SANTA CLARA, CA – April 5, 2006 – Enigma Semiconductor, an emerging leader in integrated switching technology for networks carrying voice, data and video, today announced that Red Herring has named The Company among the top 200 contenders for its annual "Red Herring 100 North America" list. More than 1,000 privately held technology companies were considered for this prestigious award program that recognizes innovative, entrepreneurial companies that are creating the greatest business opportunities in the industry.

"Among the hype of the coolest gadgets, the ability to solve the underlying technology issues with innovative solutions is still at the core of what makes a good technology company great," said Rob Sturgill, president and CEO of Enigma Semiconductor. "We are honored that Red Herring has recognized Enigma Semiconductor's potential as a technology innovator. Enigma is committed to building the infrastructure for powerful next-generation network infrastructures that support triple play services and in turn enable tomorrow's coolest gadgets."

"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to chose from in putting our list together," said Joel Dreyfuss, Editor-in-Chief of Red Herring. "It was difficult to choose the 200 finalists and we are very happy with the stellar quality of the companies on this short-list."

Enigma's HybriCore integrated switch architecture has been developed to meet the demands of next-generation triple play networks, providing a powerful, cost effective and flexible merchant silicon solution for network and communication equipment providers. The first scalable switching architecture to deliver both cell switching and native packet switching across the system backplane, HybriCore delivers more than 280 Gbps per switch. This means network equipment providers can guarantee the delivery of 2 Terabits of non-blocking traffic across a system backplane for their 10- and 40-Gigabit products designed for service provider and enterprise networks. The Company plans to announce availability of its chipset in the second quarter of 2006.

Red Herring Spring 2006 CEO Summit

As part of its tradition to honor innovation and entrepreneurship in the business of technology, Red Herring will again host "Red Herring Spring," a two day invitation-only summit for the CEOs and founders of the Red Herring 100 winners and finalists in Monterey, Calif. As one of the finalists, Enigma President and CEO Rob Sturgill will join the Red Herring Spring CEO Summit held May 23-25 in Monterey, Calif. The summit provides an opportunity for the technology industry's most-innovative CEOs, venture financiers, and corporate strategists to gather to discuss major trends and opportunities and to explore partnerships, alliances, investments, and M&A activities. Further information regarding the event and how to register is available at www.herringevents.com/rhspring06.

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