Ensphere Solutions Secures $4 Million Investment from Ideavelopers

New Investment Will Fuel Future R/D, and Rapid Commercialization of "Light Peak"
Transceivers
SANTA CLARA, Calif.--(Business Wire)--
Ensphere Solutions, an emerging leader in advanced communications semiconductor
ICs, received a $4 million investment from Ideavelopers in August of 2009.
Ideavelopers is a pioneer in high-technology investment in Middle East and
manages Egypt`s first technology venture capital fund "The Technology
Development Fund".

"We are extremely excited about our partnership with Ideavelopers" said Hessam
Mohajeri, Chief Executive Officer of Ensphere Solutions. "Ideavelopers`
investment will help us to expedite our product development and rollout plans.
In addition to financial backing, we can tremendously benefit from Ideavelopers`
experience and industry contacts".

"We are proud to be engaged with one of the most promising emerging
semiconductor companies addressing the optical market," said Ahmad Gomaa CEO of
Ideavelopers. "Ensphere has aggressive plans to launch a portfolio of exciting
optical products including transceivers ICs for Intel`s Light Peak technology.
Light Peak will have an enormous market footprint reaching applications such as
PCs, peripherals, workstations, displays, mobile handsets, docking stations, and
more. Ensphere is well positioned to reap benefits from this exciting market".

Light Peak is an emerging fiber optics-based interconnect technology architected
by Intel Corporation. It has been designed to support data rates up to 10 Gb/s
with the potential of reaching 100 Gb/s over the next decade. This technology
has shattered size, cost, and power barriers making it the first optical
connectivity technology suitable for mainstream applications.

In addition to Light Peak transceivers, Ensphere has a diverse product portfolio
addressing front-end physical layer chips for various optical and copper
interfaces. These products include Limiting Amplifiers (LA), Transimpedance
Amplifiers (TIA), Clock/Data Recovery devices, and Laser Drivers for various
interfaces with date rates of 1 Gb/s to 40 Gb/s.

About Ensphere Solutions:

Ensphere Solutions, Inc. is a privately held fabless semiconductor company
headquartered in Santa Clara, California with a design center in Cairo, Egypt.
Ensphere develops and markets semiconductor products for various optical
interfaces used in mainstream applications in communication, consumer
electronic, and computing markets. In addition to chip-level products, Ensphere
has offered design services and intellectual properties (IPs) to its strategic
customers.

About Ideavelopers:

Founded in 2001, Ideavelopers, a subsidiary of EFG-Hermes, and fund advisor for
The Technology Development Fund, partners with technology entrepreneurs to
greatly increase their chance of success. Ideavelopers` priority is to support
entrepreneurs and early-stage business by providing quality venture development
services. Ideavelopers has already participated in the funding of 40
technology-driven companies on behalf of its investment partnerships.

Ideavelopers brings together the resources, experience, and strategic
relationships needed to build the next generation of leading technology
companies. We take companies through the entire business process, from the
inception of an idea through to the creation of a business built on a solid
foundation. Whether Ideavelopers provides advice on fine-tuning business plans,
investment money, intensive guidance, or executive recruiting, Ideavelopers is
here to help improve the rate of success.

Ideavelopers
Tania Hamilton, + 202. 3534. 6064
Marketing Officer
thamilton@ideavelopers.com
or
Ensphere Solutions, Inc.
Al Gharakhanian, + 408 850 3520
agharakhanian@enspheresolutions.com

Copyright Business Wire 2009