ZAIQ TECHNOLOGIES APPOINTS BERNARD GILBERT PRESIDENT

Woburn, Mass. - August 2, 2002 - Zaiq Technologies, Inc., a leading electronic product design services provider, today announced the appointment of Bernard Gilbert to the position of President. Gilbert brings 21 years of leadership experience in a broad range of growth-oriented engineering organizations.

New President Brings Over Two Decades of Engineering and Business Experience
to Leading Design Service Company

Woburn, Mass. - August 2, 2002 - Zaiq Technologies, Inc., a leading electronic product design services provider, today announced the appointment of Bernard Gilbert to the position of President. Gilbert brings 21 years of leadership experience in a broad range of growth-oriented engineering organizations.

Most recently, Mr. Gilbert was Director of Engineering for the Network Storage division of Sun Microsystems, based in Burlington, MA. In this position, he was responsible for the Product and Engineering functions of the M&A activities of the division.

Prior to Sun Microsystems, Mr. Gilbert held various executive positions at SpeedSim, a high performance EDA tool supplier, which was acquired by Quickturn. As Vice-President of Engineering Operations at SpeedSim, Mr. Gilbert's responsibilities included management of all engineering, research and development organizations, as well as major corporate accounts. Mr. Gilbert has also held executive level positions at Computervision and he began his career as one of the founders of the Microelectronic Society of Sherbrooke, a microelectronics design engineering firm based in Sherbrooke, Quebec, Canada. Mr. Gilbert is a graduate of Sherbrooke University, Sherbrooke, Canada, with Master of Engineering and Bachelor of Applied Sciences degrees.

Rich McAndrew, Zaiq Technologies' Chairman said, "From the beginning of our search, our Board was determined to select a seasoned executive with broad engineering experience and a proven high tech business background. Bernard brings to Zaiq a clear understanding of the engineering issues our customers face, and the win-win attitude necessary to expand on Zaiq's strong client relationships.

Mr. Gilbert said, "This is a great opportunity. I could not be more excited about leading this great company. Zaiq has a reputation for excellence, a depth and breadth of engineering capabilities not readily found in one organization, and is a nationally ranked leader in electronic design services. I look forward to working together with this great team to take Zaiq to new heights."
"It is important to note," Mr. Gilbert added, "that in today's market, companies must remain highly flexible and have the agility to respond quickly to customer needs. Zaiq is well positioned to support a growing customer base and we will set the 'quality-standard' for cost effective expert engineering resources.

About Zaiq Technologies
Zaiq Technologies, Inc. enables its customers to meet critical product development objectives by offering a complete line of specialized design and verification technologies and services. Zaiq is a recognized leader in system level design and verification for complex, high-performance, system-on-chip (SoC and SoPC), ASIC and FPGA based systems. Ranked number 35 on the Inc 500 list of fasted growing companies, Zaiq Technologies was founded in 1996 and has completed over 350 assignments.

Additional information about Zaiq and its products and services is available by phone at 877-351-8299, by e-mail at info@zaiqtech.com, or on the Internet at http://www.zaiqtech.com.
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