Conexant and Interpeak Launch 802.11 Wireless Solution for Embedded Developers

NEWPORT BEACH, Calif. and STOCKHOLM, Sweden – Mar. 21, 2005 – Conexant Systems, Inc. (NASDAQ: CNXT), a worldwide leader in semiconductor solutions for broadband communications, enterprise networks and the digital home, and Interpeak, a pioneer of Internet and security protocol solutions for embedded systems, today announced a new wireless solution for embedded developers. The solution integrates Conexant’s PRISM® GT 802.11g and PRISM WorldRadio™ 802.11a/g wireless local area network (WLAN) chipsets and Interpeak’s IPNET and IPLITE dual-mode IPv4/IPv6 TCP/IP networking protocol stacks, allowing manufacturers to bring a new generation of embedded wireless devices such as cellular phones, printers and digital cameras to market more quickly and cost-effectively.

“The Interpeak solution provides our customers with a fully integrated hardware and software solution based on proven networking and security protocols and industry-leading wireless technology,” said Chee Kwan, vice president of Conexant’s Wireless Networking business. “Leveraging our joint expertise will allow product developers to focus their engineering resources on designing and introducing new embedded solutions more quickly, which can provide them with a competitive edge.”

“There is a growing need for embedded systems to wirelessly access the Internet or a wireless LAN,” commented Urban Lindegren, vice president of Sales for Interpeak. “Conexant’s leadership role in wireless chipsets, combined with PRISM’s configuration flexibility for both access point and client applications, creates the ideal match for Interpeak’s wireless networking and security software.”

The flexible platform is also interoperable with many major real-time operating systems including INTEGRITY, OSE, and Linux. This allows manufacturers to leverage initial development work across multiple products, independent of the operating system, which saves time and conserves valuable engineering resources.

An Expanding Embedded Wireless Landscape

The proliferation of wireless technology is driving demand for embedded devices in a wide variety of industries, particularly in applications where cables are unusable or unwieldy. In the health care arena, for example, wirelessly enabled medical equipment can be moved within a facility while maintaining a network connection. Transportation and logistics systems now include inventory-tracking devices that communicate wirelessly with a central database, compiling accurate and instant data regarding inventory levels and location.

According to Ken Furer, semiconductor analyst for market research firm IDC, 53 percent of client-side WLAN chipsets shipped as embedded solutions in 2003. IDC projects this number will grow to 80 percent in 2005. “The success and increased usage of wireless embedded applications depends on integrated solutions such as those developed by Conexant and Interpeak,” said Furer.

Conexant is a pioneer in wireless networking silicon solutions that enable untethered access to video, data and voice in homes, offices and public places. The company offers an extensive suite of wireless WLAN solutions, including IEEE 802.11a/b/g and dual-band (2.4 and 5 GHz) chipsets, firmware, software, drivers and reference designs.

Interpeak’s protocol stacks support both IPv4 and IPv6, allowing device developers to rely on IPLITE and IPNET for a range of embedded devices. A full-featured stack, IPNET is the first commercial TCP/IP stack to pass the IPv6 Forum’s requirements for using its IPv6 READY logo. IPLITE is Interpeak’s ultra compact protocol stack, with a minimum footprint and maximum performance. For more information about Interpeak’s protocol stacks and other products, please visit www.interpeak.com.

About Conexant

Conexant’s innovative semiconductor solutions are driving broadband communications, enterprise networks and digital home networks worldwide. The company has leveraged its expertise and leadership position in modem technologies to enable more Internet connections than all of its competitors combined, and continues to develop highly integrated silicon solutions for broadband data and media processing networks.

Key products include client-side xDSL and cable modem solutions, home network processors, broadcast video encoders and decoders, digital set-top box components and systems solutions, and dial-up modems. Conexant’s suite of networking components includes a leadership portfolio of IEEE 802.11a/b/g-compliant WLAN chipsets, software and reference designs, as well as solutions for applications based on HomePlugSM and HomePNA™. The company also offers a complete line of asymmetric and symmetric DSL central office solutions, which are used by service providers worldwide to deliver broadband data, voice, and video over copper telephone lines.

Conexant is a fabless semiconductor company that recorded more than $900 million in revenues in fiscal year 2004. The company has approximately 2,400 employees worldwide, and is headquartered in Newport Beach, Calif. To learn more, please visit us at www.conexant.com.

About Interpeak

Interpeak provides state-of-the-art networking solutions specifically designed for embedded systems. Interpeak's products include various drop-in solutions for networking applications, such as gateways, network storage, edge routers, mobile phones, home access devices, wireless networks, digital media, and others. The company's embedded networking and security software is currently used in thousands of applications across the globe. Its customers span the telecommunications and data communications markets. Headquartered in Stockholm, Sweden, Interpeak operates through a global network of distribution channels and has its own sales and field application force dispersed in strategic locations worldwide, including the USA, Japan, and Europe. For more information about Interpeak’s networking and security products, please visit www.interpeak.com.

Safe Harbor Statement

This press release contains statements relating to our future results (including certain projections and business trends) that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the substantial losses the company has incurred recently; the cyclical nature of the semiconductor industry and the markets addressed by the company’s and its customers’ products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions and product quality; the company’s ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation and the demands it may place on the time and attention of company management; and the risk that the businesses of Conexant and GlobespanVirata have not yet been completely and may not be integrated successfully, as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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