Cavendish Kinetics Appoints Dennis Yost as CEO

Top Executive to Drive Next Stage in Company Development

SAN JOSE, Calif., March 12, 2007 – Cavendish Kinetics, the developer of
Nanomech™ embedded non-volatile memory intellectual property (IP), announced today that on March 1st Dennis Yost was appointed CEO, replacing Mike Beunder. Mr. Beunder has resigned for personal reasons. Mr. Yost joined Cavendish Kinetics’ board of directors in September 2006 and will continue to serve on the board of directors.

“We are very pleased to have Dennis Yost leading Cavendish Kinetics as its CEO,” said Luis Arzubi, chairman of the board for Cavendish Kinetics. “Dennis’ proven leadership ability, technical and operational management expertise and entrepreneurial energy will position Cavendish Kinetics for its next phase of growth. His previous experience with both semiconductor related equipment and materials, and with taking novel process technology from development to production, will be instrumental in driving the company in the next stage of its growth.”

Mr. Yost has over 18 years experience in the industry including vice president and general manager at Novellus Systems, general manager and managing director at Applied Materials, COO of Light Path Technologies, engineering management and engineering positions at Texas Instruments, as well as engineering positions at Intel.

“I want to thank Mike for doing an outstanding job taking Cavendish Kinetics from a University startup to the solid company that it is today. Mike’s outstanding leadership, commitment to the company and depth of industry expertise has been instrumental in developing the company to this point. I also wish him success in his future endeavors. Cavendish Kinetics is well positioned for its next phase of development as a company in a market with exciting potential,” continued Arzubi.

About Cavendish Kinetics
Cavendish Kinetics is a fabless semiconductor IP company developing embedded Non-Volatile Memory technology for standard CMOS processes. Its Nanomech™ technology is a novel non-volatile memory solution, residing in the metal interconnect system, yielding no impact to existing IP, scaling to 45nm and below, operating beyond 200 degrees centigrade in a radiation harsh environment, and porting easily to different process technologies. Nanomech programs at high-speed and at native voltage requiring no high voltage overhead. It has ultra low-power write/erase and read with no leakage current. The base technology has been silicon proven and it has demonstrated 20M-cycle endurance. For more information please visit http://www.cavendish-kinetics.com .