MIPS Technologies licenses 64-Bit core to Adaptec

MIPS TECHNOLOGIES LICENSES 64-BIT CORE TO ADAPTEC

Adaptec to Use MIPS64 Architecture in Next-Generation Storage Solutions

MOUNTAIN VIEW, Calif., April 11, 2001 MIPS Technologies, Inc. (Nasdaq: MIPS, MIPSB), a leading provider of industry standard processor architectures and cores for digital consumer and network applications, today announced it licensed the MIPS64 5Kc processor core to Adaptec, Inc. (Nasdaq: ADPT) for implementation in its next-generation I/O products.

The 5Kc core is a high-performance, synthesizable core based on the MIPS64 architecture. Adaptec, the world leader in data storage access solutions, plans to initially use the core in products targeted at high-density server systems.

"We're seeing an interesting trend towards high-performance integrated RAID solutions in ultradense server configurations. The 64-bit MIPS solution is exactly the fit for the performance space we're targeting," said Lee Caswell, vice president and general manager of Adaptec's Storage Solutions Group. "Our customers are on the edge of their seats as they realize the impact they'll see from a MIPS Technologies 64-bit synthesizable core married with Adaptec's I/O and PCI-X cores. Not only will it provide the performance we need, but we're also showing customers the advantage of the design flexibility and 32-bit code compatibility, which keep the cost down. Above all, it gives us more than enough headroom to meet our customers' needs well into the next generation."

"Adaptec, like many of our customers, requires the flexibility to innovate quickly and easily, now and into the next generation," said Derek Meyer, vice president of worldwide field operations at MIPS Technologies. "The MIPS64 architecture and 5Kc core amply fulfill those needs and we welcome Adaptec, the global leader in innovative storage solutions, as the latest MIPS licensee."

About Adaptec
Adaptec Inc. (NASDAQ: ADPT) provides broad-markets with intelligent, highly available storage access solutions that reliably move, manage and protect critical data and digital content. Adaptec's storage solutions are found in high-performance networks, servers, workstations and desktops from the world's leading manufacturers, and are sold through OEMs and distribution channels to ISPs, enterprises, medium and small businesses and consumers. Adaptec is an S&P 500 member. More information is available at www.adaptec.com.

About MIPS Technologies
MIPS Technologies, Inc. is a leading provider of industry-standard processor architectures and cores for digital consumer and network 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.

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MIPS is a registered trademark in the U.S. and certain other countries, and MIPS64 and 5Kc are trademarks of MIPS Technologies, Inc. All other trademarks referred to herein are the property of their respective owners.