16e standards for the WiMAX mobile market .

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About SEMI
SEMI is a global industry association serving companies that develop and
provide manufacturing technology, materials and services used to make
semiconductors, flat panel displays (FPDs), micro-electromechanical systems
(MEMS) and related microelectronics.

Wavesat Receives $990 000 Contribution From NRC-IRAP

,
Skypoint Capital Corporation, Solidarity Fund QFL and Sunsino
Ventures Group.wavesat.

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16-2004 standard and to
help accelerate the introduction of these devices into the
marketplace.

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A number of both near-term and ongoing term collaboration
efforts are planned to accomplish these goals.

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Under the
terms of the agreement, Wavesat will develop a WiMAX chip meeting
IEEE 802.

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Si2 and SEMI Announce Partnership to Advance Design for Manufacturability in Integrated Circuits

Si2 will sponsor technical presentations and coordinate Si2 member
participation in the new EDA special exhibit area in the Emerging Technologies
Hall of SEMICON West 2005, the premier global semiconductor manufacturing
exposition to be held July 12-14, 2005 in San Francisco.

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About Wavesat

Founded in 1993, Wavesat Inc. is a fabless semiconductor company
focused on the development and supply of OFDM modem chips for WiMAX
compliant systems.

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Wavesat is a Principal member of the WiMAX Forum, a nonprofit
corporation formed to certify the compatibility and interoperability
of BW devices as specified in the IEEE 802.

For additional information about Wavesat, please visit its
website at www.com

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The funding will
be used in 2005/2006.

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News Editors

MONTREAL----

The funding will accelerate WiMAX mobile chip development.

"We are very pleased to partner with National Research Council
Canada as their help gives us strategic support for the rapid
development and implementation of a new chip," said Mark Netto,
Director Finance + Administration at Wavesat.

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Wavesat is a privately held company headquartered
in Montreal , Quebec, Canada, where it conducts research and
development activities.

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Wavesat Inc.

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Firms use these funds to develop
technology for new or significantly improved products, processes or
services , as well as to support initial demonstration and pilot
projects.

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Additionally, a new Design for Manufacturing (DFM) Workshop, to be held in
the fall of 2005 at SEMI offices in San Jose, will provide a forum for
semiconductor device manufacturing executives, chip designers, EDA suppliers
and equipment company executives to collaborate on DFM issues.

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NRC-IRAP delivers precommercialization assistance on behalf
of Technology Partnerships Canada/Industry Canada.

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SEMI maintains offices and hosts programs
and activities in every major microelectronics and display manufacturing
region around the world

About Si2
Si2 is an organization of over 70 industry-leading semiconductor , systems,
EDA and manufacturing companies focused on improving the way integrated
circuits are designed and manufactured in order to speed time-to-market,
reduce costs, and meet the challenges of sub-micron design.

accelerating semiconductor

AUSTIN, Texas and SAN JOSE, Calif., a fabless semiconductor developer of WiMAX chips,
has signed a contribution agreement with the National Research
Council's Industrial Research Assistance Program (NRC-IRAP) that will
provide the company with a contribution valued at $990,000 . It is a vital
component of the NRC, a cornerstone in Canada's innovation system,
regarded world -wide as one of the best programs of its kind.

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Finally, SEMI will participate in upcoming EDA events in partnership with
Si2, such as the Design Automation Conference to be held in Anaheim in mid-
June of this year and other areas of collaboration are currently being
discussed.

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, namely
tradeshows and standards; and collaborative research and development within
EDA, respectively -- are sufficiently distinct from each other that both SEMI
and Si2 are able to provide a unique value for each other's membership by
cooperation.

NRC-IRAP is Canada's premier innovation assistance program for
small and medium-sized Canadian enterprises (SMEs). Key investors include BDC Venture Capital,
Innovatech Montreal, Monet Capital, Pac-Link Management Corp.

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Si2 is uniquely
positioned to enable collaboration through a strong implementation focus. The
IRAP-Technology Partnerships Canada (TPC) program provides Canadian
SMEs with repayable financial assistance for projects at the
precommercialization stage.

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