Connex Technology Named Finalist for Red Herring's 100 Most Innovative Companies Award.

LOS GATOS, Calif. -- Connex Technology, developer of the ConnexArray(TM) Programmable Video Platform (PVP), today announced it has been named as a finalist for the Red Herring Innovation 100 award, which recognizes the 100 most innovative companies in the world. E[acute accent]The award will be announced in December at Red Herring's Fall Conference in Monterey, California. After a long and rigorous process of evaluating more than 1,200 entries from more than 900 companies, Connex Technology is among 200 companies that have made it to this stage of the award competition. E[acute accent]The Red Herring 100 was launched in 1996 to recognize the most innovative public and private companies whose services, business models, products and quality of management define business innovation. Red Herring editors compile the list based on many of the same research principals used by venture capitalists and investment bankers. These factors predict a company's ability to disrupt existing markets or create entirely new ones. E[acute accent]"Just to make it this far in the process is an honor, but of course we hope that we'll make the final cut," said Barry Waxman, vice president of sales and business development at Connex Technology. "The digital image processing and video market is reaching an important inflection point as the more commonly-used technologies reach power consumption, heat and throughput limitations. Connex Technology has developed a new breakthrough architecture which incorporates the best features from current DSP, SIMD, Processor-in-Memory (PiM) and RISC architectures. The ConnexArray(TM) based Single Chip Multiprocessor will be the first commercially viable programmable solution for Advanced Video CODEC functionality that enables the encoding, decoding and transcoding of H.264, WM9 and other key standards at high definition resolutions of 1080p. This solution is ideally suited for advanced DVD Player/Recorders, Set Top Boxes-both STB and IP-STBs-and Mobile Video Players."

E[acute accent]About Connex Technology

E[acute accent]Founded in April 2002, Connex Technology is a fabless semiconductor company developing groundbreaking image processing platforms that enable exciting new capabilities in digital imaging and video. Connex Technology's disruptive ConnexArray(TM) technology enables exciting new capabilities in digital signal processing. By delivering a programmable video platform (PVP), its technology will allow OEMs to achieve high-performance processing without sacrificing power efficiency, similar to current ASIC implementations. Its PVP technology is capable of decoding, encoding and transcoding the most demanding compression standards today or in the future, such as H.264 and WM9. ConnexArray supports in the latest High Definition formats, and its unique, linearly scalable architecture is capable of processing high definition resolutions of 1080 progressive and beyond. As a programmable platform, ConnexArray(TM) further provides OEMs the capability for differentiation in the design and production of consumer, professional and industrial digital signal processing, as well as preserving their intellectual property. The programmability of ConnexArray-based imaging platforms allows OEMs to rapidly adopt this technology while retaining the high performance/power efficiency of their current ASIC designs and protecting the OEM's own intellectual property. The company closed its Series A funding in April 2003 with Adams Capital Management (www.acm.com) as the lead investor. Additional information on Connex Technology and the ConnexArray platform is available online at www.connextechnology.com.