Massana Expands Worldwide Presence With New Design Center in Madrid

Massana Expands Worldwide Presence With New Design Center in Madrid

Expanded Resources to Propel Development of Broadband Communications Products

Palo Alto, Calif., February 12, 2001 - Massana Inc., an innovator of smart math in silicon for broadband digital communications, announced today that it has opened a design center in Madrid, Spain to assist in the development and implementation of its gigabit Ethernet transceiver product line. The office currently employs more than thirty engineers. Miguel Riaza, general manager, will head the design center and report directly to Brendan O?Flaherty, chief operating officer.

"As we develop next-generation gigabit Ethernet products, we?re always looking for opportunities to expand our team of highly skilled and experienced digital and mixed-signal design engineers," said O?Flaherty. "Spain is home to many top-notch engineering universities, producing some of the best and brightest telecommunications engineering and silicon designers in the world. By opening a design center in Madrid, we will be able to draw on the vast experience of these seasoned designers for their signal processing, analog and high-speed digital design expertise. In addition, they have the silicon back-end IC design experience that will be crucial to our success as a fabless semiconductor company."

Initially, the Madrid-based engineering team will be instrumental in the development and implementation of Massana?s gigabit Ethernet transceiver product line. They will also be involved in the design and development of the company?s next-generation broadband communications products. Members of the Madrid design team have been involved in more than 75 semiconductor designs for products in a variety of markets including the high-speed ATM switch market, ATM physical layer market, XDSL market and other communications and multimedia areas. Members of the team have worked with numerous top-tier semiconductor companies such as Telefonica, Lucent Technologies, IBM and Infineon.

"Massana is at the forefront of the broadband communications revolution, and we are excited to join the company at this exciting time of transition," said Miguel Riaza, general manager, Massana?s Madrid office. "Our team brings a breadth of knowledge in areas with well over 160 years of design experience, ranging from digital design, digital signal processing, analog system and chip design, and back-end IC design. The members of the team have a proven record in implementing and delivering complex communication semiconductor projects."

About Miguel Riaza

Riaza has more than thirteen years of experience in ASIC marketing, sales, quality control and design. Before joining Massana, Riaza worked as an assistant general manager at SIDSA, the largest design services company in Spain. Riaza began his career as an IC design engineer with Semiconductores, a Madrid-based semiconductor design company. He received his engineering degree from the Universidad Politecnica of Madrid.

About Massana

Massana is an innovator of smart math in silicon for broadband digital communications. Massana combines its proprietary methodologies and custom signal processing architectures to take complex mathematics to silicon. By applying this unique approach, Massana provides customers with a new level of broadband capability to meet the exploding demand for wired and wireless Internet bandwidth. Massana is a global technology company with its U.S. headquarters in Palo Alto, Calif., European headquarters and a design center in Dublin, Ireland and a design center in Madrid, Spain. For more information on Massana, visit http://www.massana.com.

For More Information Contact:

Brendan O'Flaherty
Massana Inc.
650/566-0478
brendan.oflaherty@massana.com

Lisa Neitzel
Tsantes & Associates
408/369-1500 x23
lisa@tsantes.com