San Jose, CA, November 8, 2004 - Foundry Networks,® Inc. and Chelsio Communications today announced they have formed an alliance to cooperate in developing and delivering high-performance computing (HPC) solutions as part of Foundry's HPC Ethernet Alliance Program. Foundry's HPC Ethernet Alliance Program is designed to accelerate deployment of high-performance Gigabit Ethernet and 10-Gigabit Ethernet (10-GbE) solutions within the HPC community. As part of the program, Foundry will work closely with Chelsio to deliver standards-based, high-performance HPC solutions for high-speed networking applications.

As part of the Foundry HPC Ethernet Alliance Program, Foundry and Chelsio Communications will work together in the following areas:

• Interoperability testing and benchmarking of Foundry's Ethernet switches with Chelsio's 10 Gigabit Ethernet adapters to provide customers with seamless integration and end-to-end performance measurements. Independent performance benchmarking of Foundry's 10 Gigabit Ethernet switches and Chelsio's T110 10 Gigabit Ethernet adapters conducted by VeriTest, Inc. demonstrated the industry-leading performance capabilities of this end-to-end solution.
• Cooperative marketing to promote the use of 10-GbE in HPC environments
• Cross training on the benefits of an integrated, solutions-based HPC networking approach

In October 2004, Foundry and Chelsio Communications were two of several technology providers that cooperated with leading research organizations to create the world's longest native 10 Gigabit Ethernet connection, from the Japanese Data Reservoir project to the CERN research center in Geneva, Switzerland, spanning approximately 18,500 km and 17 time zones. The connection used 10 Gigabit Ethernet switching and WAN PHY technology from Foundry and Chelsio's T110 10 Gigabit Ethernet adapters with programmable, high-performance TCP/IP offload.

"Chelsio has established its leadership position as the only supplier today shipping 10 Gigabit Ethernet adapters with full TCP/IP offload and iSCSI acceleration, delivering superior value in high-performance computing applications" said Kianoosh Naghshineh, president and CEO of Chelsio Communications. "Together with Foundry Networks, a recognized leader in 10 Gigabit Ethernet switches, we are delivering huge performance gains and cost savings to enterprise data centers and cluster computing environments."

"Ethernet is becoming the interconnect of choice for a new generation of high-performance networks, from massively parallel processing supercomputers to commodity clusters and grids built with affordable, off-the-shelf components. As a leading provider of high-performance, low-latency network infrastructure to many leading supercomputing sites around the world, Foundry is working with Chelsio to bring the benefits of Ethernet to the high-performance computing community," said Ken Cheng, vice president and general manager of the Layer 2/3 Switching and Routing Solutions Business Unit for Foundry. "With the HPC Ethernet Alliance Program, we are formalizing our longstanding commitment to work with partners to deliver the highest-quality, tested and proven networking solutions to simplify deployments, and ultimately help customers spend less time building and managing their networks and more time on their primary scientific and business mission."

Foundry and Chelsio Communications will be demonstrating their joint solutions for the HPC market at the Supercomputing 2004 tradeshow, which opens this week in Pittsburgh, PA.

About Chelsio Communications
Chelsio Communications is leading the convergence of networking, storage and clustering interconnects with its robust, high-performance and proven protocol acceleration technology. Featuring a highly scalable and programmable architecture, Chelsio is shipping 10-Gigabit Ethernet adapter cards with protocol offload, delivering the low latency and superior throughput required for high-performance computing applications. For more information, visit the company online at www.chelsio.com.

About Foundry Networks

Foundry Networks, Inc. (NASDAQ: FDRY) is a leading provider of high-performance enterprise and service provider switching, routing, security and Web traffic management solutions, including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, metro routers and core routers. Foundry's customers include the world's premier ISPs, metro service providers, and enterprises, including e-commerce sites, universities, entertainment, health and wellness, government, financial and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynet.com.

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