Santa Clara, CA, Mar. 7, 2003 - Bay Microsystems Inc., a leader in high performance Internetworking Processors and Traffic Managers, has been selected from a field of hundreds of candidates as a finalist in the EDN 2002 Innovation of the Year Awards competition. This exclusive awards program, sponsored by EDN Magazine, is dedicated to honoring truly outstanding engineering products in the electronics industry.

Products/technologies qualifying for a 2002 EDN Innovation award must have been introduced and commercially marketed from January 1, 2002 through December 31, 2002. Seventeen product/technology areas were eligible for consideration in addition to the Innovator of the Year award. A panel of EDN's technical editors selected finalist products in each category. Bay Microsystems had its Montego network processor, the industry’s only OC192c/Quad OC48c single-chip internetworking processor/traffic manager with integrated ATM SAR, selected in the Network Processors category. A complete list of finalists in all categories is appearing in the March 6, 2003 issue of EDN and on the EDN Access web site (www.edn.com).

Montego is the industry's only single-chip OC192c/10G internetworking processor/traffic manager and ATM SAR. It features a deterministic pipeline architecture that guarantees sustained line-rate performance up to 16 Gigabits per second for all traffic patterns and conditions across access, metro and long haul applications. Montego raises the industry bar by setting a new standard for network processing performance and functional integration.

Winners of the 2002 Innovation/Innovator of the Year Awards will be chosen by EDN's readers through an online ballot on the EDN Access Web site. You are encouraged to visit the EDN web site to review the magazine’s comments on Montego and cast your vote. Finalists will be honored and winning products will be announced at EDN's Innovation/Innovator Awards ceremony on April 22, 2003 at the Pan Pacific Hotel in San Francisco and published in the May 1, 2003 issue of EDN.

EDN, the premier design magazine of the electronics industry, is published by Reed Business Information. Headquartered in Newton, Massachusetts, EDN serves the vital information needs of design engineers and engineering managers worldwide. The EDN franchise includes EDN, EDN Europe, EDN Asia, EDN China, EDN Japan, and EDN Access, the only full-content EOEM publication and Web site.

Bay Microsystems, Inc. is a privately held, fabless communication IC Company. Bay's Internetworking Processor™ (InP) Family of programmable processing devices combines scalability, intelligence processing and ultra-high performance in highly integrated solutions. The InP™ Family includes Montego™, the industry's first single-chip highly integrated OC192c/10G Internetworking Processor, Traffic Manager and SAR. Bay's highly experienced management and world-class engineering team have three generations of proven expertise in architecture, implementation, deployment, marketing and management of network processing devices. For more information visit the website at www.baymicrosystems.com.

Bay Microsystems, Internetworking Processor, InP and Montego are trademarks of Bay Microsystems. All other company names are trademarks of their respective holders.