Seasoned Venture Capital and High-Tech Leader Raj Parekh Appointed Chairman of Board for GTRAN

Business Wire, July 10, 2000

Business Editors and High-Tech Writers

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--July 10, 2000

GTRAN, a leading provider of high-speed data solutions for multimedia wireless and fiber optic transmissions, and manufacturer of DotSurfer(TM), the industry's only IS95B based 64kb/s wireless PCMCIA type II card, Monday announced the appointment of Raj Parekh as chairman of GTRAN's board of directors.

Parekh, who brings more than 20 years of management and executive experience to GTRAN, is a founding partner at Redwood Venture Partners, a venture capital firm focusing on seed and early stage investments in high-technology companies. He earned a master's degree in electrical engineering from the Polytechnic Institute of New York.

Parekh also received a BE/BS in electrical engineering from the L.D. College of Engineering, India, and holds several U.S. patents.

"We are very excited to have Raj Parekh lead our board of directors," said Dr. Frank Lee, president and CEO of GTRAN. "Raj's extensive industry experience in more than 40 high-technology startup investments will be a tremendous asset to GTRAN.

"His leadership will facilitate our growth as the company continues its worldwide expansion." Parakh also served as vice president of engineering -- chief technical officer of SUN Microsystems and general manager of Java Products at SUN Microelectronics (Nasdaq: SUNW). He was the vice president and general manager of Silicon Graphics (Nasdaq: SGI), and served as chairman of the board for Tharas Systems, Campio Communication, Pulse Core, Jedi Technology and Niksun.

About GTRAN

GTRAN is a provider of integrated solutions for multimedia wireless and high-speed fiber optic transmissions. The company designs and manufactures high-speed data engines for the wireless and fiber optic markets. GTRAN headquarters is located in Westlake Village, Calif., with design centers in Calgary, AB, Canada; Seoul, Korea and San Diego.

GTRAN is among the first to have a data modem license from CDMA technology pioneer QUALCOMM Inc. (Nasdaq: QCOM) for multimedia wireless Internet access technologies such as IS95B, HDR and 1X MC. Receiving the license from QUALCOMM in September 1999, GTRAN has been working very closely with QUALCOMM and KT Freetel to develop and launch DotSurfer, a 64kb/s PCMCIA card for the Korean PCS market. For more information, visit the company's Web site at www.gtran.com.