Wireless Industry Veteran Richard Hitt Named CEO of HYPRES.

ELMSFORD, N.Y. -- Richard Hitt has been named president and chief executive officer of HYPRES, Inc., a leading developer of superconductor microelectronics (SME) technology. Hitt, a 20-year veteran of the wireless communications industry, previously served as the company's vice president and general manager of government products and systems.

"Dick is a strong leader with the technical expertise and wireless industry experience we need to propel HYPRES and its unique technology into the defense and commercial markets," said Franklin "Pitch" Johnson, chairman of the board of HYPRES. "Throughout his career he has had a track record of success and proven leadership ability. The board is very pleased to have someone of Dick's caliber leading the company."

Before joining HYPRES in 2003, Hitt served at Raytheon, where he led the company's Joint Tactical Radio Systems programs and business development for the Radios and Terminals group. Since retiring from the U.S. Air Force, he has spent much of his career developing wireless technologies for defense C4ISR applications and various commercial markets.

"This is an exciting opportunity, and I look forward to building upon the company's successes in developing superconducting digital technology. We have a world class team of people, with capabilities unmatched anywhere in the world," said Hitt. "HYPRES' Digital-RF(TM) capability is one of the critical enabling technologies needed to address the performance challenges facing the wireless industry today and in the future. We will continue to develop state-of-the-art systems for defense communications and pursue opportunities in the commercial market."

Hitt succeeds Jack Rosa, who is retiring after serving on the board of directors and as HYPRES CEO for more than five years. Rosa will act as consultant to the company. Chairman Johnson said, "We appreciate the role Jack has played in bringing HYPRES into its present position of technical and market strength."

HYPRES is harnessing the power of SME to transform the communications architecture through direct digitization of the wireless signal at the antenna -- an innovation that drastically reduces analog signal processing. In addition to reducing the amount and cost of equipment needed to move the RF signal from analog to digital, SME also creates a more robust and reliable signal, and allows engineers to create one radio set that is interoperable across all waveforms and spectrum ranges -- the ultimate goal of the software radio industry. The company has several contracts with the Department of Defense, each a strategic step in productizing the technology and producing the industry's first All-Digital Transceiver(TM).

For more information on HYPRES and superconductor microelectronics technology, visit http://www.hypres.com.

About Richard Hitt

Richard Hitt, CEO and president of HYPRES, joined the company in January 2003 as vice president and general manager of government products and systems. Prior to that, Hitt served at Raytheon where he was director of Joint Tactical Radio Systems (JTRS) programs. He also served as director of business development for Raytheon Radios and Terminals.

During his career, he has held senior leadership positions with EG&G of Boston and Mnemonics, Inc. of Florida. His career in the Air Force included extensive time as a senior program manager in the advanced technology headquarters of the Air Force TENCAP program, where he was involved in bringing new space command, control, and communications technologies to tactical combat units. His commercial experience has focused primarily on bringing new technologies to mainstream, product lines and programs.

Hitt earned an undergraduate degree in economics from Chapman University, California, and a graduate degree in systems engineering from the Air Force Institute of Technology, Wright-Patterson AFB, Ohio. Hitt is also a graduate of the DoD Senior Program Manager Course, Defense Systems Management College, Ft. Belvoir, Virginia, and the senior leadership course at the University of Chicago, School of Business.

About HYPRES

HYPRES, Inc., formed in 1983, develops and commercializes superconductor microelectronics (SME) that provide unparalleled economic and performance advantages for defense and commercial wireless network industries, and a host of other markets. HYPRES SME technology is widely recognized as the leading solution to achieve a single radio set that is interoperable across all required waveforms and spectrum ranges. Headquartered in Elmsford, New York, HYPRES is widely known as the most advanced in its field with the most accomplished collection of superconductor specialists in the world. HYPRES has delivered more different and complex SME circuits than any other institution worldwide. For more information, please visit us at http://www.hypres.com.