FOR IMMEDIATE RELEASE

SiBEAM, Inc., Joins Fabless Semiconductor Association

SUNNYVALE, Calif. – Arpil 18, 2007

– SiBEAM, Inc., a developer of high-speed wireless communication platforms, today announced its membership with the Fabless Semiconductor Association (FSA), the voice of the global fabless business model.

FSA aims to positively impact the growth and return on invested capital of the global fabless business model by providing a platform for meaningful global collaboration between fabless companies and their partners. By joining FSA as an associate member, SiBEAM will contribute to the association’s initiative on educating the industry and enabling fabless companies to gain greater market share and success.

SiBEAM is developing intelligent millimeter wave technologies leveraging the latest manufacturing methods to meet the demand for high-bandwidth services. SiBEAM’s core technology focuses on increasing reliability and reducing the cost of building high speed wireless for a new generation of wireless technology.

About SiBEAM, Inc.

Founded in 2004, SiBEAM is a fabless semiconductor company developing intelligent millimeter wave technologies and leveraging the latest manufacturing methods to meet the demand for high-bandwidth services. SiBEAM is the first to build 60 GHz chipsets using CMOS technology. SiBEAM is a founding member of the WirelessHD™ special interest group and intends to support delivery of the first wireless high definition digital interface for A/V networks, the first of many applications for SiBEAM's innovative technology. For more information please visit:

www.sibeam.com.

About FSA.

FSA is the voice of the global fabless business model. Incorporated in 1994, FSA positively impacts the growth and return on invested capital of this business model to enhance the environment for innovation. It provides a platform for meaningful global collaboration between fabless companies

and their partners; identifies and articulates opportunities and challenges to enable solutions; and provides research, resources, publications and survey information. Members include fabless companies and their supply chain and service partners, representing more than 21 countries across the globe. www.fsa.org

Contacts:            Pamela Njissang for SiBEAM, Inc. ,
                           415-397-7600, pnjissang@stearnsjohnson.com