Telrad Networks Deploys Mindspeed Silicon PBX Processor in VoIP `Meet-Me' Conference System.

Business Editors/High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--March 15, 2004

Mindspeed's Silicon PBX Convergence

Processor Enables Telrad to Deliver a High-Density, Cost-Optimized

VoIP and TDM-Capable Conferencing System

Mindspeed Technologies Inc. (NASDAQ:MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced that Telrad Networks is deploying Mindspeed's silicon private-branch-exchange (PBX) Voice-over-Internet Protocol (VoIP) convergence processor in its "Telrad Voice Application Server" (TVAS) conference-call system.

The Telrad TVAS system offers "meet-me" audio conference solutions for organizations with VoIP networks or converged networks. It is a standalone product intended for the enterprise market, with standard H.323 connectivity to any equipment that conforms to the standard. Meet-me service provides the capability to hold audio conferences from distant locations using traditional TDM-based or next-generation Internet Protocol (IP) phones.

TVAS supports various types of meetings including those with defined start and end times, ad-hoc conferences, and permanent or "always on" meetings. More than one active meeting can exist simultaneously on the same card, limited only by the total port capacity. The new product combines Telrad's feature-rich application, which incorporates years of field experience and customers feedback, with a new state-of-the-art hardware platform optimized for VoIP connectivity.

"Mindspeed's highly integrated PBX VoIP processor and carrier-class software enabled us to design a robust, compact conferencing system in a very short time," said Aaron Chavet, development manager in the Telrad Enterprise unit. "Mindspeed's highly scalable processor architecture and comprehensive voice- and packet-processing software suite make it an ideal choice for designing a VoIP system without the need for a large engineering development team."

"We are pleased to work with Telrad on its next-generation conferencing system which enables enterprises to take full advantage of the benefits of VoIP, while maintaining the flexibility to use their existing telephone handsets," said Elie Massabki, executive director of marketing for Mindspeed. "Telrad's TVAS system combines the cost savings and efficiency of VoIP with the features found in traditional voice-conferencing systems."

The Mindspeed silicon PBX M825xx processor enables equipment manufacturers to design low-cost, high-quality packet voice systems, enabling "handset-to-Ethernet" capabilities for business and residential phone applications. The M825xx integrates signaling, packet processing and signal processing functions, handling up to 64 channels of highly compressed packet voice and up to 512 channels of traditional TDM voice channels on a single chip. Software bundled with the device, developed and tested to carrier class standards, provides the full range of wireline voice codecs.

About Mindspeed Technologies(TM)

With headquarters in Newport Beach, Mindspeed Technologies designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide area networks.

The company's four key product families include high-performance analog transmission and switching solutions, multiservice access products designed to support voice and data services across wireline and wireless networks, T/E carrier physical-layer and link-layer devices, and ATM/MPLS network processors.

Mindspeed's products are used in a wide variety of network infrastructure equipment including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment.

To learn more, visit the company at www.mindspeed.com.

About Telrad Networks

Telrad Networks is one of Israel's leading high-tech firms in Israel and abroad. Since 1950, Telrad Networks has been a leading provider of cutting-edge telecommunication technologies in both legacy switching and next-generation networking.

Telrad is a dynamic company, which empowers its vast telecom experience for creative customized solutions for its customers. To learn more, visit the company at www.telrad.co.il.

Safe Harbor Statement

This press release contains statements relating to Mindspeed, and our future results, including certain projections and business trends, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results, and actual events that occur, may differ materially from those projected as a result of certain

risks and uncertainties. These risks and uncertainties include, but are not limited to: demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; the availability of manufacturing capacity; pricing pressures and other competitive factors; fluctuations in manufacturing yields; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; and product defects and compatibility issues with the products of our customers and their customers, as well as other risks and uncertainties, including those detailed from time to time in the company's Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.