TeraForce Technology Corporation Chosen to Provide Key Components in Next Generation Target Identification Systems

Business Wire,  August 16, 2004  

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RICHARDSON, Texas -- New Design Win Follows Flight Tests of DNA Computing Solutions' Products in Advanced Airborne System to Locate and Identify High Value Land Targets

TeraForce Technology Corporation (OTCBB:TERA) today announced that its wholly owned subsidiary, DNA Computing Solutions, Inc., has been selected to supply high-density versions of its VQG4 embedded computing product to a leading prime defense contractor for a next generation airborne target location and identification system. This selection follows the recent conclusion of successful flight tests using the VQG4 in the new targeting system as it continues the flow of design wins at DNA Computing Solutions for the quad processor version of the VQG4. Delivery of products for this program is anticipated to span multiple years with the potential for expanding deployment across multiple airframes.

This design win marks a continuation of a series of mission-critical applications for which the features, performance and reliability of the high-density VQG4 computing platform have been demonstrated to meet the demands of a major defense-related program. In this application the quad processor VQG4 will be used for high-accuracy location and identification of ground targets providing critical, real-time data to field commanders. The increased precision and speed afforded by the VQG4 provides significantly improved targeting capability, which enables faster and more effective location and neutralization of threats on the ground.

"This design win constitutes a very exciting opportunity for us," stated Dr. R. Eugene Helms, president and CEO of DNA Computing Solutions. "Our products are slated to play an integral role in this major program to upgrade airborne targeting systems' capabilities with leading-edge computing technologies. The goal of this program is to give battlefield commanders vital up-to-the-second information concerning the precise location of high-value targets in the battle theater. The ability to process vast amounts of data being gathered and coalesce it into clear, actionable information with very low latency is central to this application.

"We believe the capabilities of the VQG4 are showcased by this design win. The performance improvements anticipated from this new system should make for broad deployment of the system in tactical engagements. The initial requirement in the program is for commercial versions of the VQG4 for use in fixed-wing aircraft. We anticipate that this next generation target identification system likely will be adopted for use in both rotary wing and unmanned platforms at some point in the future. In this case, due to environmental demands, we would expect to supply rugged versions of the VQG4 into the program."

About TeraForce Technology Corporation

Based in Richardson, Texas, TeraForce Technology Corporation (OTCBB:TERA) designs, develops, produces and sells high-density embedded computing platforms and digital signal processing products, primarily for applications in the defense electronics industry. TeraForce's primary operating unit is DNA Computing Solutions, Inc., www.dnacomputingsolutions.com.

Except for the historical information contained herein, the statements in this announcement are forward-looking statements which involve risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those relating to: general economic conditions in the markets in which the Company operates; success in the development and market acceptance of new and existing products; dependence on suppliers, third party manufacturers and channels of distribution; contingent liabilities; customer and product concentration; fluctuations in customer demand; maintaining access to external sources of capital; ability to attract and retain key management and technical personnel; issues regarding intellectual property rights; overall management of the Company's expansion; and other risk factors detailed from time to time in the Company's filings with the Securities and Exchange Commission.

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