Aware, Inc. Applauds New ADSL Standards Consented by ITU

BEDFORD, MA - May 14, 2002 - Aware, Inc. (NASDAQ: AWRE), a DSL technology leader and innovator, applauds the efforts of the International Telecommunications Union (ITU) that culminated last Friday in Geneva, Switzerland with the consent of ADSL2 standards for high-speed communications over telephone lines.

The newly consented ADSL2 standards have been designated G.992.3 and G.992.4 and will be the successors to the current ADSL standards (known as G.992.1 and G.992.2) that were published in 1999. ADSL2, also known as G.dmt.bis or G.bis, was authored by Q4/SG15, an ITU group of industry experts from ADSL technology, chipset, equipment and services companies.

ADSL2 will standardize specifications that address improvements that have been identified during the first few years of ADSL deployments. These important improvements include:

• Enhanced Multi-Vendor Interoperability
• Power Mask And Spectrum Management For Support Of Digital Loop Carrier Deployments
• Enhanced Performance (Power Down Modes And Improved Rate/Reach)
• Line Diagnostic Mode And Improved On-line Maintenance Support
• All Digital Mode
• Support of IP Over ADSL
• Support of Channelized Voice
• Support of Multi-Pair Bonding For Higher Data Rates.

Peter LeBlanc, Aware's Vice President of Marketing, will be making an ADSL2 presentation today at DSLcon Spring 2002 at the San Jose Convention Center (Conference Session B204, 10:15 - 11:15 a.m. PT). His presentation will discuss the improvements provided by ADSL2 and their impact on silicon providers, equipment manufacturers and service providers.

About Aware
Aware, Inc. designs, develops, licenses and markets DSL technology that enables broadband communications over existing telephone networks. Its solutions, including splitterless G.lite, full-rate ADSL, VeDSL™, Dr. DSL®, DMTflex™, and G.shdsl address central office as well as consumer electronics requirements. The company licenses its intellectual property and software to semiconductor manufacturers and equipment manufacturers who sell products incorporating Aware's technology. Aware also markets to systems companies to encourage them to design its technology into their products, and to service providers to encourage them to deploy new broadband services based on its technology. More information about Aware can be found at http://www.aware.com.

Safe Harbor Warning
Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as estimates or projections of future revenue and earnings and the growth of the DSL market. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements. These factors include, but are not limited to: we have a unique business model, our quarterly results are difficult to predict, we depend on a limited number of licensees, we derive a significant amount of revenue from one customer, we depend on equipment companies to incorporate our technology into their products, we face intense competition from other DSL vendors, DSL technology competes with other technologies for broadband access, our business is subject to rapid technological change, and we will require additional engineering personnel. We refer you to the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our quarterly report on Form 10-Q for the quarter ended March 31, 2002 and other reports and filings made with the Securities and Exchange Commission.