COLIBRYS SA, FINALISES SECOND FINANCING ROUND

Neuchatel, Switzerland, November 20, 2002 --Colibrys SA, Europe leading independent MEMS manufacturer, announced today the successful completion of second round financing, raising a total of $10 million in venture capital funding. All existing VC investors partcipated in this round: aventic, Banexi Ventures, Banque Cantonale Vaudoise, Intel Capital, TAT Investments and attracted new investment from Innoventure Capital an associate of Credit Suisse.

Neuchatel, Switzerland, November 20, 2002 --Colibrys SA, Europe leading independent MEMS manufacturer, announced today the successful completion of second round financing, raising a total of $10 million in venture capital funding. All existing VC investors partcipated in this round: aventic, Banexi Ventures, Banque Cantonale Vaudoise, Intel Capital, TAT Investments and attracted new investment from Innoventure Capital an associate of Credit Suisse.

Sean Neylon, CEO of Colibrys said, We are one of the few companys worldwide that has both the established revenue, breath and maturity of experience necessary to be a leader in the worldwide markets for silicon MEMS components. We have made progress in recent years to establish ourselves as one of Europes leading MEMS manufacturer and our objective is to establish a similar market position in North American and Asian markets."

About Colibrys:
The creation of Colibrys as an independent MEMS supplier occurred in January 2001, yet another success for CSEM and its spin-off strategy. Employing 125 people, Colibrys undertakes design, development, wafer fab manufacture, packaging and test of MEMS components. Colibrys is focusing its efforts where market sales growth potential remains very high, especially in professional inertial navigation systems, industrial applications, life sciences, telecommunications networks and avionics. For further details on Colibrys SA visit their website www.colibrys.com.

About aventic:
Aventic is the Swiss venture capital arm of UBS focused on early stage and growth financing for technology-driven enterprises. Main investment areas include IT/Internet/Telecom, Microtechnology and Health care/Biotech. For further details visit their website at www.aventic.ch/

About Banexi Ventures:
Banexi Ventures in one of the leading French Venture Capital firms focusing on early stage high tech companies. Banexi Ventures has developed a relevant expertise of investments in the following sectors: semiconductors, microelectronics, optics and biotechnologies. Further information is available on their website: www.banexiventures.com/

About Banque Cantonale Vaudoise (BCV):
BCV invests directly in Swiss early stage and developing companies mainly in areas such as IT/Internet/Telecom/Media, Micro-Nano Technologies and Life Sciences. For further details visit their website at www.bcv.ch

About CSEM:
CSEM is a private company based in Neuchâtel Switzerland focused on research and applied development of technologies including microelectronics, Microsystems and Nano Technology. CSEM acts in a centrally coordinating role between university-based research and industry. For more information visit the website: www.csem.ch/

About Innoventure Capital AG:
Innoventure Capital AG is a subsidiary of Credit Suisse. Innoventure Capital AG provides risk capital to finance expansion at companies that are fast growing, forward-looking and innovative. The geographic focus is generally on Switzerland and Europe. For more information, visit www.innoventure.ch/

About Intel Capital:
Intel Capital, Intels strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy, including Internet infrastructure, content and services in support of Intels strategic interests. For more information, visit www.intel.com/capital

About TAT Investments: www.tatcapital.com

About MEMS:
MEMS technology can combine mechanical, optical, semiconductor switching, micro-fluidic, thermal and micro-magnetic functions within a single chip, offering improved performance and smaller size at lower cost. The technology developments have been largely derived from the silicon semiconductor industry and adapted to allow micro miniature mechanical components to be developed in a reliable industrial manner.

Press Contact: michel.minck@colibrys.com
Tel: +41 32 720 5193   
Colibrys: sean.neylon@colibrys.com
Tel: +41 32 720 5424