Dave Mooring Joins AmberWave's Board of Directors

SALEM, N.H.--March 8, 2005--AmberWave Systems Corporation today announced that Dave Mooring, a board member and former President of Rambus, has joined AmberWave's Board of Directors. Mr. Mooring brings 25 years of semiconductor experience to the board of AmberWave.

AmberWave Systems Corporation, www.amberwave.com, is a industry's leading source of intellectual property for strained silicon and related materials, and the use of these materials in leading edge semiconductor devices. Amberwave's strained silicon technology and extensive intellectual property portfolio incorporate more than 10 years of advanced research and IP development from MIT, AT&T Bell Labs, and its own facilities.

AmberWave president and CEO, Richard Faubert, in announcing Mooring's addition to the Board, said, "Dave Mooring brings to AmberWave a deep familiarity with the global issues of intellectual property (IP) development and licensing. Our objective is to strengthen AmberWave's customer and revenue base through licensing, and Dave's strong background and experience in these arenas will be a tremendous asset."

Mooring added, "AmberWave has led the semiconductor industry to understand the potential of new materials and approaches, such as strained silicon, which address the increasingly apparent long-term limitations of bulk CMOS. I look forward to helping guide AmberWave as they continue to provide great technology and innovations to their customers and licensees."

Mr. Mooring joined Rambus in 1991 as the Vice President of Marketing and Sales and has served in a variety of executive roles at the company, including President from 1999 to 2004. From 1989 to 1991, he served as Vice President of Marketing and Sales at Vitesse Semiconductor. From 1980 to 1989, Mr. Mooring held various sales and then marketing management positions at Intel Corporation. Mr. Mooring holds a B.S. degree in Economics from Santa Clara University, an M.B.A. from Pepperdine University and an M.S. degree in Computer Engineering from the University of Southern California.

About AmberWave:

AmberWave Systems Corporation (http://www.amberwave.com) leads the semiconductor industry in developing and licensing intellectual property critical to the technology for manufacturing strained silicon and other advanced semiconductor materials and semiconductor devices. The Company's strained silicon technology incorporates more than 10 years of research from MIT, AT&T Bell Labs, and its own facilities. AmberWave complements its underlying intellectual property portfolio by providing a range of technical support services that enable IP licensees to rapidly convert the licensed technology to manufacturing processes.