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Updated: July 8th, 2008 05:26 PM CDT

MathStar Announces New Management Team

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via PRNewswire

MINNEAPOLIS , Dec. 9 /PRNewswire-FirstCall/ -- MathStar (Nasdaq: MATH), theField Programmable Object Array (FPOA) leader, announces the addition of four new executives with extensive semiconductor experience. These executives, all based in Hillsboro, Oregon, will be focused on establishing MathStar's innovative 1 Gigahertz FPOA Technology as the next generation of programmable logic.

-- Dan Sweeney has joined MathStar as Chief Operating Officer. Sweeney comes to MathStar from Intel, Corp. with 22 years of operations, marketing, engineering, manufacturing and general management experience. -- Jim Cruckshank has joined MathStar as Chief Financial Officer and Vice President of Administration. Cruckshank comes to MathStar with 25 years of experience and was most recently Chief Financial Officer of Synetics Solutions, Inc. -- Tim Teckman has joined MathStar as the Vice President of Engineering. Teckman comes to MathStar from Intel, Corp. with 20 years of engineering, marketing and general management experience. -- Sean Riley has joined MathStar as the Vice President of Marketing. Riley comes to MathStar from Intel, Corp. with 13 years of engineering, marketing and general management experience.

In May 2005 , MathStar opened the Hillsboro, Oregon development site in the Sunset High-Tech Corridor and has since grown that site to twenty-five employees. MathStar plans to hire an additional twenty employees at this location by the end of 2006. These additional employees will be working in software development, algorithm engineering, marketing, operations and design engineering. MathStar is currently developing its 90 nanometer FPOA silicon at the Hillsboro facility. The Hillsboro site complements MathStar's existing corporate headquarters and design facility in Minneapolis , Minnesota.

MathStar is currently sampling the first of its FPOA products, the SOA13D40-01 device, which offers 400 Silicon Objects running at an operating frequency of 1 Gigahertz. This device is supported by a complete developmenttool suite based on SystemC that customers can use to implement their specific algorithms. MathStar is currently working with customers in the machine vision, image processing, high performance video, military/aerospace and wireless base station market segments to evaluate and develop system productsaround the FPOA device.

Pricing and Availability

The MathStar development platform, including design tools and evaluation board is available for customer evaluation now. Pricing for the development platform can be obtained directly from MathStar at info@MathStar.com .

About MathStar, Inc.

MathStar designs and develops ultra-high performance semiconductors for image processing, digital signal processing, and embedded reprogrammable logic markets. Founded by communications industry veteran Douglas M. Pihl, MathStar is a development stage company headquartered in the Minneapolis , MN metropolitan area. For more information about MathStar, Inc., please visit the company's website at http://www.mathstar.com or email us atinfo@MathStar.com .

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