Matsuchita and Flash Enter Partnership to Provide Optimized Solutions

HOLMDEL, N.J. (July 16, 2001) – Flash Networks, Inc., a global provider of wireless and satellite data infrastructure products to carriers and enterprises, announced today that it has signed a partnership agreement with Matsushita Inter-Techno Co., Ltd., (MITC). Under the terms of the agreement, Flash Networks’ NettGain product lines will be distributed by MITC to provide their customers with optimized wireless and satellite solutions. In addition to delivering overall improvements in the speed and reliability of data transmission, NettGain will provide MITC customers with an enhanced Internet browsing experience while providing fast access to a variety of secure sites.

Flash Networks flagship solution, NettGain, enables Internet applications such as Web and e-mail to perform efficiently in wireless and satellite environments. Through Flash Networks’ patent-pending BST (Boosted Session Transport) and Wireless BST protocols, which optimize data flow using various adoptive flow-control mechanisms, NettGain delivers data transmission speeds that are up to six times faster than standard wireless transfer control protocol (TCP).

“Network performance is vital to success for operators and enterprises,” said P.K. Prasanna, president of Flash Networks, Inc. and chief operating officer. “Partnering with MITC will have a major impact in the distribution of Flash’s NettGain product line in Japan and enable MITC to support their customers who need bandwidth optimization and data acceleration solutions."

Katsushisa Kawasaki, president of Matsushita Inter-Techno, stated, “Our mission is to introduce new technologies and to provide world-leading products for Japanese customers. Over the past year, we have been searching for innovative vendors in wireless and satellite communication as well as in wireless Internet business. The various Flash Networks solutions meet our requirements exactly.”

About Matsushita Inter-Techno Co., Ltd.
Matsushita Inter-Techno (MITC), established in 1974 and headquartered in Tokyo, is a 100 percent division company to Matsushita Electric (Panasonic). MITC’s mission is to import high-tech products from foreign countries, to distribute those products in Japan, to provide customer service in the market and to develop related hardware and software to be tailored to customers’ requests. To provide an advanced technology and information interface between foreign companies and Japanese customers has always been our motto and attitudes throughout the history of the company. MITC’s customers are not only Matsushita group companies but also a lot of Japanese industrial manufacturers as well as government and educational institutions.

About Flash Networks
Flash Networks develops and markets products to accelerate TCP/IP applications over wireless and satellite networks, enabling dramatic improvements in network capacity and performance. The NettGain product portfolio, available as a client/server or clientless solution, supports a wide range of architectures, infrastructures and client devices including Windows, Windows CE, Handhelds and PDAs. Its unique technologies, including protocol acceleration, compression and application-specific enhancements, provide a competitive advantage to implementers of wireless and satellite solutions.

Founded in 1996, the company has customers in North America, Europe and Asia and maintains offices in Herzelia, Israel and Holmdel, N.J., USA. Additional offices are being established in Europe and East Asia. For more information, visit www.flashnetworks.com or call 1-800-526-4060.