Valor Opens New Sales Office in Taiwan

Yavne, Israel; October 11th, 2001 � Valor Computerized Systems (Neuer Markt: VCR) today announced the opening of a new Valor office in Taiwan to sell and support its Enterprise 3000 DFM verification system, Trilogy 5000 CAM engineering system, and e4eNet collaboration solution to the PCB electronics industry. Valor is a global leader in providing productivity software solutions to electronics design and manufacturing services companies.

George Chang has been appointed as General Manager to manage the Taiwan office. Prior to joining Valor, Chang was responsible for major account sales for Agilent�s SMT product line, and before that Hewlett-Packard, in Taiwan and China and comes with over 5 years experience in sales and management positions across the electronics industry.

Commenting on his appointment, George Chang, General Manager, said �Valor sees a growth in business for its DFM physical verification software and PCB assembly and test CAM engineering products. Taiwan leads the world in electronics production for PC motherboards, PC notebooks, modems and monitors, and today the mobile phone and telecommunications markets are the fastest growing areas. In these sectors, the need for powerful manufacturing process preparation tools that can capture board design data, perform virtual prototype manufacture, and drive the rapid transition to successful volume production is growing rapidly. Valor�s ODB++ data model for printed circuit assemblies, coupled with its world-beating assembly machine simulation and optimization capabilities and unique machine-level component library solutions, effectively drive down cost in the manufacturing supply chain to a new level."

"Valor�s installed base in Asia is steadily growing and includes customers such as Acer, Celestica, Flextronics, Hitachi, Inventec, Matsushita, Mitsubishi, NEC, SCI, Samsung, Sony, Solectron, Toshiba and many others. Now is the right time for us to open a direct sales operation in this market and George Chang brings good market knowledge to our Far East organization," added Uri Michaelis, Vice President of Valor Far East Operations.

Valor Computerized Systems Far East Ltd � Taiwan Branch

8F-6, No. 1071, Chung-Cheng Road

Tao-Yuan City 330

TAIWAN ROC

Tel: (+886) 939 728001

Email: george.chang@valor.com

About Valor

Valor is a global leader in providing business productivity tools throughout the design-through-manufacturing electronics supply chain. Valor is a public company listed on the Neuer Markt of the Frankfurt Stock Exchange. The company's powerful software tools, based on ODB++, the Valor-funded data format which has quickly become the format of choice for high-level data exchange, ensure the rapid transfer of optimized data from design through manufacturing. Enterprise 3000 DFx system for physical design verification, Trilogy 5000 for assembly and test engineering, and the unique Valor Parts Library on-line data service are utilized by designers and engineers to deliver enhanced productivity, higher yields, shorter cycle times and increased product quality. All Valor products are sold and supported by a worldwide network that includes global subsidiary offices, VARs and OEM channels. More information can be found at http://www.valor.com.

For more information please contact:

Valor Corporate

Cathryn Hage

Pentacom Public Relations

Tel: +44 (0)1242 525205

cathryn.hage@pentacomagency.com

Valor North America

Hileigh Murphy

Valor Computerized Systems, Inc.

Tel: +1 (949) 586 5969

Hileigh.murphy@valor-us.com

Valor Europe

Sharon Graves

PentaCom Public Relations

Tel: +44 (0)1242 525205

sharon.graves@pentacomagency.com

Valor Far East

Uri Michaelis

Valor Computerized Systems

Tel: +(852) 2-731 6108

urim@valor.com