MathStar prepares FPOA technology package for purchase

JANUARY 27, 2009--Core Capital's Electronics and Semiconductor Group, an investment banking firm, announced that its client MathStar has prepared its technology for purchase.

JANUARY 27, 2009--Core Capital's Electronics and Semiconductor Group, an investment banking firm, announced that its client MathStar has prepared its technology for purchase. MathStar (Hillsboro, OR, USA; www.mathstar.com), a fabless semiconductor company specializing in high-performance programmable logic, is finalizing its field-programmable object array (FPOA) technology and intellectual property package for sale. Arrangements have been prepared to assist prospective buyers to evaluate the opportunity, including a webinar, a private "data room" web portal, and access to key creators of the technology.

MathStar began its sales efforts in early October 2008, when it signed with the Core Capital Electronics and Semiconductor Group (ESG; Colorado Springs, CO, USA; www.esgibank.com) to complete a strategic sale of MathStar's technology and intellectual property. After receiving customer feedback on its second-generation products, the Arrix MOA2400, MathStar continued work to make its FPOA technology easier to use, develop, and deploy. The latest version of the technology, the Arrix MOA3600, had been designed and was close to final tapeout when MathStar curtailed its development work on it. This updated IP, along with the current production products, are now ready for sale, including design documentation to take the purchaser to the next step.

MathStar is now offering a webinar-based demonstration that enables real-time displays of the updated Arrix MOA3600 design tools. The webinar is available to parties interested in evaluating the company, its IP, and technology.

Additionally, MathStar has created an online data room containing a number of detailed architecture, design, and application documents to assist prospective buyers in understanding the technology. Included in the data room is detailed information that has not previously been announced by MathStar, including:

a) A family of two FPOA products designed for TSMC 90-nm CMOS, each of which includes 600 object arrays (3600). One product family is optimized for very high-bandwidth video processing and the other for very high-speed data processing.

b) The introduction of a high-performance Sum of Absolute Differences (SAD) object that enables predictive motion computations for video-processing and image-processing applications.

c) Advancements in the programming tools environment, based on an industry standard platform.

Prospective buyers can attend the webinar or access the online data room by contacting Loren Lancaster at 719-598-4680, or by email llancaster@corecapital.net.

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