Mimix Broadband Announces Its Board of Directors Elected Dr. Charles Lee as Chairman of the Board

A Strong and Accomplished Leader, Dr. Lee Brings Extensive Experience to the Mimix Team

March 20, 2001, Houston, Texas ­ Mimix Broadband announced today that its Board of Directors has elected Dr. Charles Lee as Chairman of the Board, effective immediately. The election of Dr. Lee to Chairman represents a new position created by the Board, which further demonstrates the breadth of commitment and resources focused on the success of Mimix Broadband in becoming the preeminent supplier of Gallium Arsenide (GaAs) monolithic microwave integrated circuits (MMICs) to the broadband wireless access market.

Dr. Lee founded Charles Lee Enterprise in 1990 to facilitate strategic alliances between America and Asia. He was also Managing Partner of Abacus Ventures which he co-founded in 1985. The fund focused on telecommunications and related information industry start-up venture investments. Dr. Lee was on the board of several portfolio companies including Pliant Systems (PLNS), TranSwitch (TXCC), and Overseas Telecommunications Inc. (OTI) among others.

"We feel proud and honored that Dr. Lee has accepted this position with such enthusiasm," said Rick Montgomery, President and CEO of Mimix Broadband. "His extensive expertise in the information technology industry and expansive contacts and networks on both sides of the Pacific Ocean will greatly benefit the Company."

"Mimix is a young company with a strong management team and innovative technology that positions the Company to be a leader as a GaAs MMIC supplier. I welcome the opportunity to participate in their growth," stated Dr. Lee.

Dr. Lee was also a founding partner of Lee & Satterlee Associates, a hi-tech venture investment service firm. He was previously associated with Xerox Development Corporation and Exxon Enterprises in venture investments and corporate development and was instrumental in organizing the first successful integrated voice-data switch company, InteCom. He was also affiliated with AT&T and Sperry Univac in strategic planning, marketing and product development.

Dr. Lee has consulted many hi-tech organizations such as Ameritech, Bell Atlantic, AT&T, GTE, ITT, United Technologies, Acer, Hsin-Chu Science Park of Taiwan, and Pudong Science Park of Shanghai. He was instrumental in introducing venture capital to Taiwan and other countries in Asia.

He is a frequent speaker to many corporations, Asian-American associations and venture capital industry conferences around the world. Dr. Lee is also a guest lecturer in business schools in the United States such as Indiana University, Oregon Graduate Institute and in Asia such as National University of Singapore, National Taiwan University among others. Dr. Lee attended National Taiwan University (BSCE) and the University of Minnesota (MSCE, MSAE and Ph.D. in Applied Mathematics).

About Mimix Broadband
Mimix Broadband designs, develops and markets high performance Gallium Arsenide (GaAs) monolithic microwave integrated circuits (MMICs) for broadband wireless access technologies at millimeter-wave frequencies. The Company leverages strategic partnerships for manufacturing in order to expedite the time-to-market cycle and meet market requirements. Backed by experienced, highly successful stakeholders, Mimix Broadband combines its expertise in overall radio system design to provide comprehensive insight in the technology and issues that its customers confront in designing their products.