Gadzoox Networks Licenses Industry's Foremost Fibre Channel Technology to Astute Networks

Astute Networks Chooses FabriCore Engines Open SAN OS For New Storage Technology

San Jose, Calif. -- September 23, 2002 -- Gadzoox Networks Inc., (OTCBB:ZOOX), a global supplier of innovative Storage Area Network (SAN) products, announced today the completion of a deal to license the FabriCore Engines Fibre Channel (FC) Technology to Astute Networks, Inc., a visionary of silicon-empowered storage networking. Under the agreement Gadzoox Networks will license its FabriCore Engines Open SAN OS to Astute Networks.

"Companies like Astute Networks are changing the storage industry landscape with ground breaking product offerings that will include broader functions and higher performance for development of more efficient and cost effective storage networking applications," said Steve Dalton, Gadzoox Networks' President and CEO. "At the heart of this product breakthrough is Gadzoox Networks' FabriCore Engines Technology, which is quickly becoming the de facto standard in FC intellectual property."

Astute Networks is currently in stealth mode but has publicly stated that they are focused on creating an essential storage networking technology that will deliver silicon-based storage protocol acceleration with programmable intelligence.

"Gadzoox Networks has production-proven technology that brings key FC functionality and complements our vision of silicon-empowered storage technology," said Tom Sennhauser, Astute's president and CEO.

About Gadzoox Networks
Since 1996 Gadzoox Networks has led the industry in market "firsts" and continues to drive the Storage Area Network (SAN) edge market with innovative Fibre Channel switching technology. The company has consistently delivered a time to market advantage to major OEM customers enabling them to create clear business value for their customer base. Gadzoox Networks is a voting member of the Storage Networking Industry Association (SNIA), with corporate headquarters located in San Jose, California. For more information about Gadzoox Networks' products and technology advancements in the SAN industry, visit the company's Web site at www.gadzoox.com.

About Astute Networks
Formed in April 2000, Astute Networks has raised more than $23 million in venture capital funding led by US Venture Partners (USVP) and BA Venture Partners. The company is currently in stealth mode creating an essential storage networking technology that will deliver silicon-based storage protocol acceleration with programmable intelligence. Astute's headquarters are based in San Diego, CA. Additional information on Astute is available at www.astutenetworks.com

NOTE: Gadzoox and the Gadzoox logo are registered trademarks of Gadzoox Networks, Inc. All other trademarks are property of their respective owners.

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