Mimix Broadband, Inc. Completes Acquisition of Celeritek, Inc.

Simultaneously Raises Additional $8.5M

June 3, 2005, Houston, Texas - Mimix Broadband, Inc. announced today that it had completed the purchase of substantially all of Celeritek's assets. The purchase price was $2.8 million in cash, plus the assumption of approximately $6 million in liabilities.

Celeritek designs and manufactures radio frequency integrated circuits (RFICs), low noise amplifiers, gain blocks and power amplifier modules for the semiconductor components market using GaAs based device technology. These products are used in a variety of commercial and defense applications and primarily consist of transmit solutions. Commercial semiconductor applications include wireless communication network and satellite applications.

Founded in 2000, Mimix supplies highly integrated and linear monolithic microwave integrated circuits (MMICs) for microwave and millimeter-wave wireless applications. The addition of Celeritek gives Mimix an immediate platform to expand its product portfolio and serve new, complementary markets. This combined company offers a more diversified product line to serve the top tier telecom, satellite and defense companies.

Mimix also announced that it had simultaneously raised an additional$8.5M, with participation from all of its current institutional and private investors, closing a follow on Preferred B round. The institutional investors include 3i, First Capital Group of Texas and Gefinor Ventures.

"The support shown by all of our current investors demonstrates their confidence and enthusiasm about this Celeritek acquisition," stated Rick Montgomery, CEO of Mimix Broadband, Inc. "No doubt, we believe this winning combination will generate innovative technology and supply superior customer support, building the very best platform in the microwave and millimeter-wave semiconductor industry."

About Mimix
Mimix Broadband, Inc., an ISO 9001-registered company, designs, develops and supplies high performance monolithic microwave integrated circuits (MMICs) for microwave and millimeter-wave wireless communications applications. Mimix has assembled a team of world-class scientists that has 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. Mimix combines its design capabilities in complete communications systems with semiconductor device expertise to deliver innovative solutions for its customers' most challenging applications. For additional information, please visit www.mimixbroadband.com.