Cambex Announces Memory for IBM eServer pSeries and RS/6000 Servers; Cambex is the Only Independent Company to Deliver Fully Compatible Memory for High-End IBM Servers.

Business/Technology Editors

WALTHAM, Mass.--(BUSINESS WIRE)--June 24, 2002

Cambex Corporation (OTCBB:CBEX), a 34-year supplier of memory and storage solutions, today announced the availability of its STOR/6800 plug-compatible memory cards for IBM's eServer pSeries 680 and RS/6000 S70, S7A, and S80 family of servers.

The STOR/6800 design is system and software transparent and is manufactured in conformance with IBM's "book" packaging technology in densities of up to 8GB per card. SDRAM components are permanently attached to the memory cards, ensuring higher reliability and availability than commodity SIMM/DIMM packaging. STOR/6800 cards are card for card compatible with IBM memory and comply with IBM's ECC error detection and correction algorithms.

Standard STOR/6800 upgrade features for pSeries servers require four cards and are available in configurations starting at 2GB up to 32GB per feature. Pricing for the STOR/6800 features ranges from $12,600 to $108,800, a savings of over 30 to 40% compared to IBM's prices.

"With the introduction of the STOR/6800 memory cards, Cambex brings the economic benefit of plug-compatible memory to high-end RS/6000 customers that IBM System/390 users have enjoyed with Cambex products for over 30 years," said Joseph F. Kruy, CEO of Cambex. "Combined with our recent acquisition of Super PC Memory, Inc., Cambex now offers enterprise customers real alternatives in order to aggregate memory upgrades on Windows, UNIX, Linux and S/390 platforms, from the laptop to the mainframe," Kruy stated.

"We are very pleased that a company with Cambex's experience and reputation for product quality has introduced memory for high-end IBM servers which has not been previously available from any independent memory supplier. The availability of this memory product will make our IBM server offerings more competitive," said Glen Littler, Vice President of Sales at World Data, a leading supplier of world-class hardware solutions for server, network and storage applications.

IBM ranks first in worldwide high-end server market share according to a recent survey by market research group IDC. In the past several years, IBM has concentrated the development and marketing of their S/390 and RS/6000 servers on the most critical enterprise application requirements.

With a broad array of foundation software such as DB2, Lotus and Tivoli storage products, IBM is a leader in Internet-based on-line transaction processing applications that require continuous availability and high performance. Studies show that processor memory is the best place to store data that requires the fastest access, a technique IBM calls "data in memory."

Cambex has been a supplier of RS/6000 compatible memory and storage for over ten years, and is the only storage manufacturer ever to have designed RS/6000 memory boards that are direct replacements for IBM boards. "Cambex engineers have worked with IBM's high-speed mainframe circuits for many years, and now that IBM is migrating these technologies to the eServer pSeries, Cambex has the design and manufacturing experience that enables us to realize substantial cost savings for our customers," Kruy added.

Cambex/Super PC, Inc. is a leading supplier of memory upgrades for IBM, Intel, Sun, HP-Compaq, Dell and Cisco systems and is headquartered in Waltham, Massachusetts with operations in Irvine, California and Westminster, Colorado. Memory upgrade kits are sold through a direct enterprise sales organization and through qualified resellers and integrators. The STOR/6800 memory products will be available immediately to the over 2,000 customers of the combined companies, and to IBM RS/6000 resellers and channel partners worldwide.

Founded in 1968, Cambex has been supplying high-performance, high-availability memory and storage solutions for over 30 years for a wide variety of applications. Products include FibreQuik(TM) Host Bus Adapters and Dynamic Path Failover(TM) software and STOR(TM) memories for enterprise servers. Cambex can be reached at [phone] or on the World Wide Web at www.cambex.com. Super PC, Inc. can be reached at [phone] or on the World Wide Web at www.superpc.com.

Forward-looking statements are made in this release pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward looking statements are subject to risks and uncertainties, including, without limitation, the timing of new announcements or product introductions by the Company and its competitors, the hiring and retention of key employees, competitive pricing pressures, dependence on third parties for components and products, general economic conditions in the United States and international markets, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission.

STOR, STOR/6800, FibreQuik and Dynamic Path Failover are trademarks of Cambex Corporation. RS/6000, AIX, eServer pSeries, System/390, DB2 and Lotus are the trademarks of IBM Corporation. All other trademarks are the property of their respective owners.