WiSpry's RF-MEMS Capacitors and Founding CEO Among AEA’s Award Finalists

Irvine, Calif., May 22, 2007 —WiSpry, Inc., the fabless semiconductor company developing low-cost, high-performance radio frequency micro-electro-mechanical systems (RF-MEMS) tunable components and modules for the wireless industry, today announced that its RF-MEMs capacitors were finalists in the Innovative Product – Semiconductor category and founding president and CEO, Jeffrey Hilbert, was a finalist for Outstanding Private Company CEO at the 14th annual American Electronics Association (AeA) Orange County High-Tech Innovation Awards & Technology ceremony. Each year the AeA Orange County Council honors the county’s top technology companies and executives for excellence in innovation and leadership.

Utilizing the Company’s core competency in radio frequency micro-electro-mechanical systems (RF-MEMS) technology, WiSpry’s products create revolutionary wireless architectures enabled by the cost-effective integration of reconfigurable RF front-ends in cellular phones. The Company’s high performance, MEMS-based RF capacitors use its innovative silicon MEMS technology. These RF applications include mode selection, antenna tuning and diversity selection facilitating the creation of re-configurable front end modules for current generation and next generation “global” phones, mobile wireless subsystems and wireless base stations.

As a founder of WiSpry, Jeffrey Hilbert helped launch this cutting-edge company, utilizing his 25 plus years of semiconductor and MEMS industry technical and management experience at top companies across the U.S. He utilized his extensive involvement with communications products at both the component and system level to effectively lead and spear-head the Company’s MEMS-based products.

“Being recognized as a finalist for these two prestigious awards among our peers in the Orange County business and technology community represents another significant step in the validation of this cutting-edge technology and the accomplishments of one of our key executives,” said Russell Garcia, president and CEO of WiSpry. “It is an honor for an organization, such as AeA to recognize the value of WiSpry’s RF-MEMS capacitor devices and of one of our founding executives.”

“In its fourteenth year, the AeA High Tech Innovation Awards have attracted some of the most distinguished technological innovations that the county has to offer,” said Timothy Jemal, executive director of AeA Orange County Council. “It is the outstanding advances being made in Orange County combined with this tremendous interest that enables AeA to accomplish its mission of uniting the brightest minds in the technology community and honoring the outstanding achievements of companies and executives.” WiSpry was recognized alongside other finalists in the category of Innovative Product at an awards ceremony held at the Fairmont Hotel in Newport Beach, Calif. on Thursday, May 10, 2007 that drew nearly 600 luminaries from local high-tech companies, financial and government institutions, as well as academic leaders, educators, students, investors and media affiliates. The theme of the awards, “The Race to Innovate,” focused on the global competitive challenges facing America today.

About AeA
AeA is the largest high-tech trade association in the U.S. and represents all segments of the technology industry. Its mission is to help its member companies grow and improve their business. AeA represents 2,500 companies with 1.8 million employees. In Orange County & the Inland Empire, AeA represents 140 member companies with worldwide revenue of more than $8 billion and more than 160,000 employees in the United States and globally. Information on the Orange County & Inland Empire Council can be found at www.aeanet.org/orangecounty.

About WiSpry
WiSpry, headquartered in Irvine, Calif., designs and markets RF Silicon integrated circuits, components and modules to radio frequency (RF) system manufacturers of mobile phones, laptops and mobile data communications products. Utilizing the Company’s core competency in RF micro-electro-mechanical systems (RF-MEMS) technology, WiSpry creates revolutionary wireless products enabled by the cost-effective integration of RF-MEMS and advanced semiconductor circuitry to create ‘System on Chip’ MEMS-based RF architectures. WiSpry tunable RF-MEMS devices permit the development of reconfigurable RF front-ends and enable system designers to achieve the architectural innovation required to meet the growing challenges of mobile communications networks. Investors in the company include American River Ventures, Blueprint Ventures, Hotung Capital Management, L Capital Partners, Shepherd Ventures, In-Q-Tel, Sid R. Bass Associates and The Tech Coast Angels. For more information, visit www.WiSpry.com.

—WiSpry, Inc., the fabless semiconductor company developing low-cost, high-performance radio frequency micro-electro-mechanical systems (RF-MEMS) tunable components and modules for the wireless industry, today announced that its RF-MEMs capacitors were finalists in the Innovative Product – Semiconductor category and founding president and CEO, Jeffrey Hilbert, was a finalist for Outstanding Private Company CEO at the 14th annual American Electronics Association (AeA) Orange County High-Tech Innovation Awards & Technology ceremony. Each year the AeA Orange County Council honors the county’s top technology companies and executives for excellence in innovation and leadership.

Utilizing the Company’s core competency in radio frequency micro-electro-mechanical systems (RF-MEMS) technology, WiSpry’s products create revolutionary wireless architectures enabled by the cost-effective integration of reconfigurable RF front-ends in cellular phones. The Company’s high performance, MEMS-based RF capacitors use its innovative silicon MEMS technology. These RF applications include mode selection, antenna tuning and diversity selection facilitating the creation of re-configurable front end modules for current generation and next generation “global” phones, mobile wireless subsystems and wireless base stations.

As a founder of WiSpry, Jeffrey Hilbert helped launch this cutting-edge company, utilizing his 25 plus years of semiconductor and MEMS industry technical and management experience at top companies across the U.S. He utilized his extensive involvement with communications products at both the component and system level to effectively lead and spear-head the Company’s MEMS-based products.

“Being recognized as a finalist for these two prestigious awards among our peers in the Orange County business and technology community represents another significant step in the validation of this cutting-edge technology and the accomplishments of one of our key executives,” said Russell Garcia, president and CEO of WiSpry. “It is an honor for an organization, such as AeA to recognize the value of WiSpry’s RF-MEMS capacitor devices and of one of our founding executives.”

“In its fourteenth year, the AeA High Tech Innovation Awards have attracted some of the most distinguished technological innovations that the county has to offer,” said Timothy Jemal, executive director of AeA Orange County Council. “It is the outstanding advances being made in Orange County combined with this tremendous interest that enables AeA to accomplish its mission of uniting the brightest minds in the technology community and honoring the outstanding achievements of companies and executiv