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In accordance with
recommendations of the Audit Committee and in addition to the change in
revenue recognition methodology, the Board of Directors also has approved
taking remedial actions designed to enhance compliance with generally accepted
accounting principles, other applicable rules and regulations and principles
of corporate ethics.
Sipex serves the broad analog signal processing market with interface, power
management and optical storage ICs for use in automotive , portable products,
computing, communications, and networking infrastructure markets. The company
is headquartered in Milpitas, California with additional offices in Belgium,
Canada, China, Germany , Japan, Taiwan and the UK. These forward-looking statements include the
statements regarding the nature and scope of the Company's restatement of its
financial statements, the Audit Committee's ongoing internal investigation and
the taking of remedial actions.

The third annual list, which was compiled by international IP
practitioners, appears in the July/August issue of MIP., Gerhard Bauer of DaimlerChrysler AG and Michael Leathes of
BATMark Ltd.

Michael Leathes is head of intellectual property and a general manager at
BATMark Ltd, which owns more than 110,000 trademarks worldwide, one of the
largest portfolios in existence.org.

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S.

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For more information about Sipex, visit
http://www.

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This action is a
result of the findings of the Audit Committee's previously announced internal
investigation with the assistance of independent counsel and forensic
accountants and has been unanimously approved by the full Board of Directors. The Audit Committee expects to complete the investigation in the
coming weeks, and the Company intends to provide further detail regarding the
restatement as soon as it becomes available. VP of Finance
Phone: 408-934-7500
Fax: 408-935-7600

PRESS RELEASE INTA Members Named Among Most Influential in Intellectual Property

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Federal Trademark Dilution Act in support of famous
and well-known marks and confronting anti-IP views., a multinational company that owns 30 major
international brands and thousands of products, including Lipton, Dove and
Slim-Fast. He chairs the
trademarks and designs working group of the Union des Industries de la
Communaut Europenne (UNICE), and is a frequent speaker for the World
Intellectual Property Organization (WIPO), using his expertise working for
a global brand company to lobby for increased harmonization and a simpler
IP system.

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The Company had previously
recognized revenue on sales to all distributors other than Future Electronics,
the Company's largest distributor, using a sell-in methodology, pursuant to
which the Company recognized revenue upon shipment to its distributors less
estimated reserves for returns.

For the third year in a row, the president of INTA has made the list for
leading the largest and most influential trademark association in the
world.inta.

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Wallin
CFO + Sr.L. Mr. In addition, he works with the Pharmaceutical Trade
Marks Group (PTMG) and the Global Business Leaders Alliance Against
Counterfeiting (GBLAAC), and continues to spread awareness about the
hazards of counterfeiting. He has influenced alternative dispute
resolution (ADR) procedures while with INTA and is a member of the
Association's Panel of Neutrals.inta.

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Sipex Corporation Announces Approval of Change in Revenue Recognition Methodology and Restatement of Financial Statements

Mr."

For more information on INTA's Anticounterfeiting , Harmonization and
Mediation efforts, please visit the INTA website at www.org.

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These risks include , but are not limited to, additional actions
resulting from the continuing internal Audit Committee investigation, as well
as the review and audit by the Company's independent registered public
accountants of the restated financial statements, actions resulting from
discussions with or required by the Securities Exchange Commission, and that
any actions taken by the Company could adversely affect the Company's business
and operating results.
The International Trademark Association (INTA )
is pleased to recognize its four volunteer leaders who have been named
among the 50 most influential people in intellectual property by Managing
Intellectual Property Magazine (MIP). Ms.

INTA Secretary Richard Heath is head of trademarks and general trademark
counsel at Unilever P. Heath has also dedicated himself to anti-counterfeiting,
stressing the vital role brand owners play in protecting their brands from
illegal imitation.

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C.

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INTA Board member Gerhard Bauer is chief trademark counsel for
DaimlerChrysler AG.

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The Company's Audit Committee is continuing its internal investigation
with the assistance of independent legal counsel and forensic accounting
experts ."

The four INTA leaders are employed by major global brand owners. At BATMark he introduced
a highly successful ADR policy that decreased the firm's trademark
conflicts from 3,000 in 2001 to 1,600 today, providing a less expensive and
more efficient and effective method of resolving IP disputes .

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Leathes served as commentator for the
video "Resolution Through Mediation: Solving a Complex International
Business Problem," co-produced by INTA and the CPR Institute for Dispute
Resolution, which is available on INTA's website.

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C. Bauer has been in charge of the luxury
Mercedes-Benz brand since 1992 , and when the companies merged in 1998 he
assumed responsibility for the famous Chrysler brand as well.

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MILPITAS, Calif.
Sipex announced on March 10, 2005 that, as the result of its Audit
Committee's ongoing internal investigation of the Company's financial and
transactional records , the Company expected to restate its financial
statements for the fiscal year ended December 31, 2003 and the fiscal quarters
ended April 3, 2004, July 3, 2004 and October 2, 2004 due to improper
recognition of revenue during these periods on sales for which price
protection, stock rotation and/or return rights and other concessions were
granted. There can be no assurance that financial statements for
additional periods will not be required to be restated, or that remedial
actions taken will not adversely affect the Company's business or operating
results.

About Sipex
Sipex Corporation is a semiconductor company that designs, manufactures
and markets high performance , value-added analog integrated circuits (IC).

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The adoption of the sell-through revenue recognition method will be
applied retroactively, and the Company's Audit Committee and Board of
Directors have approved the restatement of the Company's financial statements
for the fiscal year ended December 31, 2003 and the fiscal quarters ended
April 3, 2004, July 3, 2004 and October 2, 2004 using the sell-through
methodology. These statements are just predictions and
involve risks and uncertainties , such that actual results may differ
significantly. Mr.

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Through
their volunteer efforts with the Association, these individuals have
dedicated themselves to advancing trademark owners' rights around the
world.
"Many of the initiatives the Association has undertaken have been through
their efforts.

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Using the sell-through revenue recognition methodology, the Company will not
recognize sales into distribution channels until the Company's distributors
have sold the products to their customers.

Forward-Looking Statements
This press release contains forward-looking statements, as defined under
Federal Securities Laws.

For Further Information Contact:

Clyde R.

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According to James
Nurton, Editor of MIP, "To be named to the list, practitioners had to
exercise current influence beyond their occupation and country,
volunteering their time with other organizations and truly participating in
the advancement of intellectual property rights on a global level.

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, Sipex Corporation
(Nasdaq: SIPXE) announced today the adoption of a sell-through revenue
recognition method for the Company's sales to distributors. Gundelfinger's goal
is to increase public awareness on the importance of brands to economic
prosperity and growth.

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L. He has
advocated for ADR around the world and is working to change the mindset of
both corporate and legal IP professionals toward the use of ADR as an
effective business tool.

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com. This year's INTA President, Anne Gundelfinger, associate general
counsel for Intel Corporation, was chosen both for her work with INTA and
for her efforts on behalf of Intel, the fifth most valuable brand in the
world .

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Sipex sells products direct
and through its distribution channels.sipex. Ms Gundelfinger leads major international efforts supporting global
trademark rights, which include directing specific attention toward an
intensive anti-counterfeiting and enforcement campaign, pursuing revisions
to the U. For more information on the Association and its
goals, visit www.

Philosophical Practice category includes links related to both Philosophical Consulting and Philosophical Counseling as well as other related areas of Philosophical Practice.

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They are Anne Gundelfinger of Intel Corporation, Richard Heath of
Unilever P.

"These four people contribute enormously to INTA's efforts to protect
intellectual property," says Alan Drewsen, executive director of INTA.

About INTA

The International Trademark Association (INTA), founded in 1878, is an
association of more than 4,700 member companies and firms from more than
180 countries, dedicated to the support and advancement of trademarks and
related intellectual property as elements of fair and effective national
and international commerce .

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