Smart Link to Spin-off Its VoIP Business as Voxelle

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Smart Link Ltd. today announced that it will spin-off its VoIP business as Voxelle Ltd. Voxelle will focus on providing complete semiconductor and software solutions for manufacturers of VoIP peripherals and systems in the consumer and digital office arenas. Meanwhile Smart Link will continue to concentrate its efforts on modems and media streaming technologies.

Smart Link Ltd. today announced that it will spin-off its VoIP business as Voxelle Ltd. Voxelle will focus on providing complete semiconductor and software solutions for manufacturers of VoIP peripherals and systems in the consumer and digital office arenas. Meanwhile Smart Link will continue to concentrate its efforts on modems and media streaming technologies.

Existing Smart Link VoIP customers will continue to be fully supported by Voxelle and will not be impacted by the spin-off. Voxelle will gain responsibility of all Smart Link VoIP related products, Intellectual property, together with a highly experienced R&D team. A significant part of Smart Link’s sales, marketing and customer support teams are also being transferred to Voxelle, with operations in Israel, United States, China and Taiwan.

Voxelle gains a seasoned management team with Moty Mebel as CEO, Kapriel Karagozyan as President, and Ronen Bartal as VP of Marketing and Product Development, all transferred from Smart Link.

Smart Link and Voxelle are fully committed to supporting all existing customers. Active Smart Link and Voxelle based product designs will not be impacted by the spin-off since they will continue to be supported by the same technical and business resources.

The creation of Voxelle as a strong independent semiconductor and software company is an exciting milestone," said Moty Mebel, Voxelle CEO. "Over the past few years, we have diligently invested in VoIP and nurtured this activity. Our efforts yielded an attractive new product line along with a pipeline of patented technologies and products. It is now time to fully capitalize on these efforts by launching Voxelle as a well-funded and experienced independent entity."

"Voxelle already captured a long roster of design-wins for its recently introduced TLink Personal VoIP Gateway solution," commented Mr. Mebel. "We are looking forward to seeing a variety of Voxelle-enabled products on retail shelves in time for the holiday season."

Voxelle will be displaying its products and announcing partnerships at the coming VON trade show in Boston in September (Booth 440), as well as at the CES trade show in Las Vegas in January 2006.

About Voxelle:

Voxelle is a semiconductor and software solutions vendor with a global organization headquartered in Netanya, Israel and offices in Boston, Taipei, and Shenzhen. Voxelle’s VoIP Gateway family solutions are targeted for SOHO (Small Office, Home Office) and residential markets. Based on patented technologies and proprietary innovations, these products offer optimal telephony solutions incorporating PSTN, VoIP, mobile and wireless services. For more information you can visit our website at http://www.voxelle.com, or contact us at info@voxelle.com.

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Leor Brenman
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