Mimix Broadband, Inc. Announces Relocation of Its Corporate Headquarters to New Facility in Houston, Texas

Facility Includes Newly Constructed Clean Room and Expanded Area for Manufacturing, Assembly, Test and Engineering

October 17, 2002, Houston, Texas - Mimix Broadband, Inc. announced today the relocation of its corporate headquarters to a new facility in Houston, Texas where it will continue to operate an ISO 9001 certified manufacturing, assembly, test and management facility. The 15,000 square foot facility includes a newly constructed Clean Room used for wafer probe testing of monolithic microwave integrated circuits (MMICs), die attaching and wire bonding. The Company's test capability covers from DC to 50 GHz and includes automated and semi-automated testing and handling of MMIC, module and sub-assembly products. Electrical and mechanical design of evaluation modules, reference designs and module products are also performed at the Houston headquarters. In addition, Corporate Sales, Marketing and Applications Engineering are located on-site.

Rick Montgomery, President of Mimix Broadband, Inc., stated, "This new facility includes state-of-the-art automated and semi-automated test and assembly equipment wgns, develops and markets high performance Gallium Arsenide (GaAs) monolithic microwave integrated circuits (MMICs) for millimeter-wave wireless communications applications. Mimix has assembled a team of world-class scientists that has been focused on the development of state-of-the-art millimeter-wave MMICs for the last decade. The Company also 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.