Cogency Appoints Vice President of Research and Development Former Nortel Networks executive will drive strategy for next generation home networking technology

OTTAWA/TORONTO, Ontario - June 18, 2001 - Cogency Semiconductor, a leading provider of semiconductors for the rapidly growing home networking market, today announced the appointment of Wayne Getchell as Vice President of Research and Development. Based in Ottawa, Mr. Getchell will drive the strategic direction of Cogency's next generation home networking technology. The appointment is effective immediately and reflects Cogency's continued growth and leadership in the powerline home networking industry.

"Being a home networking enthusiast, I immediately recognized the outstanding technology vision and market opportunity that Cogency is pursuing," said Mr. Getchell. "I'm very excited to be joining this team and believe that Cogency has the right management expertise and business strategy to successfully deliver its products to market."

Mr. Getchell has over 20 years of experience in the design of integrated circuits, in-building wireless services, and network architecture. Prior to joining Cogency, he lead numerous engineering teams in communication technologies at Bell Northern Research and Nortel Networks. Most recently he led the Local Internet Architecture Team which developed simultaneous voice, video and data network architectures. As Director of High Speed Wireline Technology Development, Mr. Getchell spearheaded the development of DMT modems including ADSL and VDSL versions. His career in networking also includes executive positions at Bell Northern Research.

"We are delighted to welcome Wayne to our senior management team," said Ron Glibbery, President and CEO of Cogency. "He brings an outstanding professional reputation and tremendous experience to our research and development team. I look forward to working with Wayne to continue the dynamic development of our home networking technologies."

This appointment continues a period of rapid growth for Cogency. The company has doubled in size in the last year and plans to expand office space later this summer. Cogency's integrated circuits offer a robust, cost-effective, high-speed technology solution for networking, entertainment and computer products. When designed with the Cogency chip, digital devices provide consumers with all the benefits of home networking. About Cogency Semiconductor Cogency designs and markets high-performance semiconductors for the home-networking market. Cogency's broad system-level expertise, coupled with its core OFDM and IC design experience, provide the key building blocks necessary to develop standards-based semiconductors for in-home networking over powerlines and future wireless products. Founded in 1997, Cogency is a privately held company with design centers in both Toronto and Ottawa.

Cogency is the first adopter company of the HomePlug Powerline Alliance, a not-for-profit corporation formed to create a standard specification for high-speed home-networking products and services. In October 2000, Keith Riley, Cogency's Vice President of Engineering, was appointed to chair the Alliance's specifications working group.

For more information on the company, please visit www.cogency.com.