Contact:  Sue Watkins, ShareWave, Inc.
(916) 939-9400, x3249, swatkins@sharewave.com

David Smith, ShareWave, Inc.
(916) 939-9400, x3214, dsmith@sharewave.com

Chris Matsumoto, Kyushu Matsushita Electric Co., Ltd.
+81 (92) 477-1427, matsumotoy@4dwh2.kme.mei.co.jp

ShareWave And Kyushu Matsushita Partner To
Create Leading Edge Home Networking Products

ShareWave Digital Wireless technology to be incorporated into future Panasonic consumer products.

FUKUOKA, JAPAN and EL DORADO HILLS, CA (May 17, 1999)-ShareWave, Inc., an ingredient supplier of multimedia-capable wireless home networking technology, today announced an agreement with Kyushu Matsushita Electric, Co. (KME) to create high-speed, low-cost home networking products for the consumer market. KME, one of the world's leading producers of electronic and electric products for consumers, has teamed up with ShareWave in order to bring innovative home networking products to market later this year. Under this agreement, both companies will contribute technology and collaborate on product design for home networking devices that will be marketed by KME. These products will initially operate at 11 Mbps, making them the fastest home networking solutions available. Higher speeds beyond 11 Mbps will be supported in the future. Specific details on these products will be announced later this year.

"The opportunity to connect consumer devices in the home is a market with enormous potential," said Akitoshi Aritaka, Director of Kyushu Matsushita Electric's Telecom Research Laboratory. "By partnering with ShareWave and incorporating their technology, we will be able to deliver high performance networking solutions to consumers at affordable price points."

ShareWave's technology focus is on high bandwidth, multimedia-capable wireless networking technology that supports digital, interactive multimedia content delivery to devices throughout the home. ShareWave has developed a portfolio of technologies called ShareWave(tm) Digital Wireless that delivers these capabilities. ShareWave's strategy is to sell ShareWave Digital Wireless technology to consumer product manufacturers who will embed this technology within their computer and consumer electronics devices.

"We are very excited to be working with such a worldwide leader in the consumer electronics arena," said Jim Schraith, ShareWave President and CEO. "By incorporating ShareWave's technology, KME can deliver networked devices that allow consumers to access the digital content and capabilities they want, when and where they want it."

About ShareWave Digital Wireless
ShareWave Digital Wireless is a portfolio of technologies that enables real-time multimedia-capable digital wireless connections among a variety of devices throughout the home. Devices built using ShareWave Digital Wireless are capable of sharing multimedia content including full-motion video, CD quality audio, voice, and data. These devices can also share external high-speed connections, as well as local capabilities such as processing power, storage and peripherals. ShareWave Digital Wireless is the only technology that offers the high communication throughput of dedicated wired solutions combined with the convenience, flexibility and mobility of wireless solutions.

"The partnership between these two industry leaders will surely yield a portfolio of products that provides attractive home networking solutions to consumers," said Boyd Peterson, Vice President with the Yankee Group in Boston, MA.

About Kyushu Matsushita Electric Co., Ltd.
Established in Fukuoka, Japan in 1955, Kyushu Matsushita Electric Co., Ltd. , a subsidiary of Matsushita Electric Industrial Co., LTD., is one of the world's leading producers of electronic and electric products for consumer, business, and industrial use. A wide variety of KME products including cordless phones, telephone answering systems with facsimile, Private Branch Exchanges (PBXs), and color laser printers are marketed under Panasonic brand-name. KME's vision is to establish a Digital Home Network. Additional information on Kyushu Matsushita Electric Co., Ltd. can be accessed via the company's web site at www.kme.panasonic.co.jp.

About ShareWave
Founded in September 1996, ShareWave, Inc., is an ingredient supplier of multimedia-capable digital wireless home networking technology to the leaders of the computing, consumer electronics, and networking industries. ShareWave's vision is to establish a high-speed, multimedia-capable digital wireless network in the home that provides consumers with unrestricted access to the digital content they want, where and when they want it. ShareWave is privately held with its headquarters in El Dorado Hills, CA. ShareWave has received funding from Ameritech Corporation, APV Technology Partners, Cisco Systems, Draper Richards, L.P., Intel Corporation, Microsoft Corporation, Philips Electronics NV, SOFTBANK Technology Partners, Vulcan Ventures, Inc., and other public and private investors. Additional information on ShareWave can be accessed via the company's web site at www.sharewave.com.

Copyright 1999 ShareWave, Inc. All rights reserved. ShareWave, ShareWave Digital Wireless, Whitecap, NAMI, Cresta, the Multimedia Furnace, and the "Magic Box" design mark are trademarks of ShareWave, Inc. in the United States and foreign countries. All other marks referenced are those of their respective owners.