Sunnyvale, Calif. - February 18, 2004 - Kilopass Technology Inc., an emerging leader in non-volatile memory intellectual property announced today the successful conclusion of its first round of venture capital funding from Nokia Venture Partners, InveStar Capital, Inc. and iGlobe Partners. The funding will enable the company to continue to enhance its technology portfolio and expand its market presence.

"We are very pleased that our team and the innovative technology that we have developed are able to attract overwhelming support form the venture community," said Dr. Jack Peng, President and CEO of Kilopass Technology Inc. "As we researched funding partners, we selected those who would bring additional resources beyond funding to Kilopass. Nokia Venture Partners' extensive industry experience brings new insights into our target markets and both InveStar Captial and iGlobe Partners will participate as Kilopass Technology board members."

"Kilopass Technology's non-volatile memory technology distinguishes itself in the market with its very broad base of applications, ranging from memory storage for mobile phones and computers, to programmable microcontrollers for consumer electronics, digital entertainment, and office equipment." said John Malloy, General Partner of Nokia Venture Partners. "The company is well positioned to grow rapidly with its exciting technology.".

As one of the major investors, Michael Lin, General Partner of InveStar Capital, Inc. also shared his views, "What impresses us the most is that Kilopass's non-volatile memory technology can be applied to advanced standard logic CMOS processes without additional mask steps or process modifications, and can be scaled down to 90nm and beyond. The benefit to its customers is the ability to achieve the lowest possible production costs for applications requiring embedded non-volatile memory."

"Kilopass Technology's clear mission, strong leadership and superior non-volatile memory technology has enabled it to garner an impressive list of strategic customers and partners in a short period of time. Driven by its ability to deliver compelling product solutions, we are confident that Kilopass will continue to excel and establish its market leadership position," remarked Doris Yee, General Partner of iGlobe Partners.

Kilopass Technology was founded to develop and market advanced non-volatile memory technology leveraging only standard CMOS logic processes. It is silicon proven to deliver high-density, low-cost storage solutions with the most advanced process technology. With an impressive list of customers and a strong research and development team, the company is committed to maintaining its lead in the embedded non-volatile memory space.

Editor's notes

About Kilopass Technology Inc. (http://www.kilopass.com)
Kilopass Technology Inc. was founded in 2001 with the mission to become the industry leader in embedded non-volatile memory technology (NVM). Kilopass Technology's Super Permanent Memory (XPM) technology can be manufactured using standard commercial CMOS process without any modification. It can be used in a wide range of storage capacity, ranging from a few bits to multiple megabits. In addition, XPM can be scaled to advanced process technologies, such as 130 and 90 nanometers. XPM is an excellent solution for electrically field-programmable code storage, embedded security keys, and IC configuration parameters. Kilopass Technology's XPM products are targeted to the advanced Customer Owned Tooling (COT) and Application Specific Integrated Circuit (ASIC) markets and are available for leading foundries and process geometries. For more information call 408-739-5688 or visit http://www.kilopass.com.

About Nokia Venture Partners (http://www.nokiaventurepartners.com)
Nokia Venture Partners is a leading global venture capital firm based in Menlo Park, California. Backed by a number of value add limited partners, the fund leads investments in early stage mobile technology companies around the world. Launched in 1998, Nokia Venture Partners has a strong track record of leveraging its combined resources, experience and contacts to help build successful mobile businesses. The firm also has offices in Washington DC, London, Helsinki, Hertzelia, Seoul, Hong Kong and Tokyo.

About InveStar Capital, Inc. (http://www.investar-cap.com)
InveStar Capital, Inc. is a venture capital firm with offices in the United States and Taiwan. It focuses on semiconductors, communications and networking, and Internet infrastructure companies. The firm aims to identify entrepreneurs with vision, innovative technology, and a strong sense of commitment.

About iGlobe Partners, Inc. (http://www.iglobepartners.com)
iGlobe Partners is a global venture capital firm with presence in North America, Europe and Asia. We focus on investments in the Information Technology arena, with particular interest in semiconductor, telecommunications, storage, multimedia and enterprise markets. We invest in technology-driven companies with globally scaleable business models led by passionate and committed management.