Represent IBM

MEDIA RELEASE

CALYPTECH TO REPRESENT IBM IN AUSTRALIA/NEW ZEALAND

MELBOURNE, Victoria, June 16, 2004 -- Calyptech, a leading Australian provider of complete electronic product development services, have signed a manufacturer's representative agreement with IBM, the world's leading information technology company, to represent IBM semiconductor products and services in Australia/New Zealand.

"With their deep understanding of microelectronics technology, strong customer focus and knowledge of the local industry, Calyptech can help develop interest in IBM semiconductor products and services with a new set of Australian and New Zealand customers," stated Cheng Hing Nan, Client Executive for ASEAN and South Asia, IBM.

"This agreement means we can now provide a more comprehensive range of design services to Australian and New Zealand companies" added Mitchel Fielding, Calyptech's Business Strategist. "It aligns perfectly with our strategy of developing partnerships with leading technology companies".

Supported by IBM's proven "best-practice" custom chip design methodologies, vast IP portfolio, and expertise in optimizing solutions for various industries, Calyptech have now positioned themselves as Australia's leading provider of complete electronic product development services.

About Calyptech

Calyptech (www.calyptech.com) is Australia/New Zealand's leading provider of complete electronic product development services. Combining strong technical expertise with sound market awareness, Calyptech will determine the most optimal solution for your success. Vastly experienced in developing first-to-market products globally, Calyptech reduce risks by applying rigorous design methodologies that identify and manage the risks inherent in the development of robust leading edge innovations. With tight cross-functional teams, world class facilities and readily accessible, prequalified IP cores, Calyptech will speed up your overall product development process, ensuring faster time-to-market.

About IBM

IBM is a recognized innovator in the chip industry, having been first with advances like more power-efficient copper wiring in place of aluminum and faster silicon-on-insulator (SOI) and silicon germanium transistors. IBM develops, manufactures and markets state-of-the-art semiconductor and interconnect technologies, products and services. Its superior integrated solutions can be found in many of the world's best-known electronic brands.

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