SwitchCore's CXE Technology Inside Corecess 7032 High-performance Enterprise Switch by CORECESS Inc

Business Wire, June 3, 2002

Business Editors/High-Tech Writers

LUND, Sweden--(BUSINESS WIRE)--June 3, 2002

SwitchCore AB (publ.), developer of integrated switching devices for internet and data communications, today announces a product launch of another customer in the enterprise market segment. CORECESS Inc., based in Seoul, Korea, has launched their Corecess 7032 High-performance Enterprise Switch based on SwitchCore's CXE-16 and CXE-1000 switching devices.

Corecess 7032 is a layer 3 switch router that has 64Gbps of switching throughput and 8 user slots. Corecess 7032 provides various combinations of port speed scaling up to 10G and physical interfaces of copper and fiber.

"Delivering the industry-highest level of layer 3 switching performance, featuring scalability and, various flexible interfaces, fully-equipped QoS and a cost-effective price; Corecess 7032 will breathe intelligence into enterprise networks and enable our partners to successfully penetrate into the market. Obviously, Switchcore enriches our product with their well-defined highly integrated switching devices. This robust switching gear will be available in sampling in Q3 and available in volume production in Q4 of this year," said Jung-Hoon Kim, Manager of Product Marketing at CORECESS.

"CORECESS' product is perfectly suited for the enterprise market and their position in the Pan-Asian market makes them an exciting partner for us. Their choice of our silicon in combination with their excellent engineering team has made this powerful new product possible," said Mike Farnam, VP of Sales at SwitchCore.

About SwitchCore

SwitchCore AB is a fabless semiconductor company that designs, develops, and markets integrated silicon devices for network equipment manufacturers and suppliers, worldwide. SwitchCore's CXE technology significantly increases the bandwidth and performance of switches and routers. The flagship product, the CXE-16, an integrated switching device, can switch up to 24 million packets per second. The SwitchCore Group has about 90 employees and offices in Lund and Stockholm in Sweden, San Jose, California and Boston, Massachusetts in the US and Singapore in Asia. The company is quoted on the Stockholm Exchange's Attract 40-list under the SCOR ticker. For more information: http://www.switchcore.com.

About CORECESS

As a leader of solution provider in broadband access market, CORECESS Inc. develops, markets, and manufactures innovative, high-performed products based on IP technology for carriers and service providers, worldwide. The IP broadband access products from CORECESS have designed to leverage DSL and Ethernet's highly perceived value for providing advanced broadband services. CORECESS' IP ADSL and enterprise switch products have been serving for over 2 million subscribers worldwide. CORECESS has about 250 employees and offices at Seoul in Korea, Tokyo in Japan, Beijing and 8 other cities in China, New Delhi in India, San Jose in the US, Sao Paolo in Brazil, Munich in Germany and Dubai for EMEA. For more information: http://www.corecess.com