MeshNetworks Teams with ITOCHU Corporation to Bring Wireless Peer-to-Peer Networking to Japan

Orlando, Fla.-October 15, 2001-MeshNetworks, Inc., a leading developer of mobile broadband networking technology, today announced it has signed an agreement with ITOCHU Corporation's Aerospace, Electronics & Multimedia Division to market MeshNetworks' mobile Internet solutions in Japan. Under the terms of the agreement, ITOCHU will assist in introducing and promoting MeshNetworks' technology in Japan. The companies will establish joint marketing initiatives leveraging the vast market knowledge and contacts ITOCHU commands in Japan.

"Japan is a worldwide leader in wireless communications and has a successful history of early adoption of new technology," said Masood Garahi, Chairman and CEO of MeshNetworks. "For us to have the opportunity to team with a powerhouse like ITOCHU means we can get our technology into the hands of Japanese consumers much sooner."

MeshNetworks' patented technology allows mobile devices, such as personal digital assistants (PDAs), mobile phones, and personal computers to network through each other so that the devices become part of the network. MeshNetworks achieves this through a next-generation wireless communications system based on its own proprietary and patented Quad-Division Multiple Access (QDMA™) technology, which provides IP-based multimedia services (voice, data, video and precision location) to mobile personal Internet devices as well as last-mile connectivity for fixed networks.

"We have built our company by identifying early the key technologies for the future," said Hiroo Inoue, general manager, ITOCHU Corporation's Aerospace, Electronics & Multimedia Division. "We share MeshNetworks' vision of the profound changes this technology will offer carriers in Japan and around the globe."

About MeshNetworks, Inc.
MeshNetworks, Inc. is poised to deliver mobile broadband IP-based, peer-to-peer (p2p) network solutions through a revolutionary ad hoc self-forming/self healing, distributed architecture that allows wireless devices to become the network. MeshNetworks' architecture is the first flexible and scalable wireless solution that can maximize performance, and bandwidth efficiency for the wireless Internet. MeshNetworks addresses the most pressing needs of the wireless industry to enable towerless, seamless, and flexible high-bandwidth wireless services at speeds of up to 6 Mbps including QoS managed data, voice, video, as well as geo-positioning. Maitland, Fla.-based MeshNetworks has received funding from Redwood Ventures, BancBoston Ventures, Inc., 3Com Ventures, ITT Industries, and Apax Partners.

About ITOCHU Corporation
As a leader among Japan's general trading companies, ITOCHU is a globally integrated corporation with offices in over 80 countries and operations that cover a broad spectrum of industries. Annual trading revenues of approximately US$100 billion place ITOCHU among the world's largest corporations of any type. Its Aerospace, Electronics & Multimedia Division has a prominent and dynamic presence in all key fields, including networks, satellites, content, mobile multimedia and the Internet. It maintains a Web site at www.itochu.co.jp

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