San Jose, CA and Cupertino, CA — November 8, 2004 — Foundry Networks, Inc. and Neterion Inc. (formerly S2io Inc.), today announced they have formed an alliance to cooperate in developing and delivering high-performance computing (HPC) solutions as part of Foundry's HPC Ethernet Alliance Program. Foundry's HPC Ethernet Alliance Program is designed to accelerate deployment of high-performance Gigabit Ethernet and 10-Gigabit Ethernet (10-GbE) solutions within the HPC community. As part of the program, Foundry will work closely with Neterion and with other leading next-generation Ethernet adapter, server and application vendors to deliver standards-based, high-performance HPC solutions for network-based, high-speed applications.

As part of the Foundry HPC Ethernet Alliance Program, Foundry and Neterion will work together in the following areas:

— Interoperability testing and benchmarking of Foundry's Ethernet switches with Neterion to provide customers with seamless integration and end-to-end performance measurements

— Cooperative marketing to promote the use of Gigabit Ethernet and 10-GbE in HPC environments

— Cross training on the benefits of an integrated, solutions-based HPC networking approach

"Neterion is pleased to be part of Foundry's HPC Ethernet Alliance program," said Dave Zabrowski, President and CEO of Neterion, Inc. "This announcement is a further indication of the rapid development of the 10 Gigabit Ethernet ecosystem because of the technology's inherent reliability, interoperability and performance capabilities. Neterion is the 10 Gigabit Ethernet Adapter market-share leader today, and this type of alliance will strengthen our lead."

"Ethernet is becoming the interconnect of choice for a new generation of high-performance networks, from massively parallel processing supercomputers to commodity clusters and grids built with affordable, off-the-shelf components. As a leading provider of high-performance, low-latency network infrastructure to many leading supercomputing sites around the world, Foundry is working with partners like Neterion to bring the benefits of Ethernet to a new class of HPC customers," said Ken Cheng, vice president and general manager of the Layer 2/3 Switching and Routing Solutions Business Unit for Foundry. "With the HPC Ethernet Alliance Program, we are formalizing our longstanding commitment to work with partners to deliver the highest-quality, tested and proven networking solutions to simplify deployments, and ultimately help customers spend less time building and managing their networks and more time on their primary scientific and business mission."

Foundry, Booth 741 and Neterion, Booth 841, will be demonstrating their joint solutions for the HPC market at the Supercomputing 2004 tradeshow, which opens this week in Pittsburgh, PA.

About Neterion, Inc.
Founded in 2001, Neterion Inc. has locations in Cupertino, California and Ottawa, Canada. Neterion delivers 10 Gigabit Ethernet hardware & software solutions that enable OEMs to solve their customers' high-end networking problems. The company's line of Xframe® products is based on Neterion-developed technologies that deliver new levels of performance, availability and reliability in the datacenter. Xframe and Xframe II include full IPv4 and IPv6 support, and comprehensive stateless offloads that preserve the integrity of current TCP/IP implementations without "breaking the stack." Xframe drivers are available for all major Operating Systems, including Microsoft Windows, Linux, Hewlett-Packard's HP-UX, IBM's AIX, Sun's Solaris and SGI's Irix. Formerly known as S2io, the company changed its name to Neterion in January 2005.

Further information on the company can be found at http://www.neterion.com/

The Neterion, Xframe, Xframe II names and logos and combinations thereof, are trademarks of Neterion, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

About Foundry Networks
Foundry Networks, Inc. (Nasdaq: FDRY) is a leading provider of high-performance enterprise and service provider switching, routing and Web traffic management solutions including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4 - 7 application switches, Wireless LAN and access points, Access Routers and Metro Routers. Foundry's 7,500 customers include the world's premier ISPs, Metro service providers, and enterprises including e-commerce sites, universities, entertainment, health and wellness, government, financial, and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynetworks.com.

Foundry Networks and the 'Iron' family of marks are trademarks of Foundry Networks, Inc. All other trademarks are the sole property of their respective holders.

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