Woodside Networks Announces Investment by Nokia Venture Partners

Palo Alto, California - April 30, 2002 — Woodside Networks, a developer of innovative Wireless Local Area Networking (WLAN) technology, today announced that Nokia Venture Partners, a leading global venture capital firm focused on early-stage mobile technology companies, has invested US $4 million in Woodside Networks, bringing the total amount of venture capital raised by Woodside to $32 million. Woodside develops technology that will dramatically improve the speed, range, and reliability of wireless networks.

“We evaluated dozens of opportunities in the WLAN space before concluding that the combination of breakthrough technology, a world-class team with a proven track record, and a rapidly growing market opportunity made Woodside Networks a compelling investment,” said John Zeisler, Partner at Nokia Venture Partners. “Woodside is now productizing important scientific advances that their competitors, both large and small, don’t have the capability to duplicate. This team is at least several years ahead of the curve. We believe their disruptive products will greatly enhance the user experience and expand application scenarios for Wireless LAN.”

“Nokia Venture Partners is a great match for Woodside, because the firm has an international perspective with a team of seasoned industry veterans who truly understand what it takes to obtain global, mass market adoption of new wireless technology.” said Greg Raleigh, CEO of Woodside Networks.

About Nokia Venture Partners
Nokia Venture Partners is a leading global venture capital firm based in Menlo Park, California. Launched in 1998, Nokia Venture Partners has USD$650 million under management and leads investments in early stage mobile technology companies around the world. The fund is backed by a number of value add limited partners and 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 and Helsinki. For more information, visit www.nokiaventurepartners.com.

About Woodside Networks
Woodside's technology enables 802.11 (also known as Wi-Fi) devices to work at the highest possible data rates in both the 2.4GHz and 5GHz bands. This provides users a seamless and secure experience at performance levels that support the most demanding, bandwidth-intensive applications. Woodside plans to drive industry migration toward easy-to-use, backwards-compatible solutions that are truly capable of replacing Ethernet at home, at work, and in public spaces.

The core team at Woodside comprises a world-renowned group of wireless product and technology entrepreneurs from Cisco, Agere, Bell Labs, Nortel, Intel and other companies. Woodside's founders include the founders of Clarity Wireless, a company that revolutionized OFDM wireless technology and was acquired by Cisco Systems in 1998. Woodside's founders also include key technologists from Agere who invented the latest generation of Wireless LAN standards technology.

The company's main office is in Palo Alto, California, USA, and it has a development center located in Breukelen, The Netherlands.

News and information are available at www.woodsidenet.com