MIPS Technologies Teams with TimeSys to Deliver MIPS Architecture and Core-Optimized 2.6 Linux Distributions to Licensees and OEMs Worldwide

Joins TimeSys OnBoard Program to Make Latest MIPS-Developed Linux Enhancements Available in Commercially Supported and Certified Kits from TimeSys

EMBEDDED SYSTEMS CONFERENCE, San Francisco, CA -- March 7, 2005 Corporation, a leader in embedded Linux -- TimeSys®® technologies and development tools, today announced an alliance with MIPS Technologies to make the latest MIPS® architecture and core optimizations running on the Malta reference platform available in fully commercialized 2.6-based Linux distributions from TimeSys. In this alliance, MIPS Technologies will join the TimeSys OnBoard Program(tm), the embedded Linux industry?s only comprehensive program for hosting, certifying, distributing and supporting commercialized custom Linux distributions.

The TimeSys OnBoard Program provides a vehicle for continuous delivery of the most advanced Linux features to customers and partners. Through the program, TimeSys rapidly packages, maintains and supports commercial TimeStorm® Linux Development Kits (LDKs) with the latest feature enhancements developed by and with OnBoard Partners. TimeStorm LDKs developed from the alliance with MIPS Technologies include complete MIPS architecture and core-optimized embedded Linux distributions with ready-to-run target images (kernel and root file system) and an Eclipse 3.0-based cross-development environment to facilitate application development, as well as kernel and device driver platform customization.

"The OnBoard Program makes the latest Linux optimizations from MIPS Technologies available to developers in commercially supported Linux distributions from TimeSys," said Russ Bell, vice president of marketing for MIPS Technologies. "Through our alliance with TimeSys, developers gain access to the most advanced MIPS Linux optimizations in a fully supported distribution from a leading embedded Linux vendor."

Under the alliance, TimeSys and MIPS Technologies will collaborate to create TimeStorm LDKs that support a broad subset of the entire MIPS32® and MIPS64® processor core families, which are ideal for digital and interactive television, set-top boxes, DVD and other performance-driven applications. The initial LDK delivered from the alliance will support the MIPS32 4K®, 4KE?, 24K® and MIPS64 5K® core families.

TimeSys and MIPS Technologies have also agreed to use the OnBoard Program as the vehicle for developing additional TimeStorm LDKs with advanced feature sets such as MIPS integrated DSP extensions, and for future MIPS cores as they become available. TimeSys and MIPS Technologies also intend to offer the benefits of the OnBoard Program to MIPS' licensees as a collaborative environment for ensuring the continuous and rapid availability of the latest commercially supported Linux and tools throughout the MIPS ecosystem.

"OnBoard is changing the way that embedded Linux is brought to market," said Larry Weidman, president and CEO of TimeSys. "By joining OnBoard, MIPS Technologies can continuously deliver their latest hardware-optimized Linux in complete Kits from TimeSys."

About TimeSys Corporation

TimeSys is empowering the embedded Linux market by continuously delivering processor-optimized Linux distributions and tools that enable embedded developers to reliably and cost effectively use Linux. TimeSys products include 2.6-based TimeStorm Linux Development Kits and Eclipse-based development and testing tools. TimeStorm products streamline the development, customization and validation of homegrown or commercial Linux-based embedded systems, shortening development cycles and reducing project costs. Visit www.timesys.com for more information.

About MIPS Technologies, Inc.

MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer and business applications. The company drives the broadest architectural alliance that is delivering 32- and 64-bit embedded RISC solutions. The company licenses its intellectual property to semiconductor companies, ASIC developers and system OEMs. MIPS Technologies and its licensees offer the widest range of robust, scalable processors in standard, custom, semi-custom and application-specific products. The company is based in Mountain View, Calif., and can be reached at +1 (650) 567-5000 or www.mips.com.

###

MIPS, MIPS32, MIPS64, 4K, 4KE, 24K, and 5K are trademarks or registered trademarks of MIPS Technologies, Inc. in the United States and other countries. All other trademarks referred to herein are the property of their respective owners.