Mimix Broadband, Inc. Expands Management Team

Damian McCann Promoted to CTO, John McCarthy Appointed Senior Vice President Sales and Don Mathes Named Vice President Operations

May 2, 2006, Houston, Texas - Mimix Broadband, Inc., a supplier of microwave and millimeter-wave Gallium Arsenide (GaAs) semiconductors, announced today that it expanded its management team at the positions of Chief Technology Officer (CTO), Senior Vice President Sales and Vice President Operations.

Damian McCann was promoted from Vice President Product Development to the position of Chief Technology Officer (CTO). Mr. McCann has more than 20 years of experience in microwave and millimeter-wave component development, device modeling and design. Before joining Mimix, Mr. McCann was Vice President of Advanced Marketing and Technology for Celeritek, Inc., where he led strategic planning efforts, identified target market opportunities and, as leading technologist, worked closely with engineering teams. During his tenure at Celeritek, Mr. McCann successfully secured key orders, grew the company's customer base by 1100%, and captured 14% of the relevant market share. Prior to Celeritek, Mr. McCann advanced to Principal Engineer at GEC Plessey / Marconi Electronic Products, England. Mr. McCann holds a Certificate Degree in Marketing from UCSC, Santa Clara, and graduated from Queens University of Belfast, N. Ireland with a B.Sc. (Honors) in Electrical and Electronic Engineering.

Dr. Jim Harvey continues to play an instrumental role at Mimix as CTO Emeritus.

John McCarthy joins Mimix as Senior Vice President Sales, with extensive experience in semiconductor markets worldwide, and a background that includes analog, RF, wireless and custom/ASIC. Mr. McCarthy comes to Mimix from Peregrine Semiconductor, a company he made a qualified supplier to Motorola, Scientific Atlanta, Qualcomm, HP and others. Additionally, he led Peregrine to a Tier 1 supplier status with Richardson Electronics. Mr. McCarthy previously held leadership roles at IBM and Harris, and has a BSEE from the University of Nebraska.

Donald P. Mathes, Vice President Operations, has over 30 years of experience managing a broad range of semiconductor and high-tech manufacturing operations in the U.S. and worldwide. From 2000 to 2003, Mr. Mathes designed, built and ramped to production a world class semiconductor-manufacturing facility for a start-up wafer foundry in Taiwan. Today, the company is the first pure-play 6-inch GaAs wafer foundry in the world. Mr. Mathes' background spans everything from proposal preparation to contract administration, procurement to master scheduling, and resource budgeting to facilities expansion. He holds an MBA and a BS, Business Management from California Polytechnic University, Pomona.

"It is a very exciting time at Mimix," stated Rick Montgomery, CEO, Mimix Broadband, Inc. "We believe our expanded management team offers a unique talent and experience base that will help the Company grow exponentially in the coming years."

About Mimix
Mimix Broadband, Inc., an ISO 9001-registered company, designs, develops and supplies high performance Gallium Arsenide (GaAs) semiconductors from DC to 50 GHz for microwave and millimeter-wave wireless communications applications - as bare die or in surface mount packages. Mimix has assembled a team of world-class scientists focused on the development of state-of-the-art semiconductors 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. Due in part to its recent acquisition of Celeritek, Mimix offers a highly diversified product line that serves the top tier telecom,
satellite and defense companies. Mimix combines its design capabilities in complete communications systems with semiconductor device expertise to deliver innovative solutions for the most challenging applications. For additional information, please visit www.mimixbroadband.com .