Cadence Shifts into High Gear with McLaren Racing

Highlights:

• Cadence named an Official Technology Partner of the McLaren Formula 1 Team; enters a multi-year partnership
• With Cadence’s innovative CFD software, McLaren can investigate optimal designs in less time with unprecedented reliability

SAN JOSE, Calif.--(BUSINESS WIRE)--Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that it has become an Official Technology Partner of the McLaren Formula 1 Team. Through the multi-year partnership, McLaren has access to Cadence^® Fidelity^™ CFD Software, which provides innovative aerodynamic prediction tools that can help accelerate the team’s path toward victory.

In racing, shaving off a fraction of a second per lap can make all the difference when it comes to a podium finish. McLaren will use the Cadence Fidelity CFD Software, a comprehensive suite of computational fluid dynamics (CFD) solutions, to investigate airflow. The team will also leverage Cadence’s computational software expertise to tackle design projects that require advanced compute power and precision.

“We’re delighted to welcome Cadence to the McLaren Racing family. Cadence is a technology leader that prioritizes innovation. Its CFD and advanced electronic technologies will be crucial assets for our design operations. We look forward to a fast-paced collaboration that supports our constant drive to boost our on-track performance. The Monaco Grand Prix is a fantastic event to launch our partnership, and we’re excited that Cadence will join our brand across multiple race series this weekend by running on the Arrow McLaren SP cars for the Indy 500,” said Matt Dennington, director of partnerships, McLaren Racing.

“As part of the McLaren Racing family, we’re bringing our Fidelity CFD Software to the team and supporting the team in its ongoing pursuit of boosting performance. We will collaborate with McLaren to continually push and innovate. We’re looking forward to the multi-year partnership and achieving milestones together that put the team on the road to victory,” said KT Moore, vice president, Corporate Marketing, Cadence.

The Fidelity CFD software supports the Cadence Intelligent System Design^™ strategy, enabling disruptive system innovation. To learn more about Fidelity CFD, visit www.cadence.com/go/fidelitycfdf1.

About Cadence

Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For eight years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

About McLaren Racing

McLaren Racing was founded by New Zealand racing driver Bruce McLaren in 1963. The team entered its first Formula 1 race in 1966, since then McLaren has won 20 Formula 1 world championships, more than 180 Formula 1 grands prix, the Indianapolis 500 three times, and the Le Mans 24 Hours at its first attempt.

The team competes in the FIA Formula 1 World Championship with Lando Norris and Daniel Ricciardo, the NTT INDYCAR Series with Arrow McLaren SP drivers Pato O’Ward and Felix Rosenqvist, and the Extreme E Championship with Emma Gilmour and Tanner Foust. McLaren will compete in Season Nine of the FIA Formula E World Championship in 2022/23.

McLaren was the first F1 team to be awarded the Carbon Trust Standard in 2010 and has retained it since on a bi-annual basis, most recently in February 2021. The team was also the first in F1 to be given the FIA Sustainability Accreditation Award at a three-star level in 2013 as part of the FIA Environmental Certification framework, before becoming a signatory to the UN Sports for Climate Action Commitment in 2021.

© 2022 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

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