SUNNYVALE, Calif. – Dec. 13, 2004 – Stream Processors, Inc. (SPI), a fabless semiconductor company, today announced that semiconductor industry veteran Charles “Chip” Stearns has been named president and CEO. He also joins the company’s Board of Directors. Stearns succeeds SPI founder, professor, Bill Dally, who continues in his role as the company’s Chairman and chief scientist.

"I am excited that SPI has attracted a leader of Chip’s experience and ability," said Dally. "I believe that Chip has the right approach and the experience to help SPI realize its full market potential. He will be a superb leader as we bring our groundbreaking stream processor technology to market."

Basil Horangic, general partner at Austin Ventures and SPI board member, added, "Chip is a fantastic addition to this stellar team. SPI has hit every milestone thus far, and we expect that under Chip's leadership the company will be able to accelerate the launch of its powerful new stream processor architecture. The need in the market has never been greater for a highly parallel compute engine with such innovative and simple programming tools."

About Charles “Chip” Stearns
Stearns has more than two decades of executive and senior management experience most recently spending three years as vice president of operations and marketing for HelloSoft, Inc. Prior to HelloSoft, he was president and CEO of picoTurbo, Inc., an embedded processor licensing company that was acquired by ARM Holdings plc. While at picoTurbo, he demonstrated his ability to grow a developing business, build a respected executive team and deliver embedded processors. Before joining picoTurbo, Stearns was the founder and CEO of MediaShower, Inc., and prior to that he was the General Manager for video products at S3 Inc. Stearns also held key management roles in processor development at Vertex Semiconductor and LSI Logic.

Stearns holds 12 technology patents, and has received industry awards for innovative technology development. He has taught numerous professional courses and delivered over a dozen technical and business papers at conferences around the world. He holds a M.S. in electrical engineering from Stanford University.

About Stream Processors, Inc.
Stream Processors, Inc. (SPI) is a privately held fabless semiconductor company developing an innovative stream processing architecture that that will help consumer and industrial companies accelerate time to market for their products, while greatly reducing system development costs. SPI was founded in 2004 in the recognition that the new era of compute-intensive applications requires radically increased levels of processor performance and efficiency. The company’s technology and products improve application productivity by making parallel processing easier to program and use. Additional information can be found online at http://www.streamprocessors.com/.

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