Aware, Inc. Announces the Promotion of Edmund C. Reiter to President.

Business/Technology Editors

BEDFORD, Mass.--(BUSINESS WIRE)--March 13, 2001

Aware, Inc. (NASDAQ: AWRE), a worldwide leader in DSL (digital subscriber line) technology for high-speed Internet access over existing telephone networks, today announced the promotion of Edmund C. Reiter to the post of President. Mr. Reiter, who joined Aware in 1992, has served as Senior Vice President of Sales and Marketing since May 1998 and as a member of the Board of Directors since December 1999.

Michael A. Tzannes, Aware's Chief Executive Officer said, "It gives me great pleasure to announce Ed's promotion. Over the years, Ed has consistently been a key contributor to the commercialization of our technology and the growth of our business. This change better structures Aware to attack the numerous existing and emerging opportunities in ADSL and in broadband communications in general."

As President, all of Aware's engineering, sales and marketing organizations will report to Mr. Reiter. He will continue to report to CEO Michael Tzannes as will Richard Moberg, Aware's CFO.

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 and DMTflex, address central office as well 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 some 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 and unproven business model, our quarterly results are difficult to predict, we depend on a limited number of licensees, 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 September 30, 2000 and other reports and filings made with the Securities and Exchange Commission.