Perfisans Holdings Inc.
OTC Bulletin Board : PFNH

Perfisans Holdings Inc.

July 12, 2005 08:01 ET

Perfisans Networks Announces Network Accelerator Board Order from Major Chinese Wireless Broadband Solution Provider

LOS ANGELES, CALIFORNIA--(CCNMatthews - July 12, 2005) -

Wireless broadband solution provider, Zhejiang Orient FSP Communication Company Ltd., expects to purchase $2.5 million worth of Perfisans Network Boards over next 12 months

Perfisans Networks Corporation (OTCBB:PFNH), a next-generation fabless semiconductor company focused on the burgeoning Gigabit Ethernet market, announced today that it has received an initial order of US$40,000.00 from Zhejiang Orient Fibersense Photonics Communication Company Limited (FSP), (www.fsp.com.cn), for its ENA5031 network accelerator board. In addition, FSP expects to purchase $2.5 million worth of the network boards over the next twelve months. The board will feature Perfisans' ENA1001 TCP/IP Offload Engine (TOE) network accelerator chips as its main component.

To Hon Lam, Co-Founder and President of Perfisans, states "FSP conducted intensive, long term functionality and reliability tests with their beta customer. As a result of these tests, Perfisans has received its first complete board level product order. This order was issued after FSP tested the board under their 802.16 WiMax Wireless Broadband platform for several months and compared Perfisans' functionality performance against Intel (NASDAQ:INTC) products. Mr. Lam adds, "It is very encouraging that FSP found significant cost and performance advantages in using Perfisans' product as compared to similar boards at higher costs". With this in mind, FSP ramping up their sales efforts and plans to integrate the ENA5031 Gigabit Ethernet Accelerator board into all their network solutions starting with clients such as the Zhejiang Province Police department.

This new order positions Perfisans for significant in-roads in the carrier and wireless broadband network solutions market within China. This will have a significant impact on Perfisans' sales within that region.

KEYWORDS: 10-Gigabit Ethernet, Gigabit Ethernet, PCI-Express, TCP/IP Offload, Network Interface Cards

ABOUT PERFISANS HOLDINGS INC.

Founded in 2001, Perfisans Holdings, Inc. is an emerging fabless semiconductor company focused on developing leading edge, cost-effective, system-on-chip (SOC) integrated circuits (IC) and delivering innovative solutions that address the performance needs of next generation network interface systems. Rapidly becoming recognized and endorsed by industry leaders for its innovative ASIC architectures, the Company's technologies have applications in data-telecommunication, storage networks, content delivery networks, broadband networks, and rich streaming media.

Commercial and private network systems that utilize Perfisans' true gigabit Ethernet accelerator products reward their operators with significantly faster network data throughput speeds, increased day-to-day operating efficiencies and enhanced bottom line performance. Enterprise operators also welcome Perfisans' full standards compliance and backward compatibility that makes possible significant systems performance upgrades to existing network systems at very low cost, by avoiding the necessity for operators to buy expensive additional equipment. In addition, Perfisans' unique, modular, micro-engine ASIC architectures yield industry leading performance in very small chip sizes, with low manufacturing costs. In contrast, leading competitive vendors have opted for over-kill, CPU intensive chip designs which deliver sub-par performance in costly, large chip sizes.

More information can be obtained from the Company's web site at www.perfisans.com.

Cautionary Statement

This press release contains statements relating to future results of Perfisans (including certain projections and business trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, but are not limited to: the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; successful development of new products; the timing of new product introductions; changes in product mix; product obsolescence; the availability of manufacturing capacity; fluctuations in manufacturing yields; pricing pressures and other competitive factors; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation; Perfisans' ability to attract and retain qualified personnel; as well as other risks and uncertainties, including those detailed from time to time in Perfisans' Securities and Exchange Commission filings. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

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