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Synopsys Armenia Plants Trees On Tsitsernakaberd Hill Of Yerevan

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  • Synopsys Armenia Plants Trees On Tsitsernakaberd Hill Of Yerevan

    SYNOPSYS ARMENIA PLANTS TREES ON TSITSERNAKABERD HILL OF YEREVAN

    News Bites US Markets
    www.BuySellSignals.com
    November 1, 2010 Monday

    The event was arranged with the help of the Synopsys Community
    Volunteer Program and was sponsored by the Synopsys for Armenia
    Charitable Foundation. The Armenia Tree Project Charitable Foundation
    (ATP) supported the event by providing young trees and bushes from
    its Karin and Khachpar nurseries. ATP also prepared the planting
    plots and will monitor the planted trees as they grow.

    Among those taking an active part in the planting were: Synopsys
    President and Chief Operating Officer Chi-Foon Chan, Synopsys VP
    of Corporate Marketing and Strategic Alliances and Synopsys Armenia
    CEO Rich Goldman, Synopsys Armenia Director Hovik Musayelyan, Deputy
    Director Andrew Hovhannisyan, ATP Executive Director Jeff Masarjian,
    ATP Yerevan Director Mher Sadoyan, ATP Associate Director Areg
    Maghakian, ATP Forestry Director Zachary Parisa and ATP community
    tree planting staff.

    Since Synopsys Armenia was first established in November 2004, the
    company has made a significant investment towards the research and
    development of technology products in Armenia, as well as toward
    its new site in Yerevan. The company strives to be a good corporate
    citizen and continuously contributes to the progress of Armenian
    society by helping to improve the country's educational system,
    and by implementing other assistance programs through its Armenia-based
    Synopsys for Armenia Charitable Foundation.

    "Community involvement is a core value for Synopsys," said
    Chi-Foon Chan. "As a good corporate citizen, Synopsys Armenia
    feels responsibility to take care of the environment in Armenia.

    Community involvement also directly benefits Synopsys because this
    is where our employees and families live."

    "Synopsys is demonstrating a real commitment to corporate social
    responsibility by helping to create a green and thriving environment
    in Armenia. I hope other corporations and the Armenian public will
    be inspired to follow their lead and ensure a sustainable future for
    coming generations," said Jeff Masarjian, ATP executive director.

    "Our annual tree planting is one of my favorite events because I
    know how much it means to the city of Yerevan," said Rich Goldman,
    vice president of corporate marketing and strategic alliances at
    Synopsys, and CEO of Synopsys Armenia. "This year we were able
    to plant 50 percent more trees than we have in previous years due
    to the contributions of our new employees from Virage Logic. They
    also understand the importance of community involvement and were
    instrumental in helping us increase the positive impact of this
    special event."

    "The annual volunteer tree planting event has become a
    well-received tradition and a way for Synopsys' community
    volunteers to help combat the environmental impact of the mass
    deforestation that occurred in Armenia during wartime from 1991
    to1994," said Synopsys' Deputy Director Andrew Hovhannisyan.

    "I am proud that this initiative speaks to the minds and hearts
    of our engineers and their families who understand the importance of
    planting trees for the environment. I also would like to thank the
    Armenia Tree Project for being a great partner to Synopsys through
    the years. I look forward to more joint tree planting projects in
    the future."

    "At the Synopsys Armenia Educational Department I not only
    attained professional knowledge, I learned the importance of corporate
    citizenship," said Ruzanna Chakhmakhchyan, a previous SAED
    student and now a Synopsys Armenia employee. "Starting in 2008,
    I have participated every year in the Synopsys tree planting with
    great pleasure and consider them to be a very important activity in
    my life. As a student I was hired by Virage Logic and it was only
    a short time before I joined Synopsys Armenia. Synopsys Armenia is
    like a big family that not only takes care of each other, but of the
    surrounding community and environment."

    Synopsys consistently promotes the importance of corporate social
    responsibility. Planting trees has become an annual tradition for
    Synopsys Armenia, with employees planting more than 400 trees each
    year. This year marks the sixth Synopsys tree planting event in
    Yerevan. Synopsys planted trees in Viasphere Technopark in 2005,
    Victory Park in 2006, Tsitsernakaberd Park in 2007, on a hillside
    of Nor Nork district of Yerevan in 2008, and in the central park of
    Yerevan's Malatia-Sebastia district (near the recently built
    Holy Trinity Church) in 2009. During these years, a total of more than
    2,000 trees have been planted. Employees view tree planting as a key
    contribution towards reducing air pollution in Yerevan and renewing
    its green segment.

    About Armenia Tree Project (ATP Charitable Foundation)

    Armenia Tree Project (ATP Charitable Foundation), a non-profit
    program based in Watertown and Yerevan, conducts vitally important
    environmental projects in Armenia's impoverished and deforested
    zones and seeks support in advancing its reforestation mission. Since
    1994, ATP has made enormous strides in combating desertification in
    the biologically diverse but threatened Caucasus region. Armenia
    Tree Project has planted and restored more than 3,500,000 trees
    at over 800 sites around the country and created hundreds of jobs
    for impoverished Armenians in tree-regeneration programs. The
    organization's three tiered initiatives are tree planting,
    community development, and environmental education. Contacts: ATP
    Charitable Foundation, ARMENIA TREE PROJECT, 57/5 Arshakunyats Ave.,
    Yerevan 0026, Armenia. Tel.: (374 10) 447401/447402. Tel/Fax: (374 10)
    447726. Website: www.armeniatree.org

    About the Synopsys for Armenia Charitable Foundation

    The Synopsys for Armenia Charitable Foundation was established
    in July of 2005. It supports Synopsys' R&D operations in
    Armenia through a number of educational and social initiatives. Its
    activities are divided into two sections: educational and social. The
    Foundation's educational programs include support to all Synopsys
    educational programs for ongoing professional engineering education,
    conducted in cooperation with major Armenia universities. The
    Foundation also funds the RA Presidential Awards for the best students
    in the IT sector and sponsors various IT-related contests targeting
    students and young professionals. The foundation's social
    activities primarily assist the local communities.

    About Synopsys Armenia CJSC and Synopsys, Inc.

    Synopsys, Inc. is a world leader in electronic design automation
    (EDA), supplying the global electronics market with a comprehensive,
    integrated portfolio of software, intellectual property (IP) and
    services used in semiconductor design, verification and manufacturing.

    Synopsys established its presence in Armenia in 2004, after Armenia
    declared information technology (IT) as a priority business for
    the country. Since then, Synopsys Armenia closed joint stock
    company (CJSC) has become an important Synopsys site, providing
    R&D and product support in EDA, design for manufacturing (DFM) and
    the development of semiconductor intellectual property (IP). The
    company employs several hundred qualified Armenian engineers and is
    one of largest IT employers in Armenia. To help provide Armenia with
    highly qualified IT specialists, Synopsys Armenia invests locally in
    IT education and is engaged in a number of successful cooperation
    programs with major Armenian universities such as Yerevan State
    University (YSU), State Engineering University of Armenia (SEUA),
    American University of Armenia (AUA), Russian-Armenian (Slavonic)
    State University, and the Moscow Institute of Electronic Technologies
    (MIET). The company consistently promotes public interest in the high
    tech industry by sponsoring Presidential Awards for the best students
    in IT and contests among young specialists and students, and engages
    the broader community through charity work and volunteer activities.

    Synopsys Armenia CJSC is located in Yerevan. Synopsys, Inc. is
    headquartered in Mountain View, California, and has approximately
    70 offices located throughout North America, Europe, Japan, Asia
    and India. Visit Synopsys, Inc. and Synopsys Armenia online at
    http://www.synopsys.com and http://www.synopsys.am.

    Source: Company Website

    Recent Trading

    Synopsys (SNPS.O) MCap is US$3.7 billion at the last price of US$25.58.




    From: A. Papazian
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